TSB Personal Loan – Loan Review
TSB Bank offers competitive personal loans for New Zealanders, with fixed rates and straightforward application.
Applying does not commit you to any agreement.
TSB Personal Loan
TSB (The Savings Bank) is a fully NZ-owned bank with roots going back to 1850 in Taranaki. Personal loans from $2,000 to $50,000 with terms of 1 to 5 years. Rates start from 12.95% p.a. TSB is known for high customer satisfaction and low fees.
Applications can be made online or at any TSB branch. TSB has over 25 branches mainly in Taranaki and Auckland, but online applications are available nationwide. Approval typically takes 1-3 business days.
No monthly account fee. No early repayment penalty. TSB is frequently rated highly for customer satisfaction among NZ banks.
✓ Pros
- 100% NZ owned
- No monthly account fee
- No early repayment fees
- High customer satisfaction
✗ Cons
- Branches mainly in Taranaki and Auckland
- Maximum $50,000
- Similar rates to other major banks
Loan Example
Example: $8,000 over 36 months at 12.95% p.a. = approx. $269/month.
Loan Requirements
- ✓ NZ citizen or permanent resident
- ✓ 18 years or older
- ✓ Regular verifiable income
- ✓ Good credit history
- ✓ Valid NZ ID
Loan Features
- Fixed interest rate
- NZ-owned bank
- $2,000 to $50,000
- Terms up to 7 years
- No early repayment fee
Frequently Asked Questions
1-3 business days after submitting your application.
The minimum amount at TSB Personal Loan is $2,000.
Yes, TSB Personal Loan offers an online application process. Visit their website to apply.