Unsecured loans

        Unsecured loans in New Zealand

An unsecured loan is just one of the many different options available when looking to borrow money.

$10,000
Loan amount $1,000 - $10,000
Interest 13.95 %
Maturity 6 - 60 months

Fast information

Properties of this loan

  • Online loans up to $10 000
  • Term 6 - 60 months

Loan requirements

  • Be over 18 years of age
  • Be a citizen or permanent resident of New Zealand

About company

More information about the company Financial Services Complaints Ltd

Borrow from $1,000 with interest from the 13.95 % Moread
$50,000
Loan amount $2,000 - $50,000
Interest 6.99 %
Maturity 3 - 5 years

Fast information

Properties of this loan

  • Online loans up to $50 000
  • Term 3 - 5 years
  • Easy online application

Loan requirements

  • Over 18
  • Employed
  • Be a citizen or permanent resident of New Zealand

About company

More information about the company Harmoney Limited

Borrow from $2,000 with interest from the 6.99 % Moread
$10,000
Loan amount $100 - $10,000
Interest 0 %
Maturity 1 - 52 weeks

Fast information

Properties of this loan

  • Online loans up to $10 000
  • Term 1 - 52 weeks

Loan requirements

  • You must be over 18
  • Do you earn at least $350 per week after tax? From salary, wages or benefit (can be combined)
  • Is your income (salary, wages or benefit) direct credited into your account
  • Do you have internet banking (if you don't it only takes 5 minutes to organise simply phone your bank or call into your nearest branch)
  • Have you got photo ID — your driver’s licence, passport, an 18+ card with a birth certificate, or firearms licence
  • If employed, have you been with your employer for more than 90 days
  • Proof of address — From your bank or a government department. Eg. WINZ, HOUSING NZ, LTNZ

About company

More information about the company Superloans

Borrow from $100 with interest from the 0 % Moread
$500
Loan amount $50 - $500
Interest 365 %
Maturity 7 - 42 days

Fast information

Properties of this loan

  • Online loans up to $500
  • Term 7 - 42 days

Loan requirements

  • Be over 18 years of age
  • Be a citizen or permanent resident of New Zealand
  • Demonstrate a regular income and an ability to repay all loan costs

About company

More information about the company Pretty Penny Loans

Borrow from $50 with interest from the 365 % Moread
$10,000
Loan amount $300 - $10,000
Interest 1.5 %
Maturity 12 - 24 months

Fast information

Properties of this loan

  • Online loans up to $10 000
  • Term 12 - 24 months

Loan requirements

  • Be over 18 years of age
  • Receive a regular income to a personal bank account for at least 90 days
  • Have a direct contact number

About company

More information about the company Jacaranda Finance Pty Ltd

Borrow from $300 with interest from the 1.5 % Moread
$10,000
Loan amount $1,000 - $10,000
Interest 3.3 %
Maturity 6 - 48 months

Fast information

Properties of this loan

  • Online loans up to $10 000
  • Term 6 - 48 months

Loan requirements

  • You must be over 18
  • You must be a New Zealand citizen, resident or hold a current working VISA

About company

More information about the company Rapid Loans NZ Limited.

Borrow from $1,000 with interest from the 3.3 % Moread
$20,000
Loan amount $1,000 - $20,000
Interest 9.95 %
Maturity 6 - 36 months

Fast information

Properties of this loan

  • Online loans up to $20 000
  • Term 6 - 36 months

Loan requirements

  • You must be able to offer something as collateral or security for all loans. We only offer secured loans. We will consider most things
  • household items such as whiteware and electronic goods ( TVs and stereos), vehicles, property or land. If you don’t have any security, we are happy for a friend or family member to act as your guarantor to provide security on your behalf
  • You need to be over 21 (unless you have a suitable guarantor who is over 21).
  • You should have a reasonable credit history
  • You must be able to make the payments on your loan
  • You must live in NZ and be a NZ Resident or NZ Citizen (or have guarantors who are)

About company

More information about the company Admiral Finance Limited

Borrow from $1,000 with interest from the 9.95 % Moread
$20,000
Loan amount $200 - $20,000
Interest 11.97 %
Maturity 1 - 52 weeks

Fast information

Properties of this loan

  • Online loans up to $20 000
  • Term 1 - 52 weeks
  • Easy online application

Loan requirements

  • 18 years +
  • Driver licence or Passport details
  • Bank account # and a statement
  • Vehicle registration plate
  • An active mobile phone
  • An active email address

About company

More information about the company Pronto Finance Limited

Borrow from $200 with interest from the 11.97 % Moread
$5,000
Loan amount $300 - $5,000
Interest 0.46 %
Maturity 4 - 28 weeks

Fast information

Properties of this loan

  • Online loans up to $5 000
  • Term 4 - 28 weeks
  • Easy online application

Loan requirements

  • You need to be over 18 years old
  • You need to be currently residing in New Zealand
  • You need to have a valid photo ID (any passport or NZ driving license accepted)
  • You need to be a NZ/AU Resident/Citizen or hold a valid work visa
  • You need to be working full-time/part-time for at least three months with your current employer
  • You need to be earning at least $300 per week
  • You need to have an active bank account with at least three regular payroll transactions
  • You need to have an access to internet as our loan application process is 100% online
  • You need to have an access to your internet banking (optional if you are seeking a loan of less than $1500)
  • You need to have an active and registered mobile number
  • You need to have an active email address
  • You do not owe money on any existing high-cost loan
  • You did not owe money on any high-cost loan within last 15 days
  • You have not taken two or more high-cost loans in the last 90 days

About company

More information about the company Seed Credit Limited

Borrow from $300 with interest from the 0.46 % Moread
$2,000
Loan amount $300 - $2,000
Interest 4.16 %
Maturity 6 - 26 weeks

Fast information

Properties of this loan

  • Online loans up to $2 000
  • Term 6 - 26 weeks

Loan requirements

  • You need to be a New Zealand citizen, permanent resident or possess a valid work visa
  • You need to be at least 18 years of age. You need an active bank account (for at least one pay cycle)
  • You need to be employed and your income must be electronically transferred into your bank account on a regular basis
  • Your net income needs to meet the minimum requirement of $400 per week
  • You need a valid email account. You need an active mobile phone. You need verifiable identification

About company

More information about the company Save My Bacon Limited.

Borrow from $300 with interest from the 4.16 % Moread
$20,000
Loan amount $1,000 - $20,000
Interest 11.95 %
Maturity 6 - 48 months

Fast information

Properties of this loan

  • Online loans up to $20 000
  • Term 6 - 48 months

Loan requirements

  • Be over 18 years of age
  • Be a citizen or permanent resident of New Zealand

About company

More information about the company Nectar NZ Limited

Borrow from $1,000 with interest from the 11.95 % Moread

        Unsecured loans in New Zealand

There are both pros and cons when considering this type of credit and it’s important to understand then before jumping in.

What is an unsecured loan?

A secured loan is when one of the borrower's assets – such as a car, jewellery, term deposit or other type of property – is used as security against the loan. If the borrower is unable to repay the loan, the lender will take ownership of the asset as a way to recuperate the money they loaned out. 

When a borrower doesn’t have any assets or they’d rather not have their assets attached to a loan, they can choose the option of an unsecured loan. The interest rates are typically higher than those associated with secured loans for the fact that the lender is taking on more risk by providing funds with no security to fall back on if the borrower defaults on their repayment obligations. An unsecured loan is less risky to the borrower because they’re not going to lose their personal property if they can’t make their repayments for whatever reason. However, this doesn’t mean that a borrower can simply stop making repayments with no consequences. The lender can take legal action to recover their money through different avenues which could even include bankruptcy.

An unsecured loan is riskier for the lender so they may rely more heavily on aspects such as the borrower's credit history, credit rating and income consistency and amount. They need to be extra sure that the borrower is likely and able to repay the loan as there is no safety-net in the form of a secured asset to fall back on. 

Unsecured loans are generally for a much shorter term than secured loans with the range being one to seven years for unsecured compared to up to 15 years for a secured loan. 

What are the cons of an unsecured loan?

What are the pros of an unsecured loan?

How much can I borrow?

Generally, unsecured loans range from $2,000 up to $70,000, depending on the lender you choose. For higher amounts, a secured loan may need to be considered. 

Where can I get an unsecured loan?

Almost all lenders have their own version of an unsecured personal loan so there are lots of options to choose from depending on your needs. Compare our unsecured loans to find one to suit your needs (insert link to unsecured personal loans).


Unsecured loans in New Zealand rating: 4.5/5 from 293 votes.

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