Check if you may be eligible for a loan

To be eligible for a personal loan in New Zealand, you generally need to:

• You should be at least 18 years or older.
• Be an New Zealand citizen, permanent resident, or have a valid visa
• Have a stable income source
• Meet the lender's credit requirements

Eligibility may vary slightly between lenders. We’ll let you know at the end of the quiz if you may be eligible

When applying for a personal loan, you typically need:

• Proof of identity (Driver's licence, passport)
• Proof of income (Payslips, bank statements)
• Employment details
• Information on current debts and expenses

Some lenders may also ask for additional documentation based on your financial situation.

Approval times can vary depending on the lender. Some online lenders may approve applications within hours, while traditional banks might take a few days. Once approved, funds are often transferred within 1–3 business days.

Interest rates for personal loans in New Zealand can be either fixed or variable, with terms typically ranging from 1 to 7 years. Repayment options are usually weekly, fortnightly, or monthly. The rate you receive often depends on your credit score and the lender's policies.