The Cooperative Bank Personal Loan – Loan details

The Cooperative Bank is customer-owned, offering personal loans with competitive rates and ethical banking values.

Loan amount $1,000 – $50,000
Interest from 12,95 %
Term 12 – 60 months
Approval 1-3 business days

Pros

  • ✓ Customer-owned – annual profit share
  • ✓ No early repayment fees
  • ✓ Competitive rates
  • ✓ Personal service

Cons

  • ✗ Fewer branches than major banks
  • ✗ Maximum $50,000
  • ✗ Must become a member

Requirements

  • ✓ NZ citizen or permanent resident
  • ✓ 18 years or older
  • ✓ Regular income
  • ✓ Good credit history
  • ✓ Valid NZ ID

Company information

The Co-operative Bank Limited
280 Cuba Street, Wellington 6011
https://www.thecooperativebank.co.nz

This document is for informational purposes only. Always verify current terms and conditions directly with the lender before signing any agreement. CoolFinance.nz is an independent comparison portal.