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Student Loans in New Zealand

We compare 9 offers. Updated 20 Apr 2026.

Best Student Loans 2026

Rapid Loans

Amount, $1 000 - $10 000 ;Term, 6 - 48 months

$1,000 – $10,000 Rate from 3,30 % Approval: 6 - 48 months
★★★★☆ 4.0
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ANZ

Amount, $3 000 - $40 000 ;Term,6 months - 7 years

$3,000 – $40,000 Rate from 12,90 % Approval: 6 months - 7 years
★★★★☆ 4.0
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Harmoney

Amount, $2 000 - $50 000 ;Term, 3 - 5 years

$2,000 – $50,000 Rate from 6,99 % Approval: 3 - 5 years
★★★★☆ 4.0
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Nectar

Amount, $1 000 - $20 000 ;Term, 6 - 48 months

$1,000 – $20,000 Rate from 11,95 % Approval: 6 - 48 months
★★★★☆ 4.0
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Loansmart

Amount, $1 000 - $10 000 ;Term, 6 - 60 months

$1,000 – $10,000 Rate from 13,95 % Approval: 6 - 60 months
★★★★☆ 4.0
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Avanti Finance

Amount, $1 000 - $100 000 ;Term, 1 - 5 years

$1,000 – $100,000 Rate from 7,00 % Approval: 1 - 5 years
★★★★☆ 4.0
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Breezy Loans

Amount, $300 – $10 000 ;Term, 91 days – 24 months

$300 – $10,000 Rate from 108,00 % Approval: 91 days – 24 months
★★★★☆ 4.0
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Government and private student loans in NZ

Most New Zealand students borrow through StudyLink, which is the government scheme run by the Ministry of Social Development. The interest rate on StudyLink loans is 0% while you live in New Zealand, making it the cheapest option by a wide margin. You apply through StudyLink, not through a bank.

Private student loans from banks and finance companies carry commercial interest rates, typically 13% to 28% p.a. They may be useful if you need money for costs StudyLink does not cover, such as a laptop, accommodation bond, or living expenses above the student allowance threshold.

Before taking a private student loan

Check whether you qualify for a student allowance or hardship grant first. Borrowing at commercial rates adds to your long-term debt load. If you do take a private loan, borrow only what you need and aim to repay it quickly once you graduate. Lenders like Harmoney and ANZ offer personal loans that students can use for education costs, subject to credit approval and evidence of income or a guarantor.