Reviews collected under Lending Room - the team behind Payday Advance NZ.
Personal Loans NZStop applying to lenders one at a time. Apply once with Payday Advance NZ and we match you to the lender from our panel of 20+ most likely to get you a better deal - across rate, terms and fees. Takes about 5 minutes.
Personal loan snapshot
Indicative rates and terms
Actual rates depend on your profile and lender criteria. Some lenders may run their own credit check after we match you.
One short form. We handle the matching, the follow-up and the hard work.
Takes about 5 minutes. Tell us your loan amount, purpose and basic situation. Just the once.
We run a soft credit check and match you to the lender on our panel most likely to get you a better deal. A soft check does not affect your credit score.
Our team contacts you with your approval. If it works for you we guide you through to settlement. No obligation at any stage.
Personal loans can be used for almost any purpose. We match you to the right lender for your specific situation.
Finance a new or used vehicle. We have specialist car loan lenders on our panel who may offer better rates than the dealership.
Car loans →Fund your renovation project without using your home as security. Secured and unsecured options available.
Renovation loans →Combine multiple debts into one lower-rate loan. One repayment, one due date, one lender.
Consolidation loans →Cover planned or unexpected medical and dental costs with a personal loan at a competitive rate.
Medical loans →Finance your holiday, wedding abroad or family travel with a personal loan at a fixed rate from a NZ lender.
Travel loans →Personal loans can be used for almost any purpose. Apply once and we will match you to the right lender.
Apply NowWe are not a lender. We are on your side. We work with 20+ NZ lenders and our job is to find you the best match for your situation.
We complete a soft-touch enquiry only. Your credit score is not affected when you check your options with us.
Once matched and approved by the lender, funds can be in your account the same day. Timing depends on the lender and your bank's processing times.
We compare across our full panel and match you to the lender most likely to approve your application at the best available rate.
We are a licensed financial services provider registered on the FSPR. Your application is handled securely and in full compliance with NZ financial regulations.
You're in good hands
Here is what happens when you apply
Most New Zealanders qualify. Check the basic criteria below before you apply.
Having these on hand will speed up your application.
Common questions about getting a personal loan through Payday Advance NZ.
Can't find what you're looking for? Contact our team
We run a soft credit check during our assessment which does not appear on your credit file or affect your score. Once we match you to a lender, some accept our soft check while others may run their own standard credit check as part of their process. We will let you know before we submit.
Every time you apply directly with a lender they run a hard credit check that leaves a mark on your file. Apply to five lenders separately and your score takes five hits before you have even borrowed anything. With Payday Advance NZ one application reaches multiple lenders with a single soft check.
The minimum is $1,000 and the maximum is $250,000 depending on the lender and your personal circumstances. Loan terms range from 6 to 84 months.
Personal loans can be used for almost any purpose including car purchases, home renovations, debt consolidation, medical costs, travel and more. Tell us what you need the loan for and we will match you to the most suitable lender.
In most cases you will hear back the same day. Same-day funding is possible for applications approved before 12pm on business days.
Yes. We accept open work visas and employer-specific work visas with at least 13 months remaining, provided you have a regular NZ-based income and a good credit history.
A broker fee of up to $1,500 (GST inclusive) applies when your loan is successfully funded. This fee is added to your loan amount and disclosed clearly before you commit to anything. You are never under any obligation to proceed. Lender establishment fees may also apply depending on the lender.
Rated 5 out of 5 on Trustpilot
A personal loan is a fixed amount borrowed from a lender and repaid in regular instalments over an agreed term with interest. Unlike a credit card which revolves, a personal loan has a defined end date - you know exactly when it will be paid off and what each repayment will be. In New Zealand, personal loans are available from banks, credit unions, finance companies and specialist non-bank lenders, with rates and criteria varying significantly between them.
Most personal loans in NZ are unsecured, meaning no asset is required as collateral. Secured personal loans - where you offer an asset such as a vehicle - typically attract lower rates because the lender carries less risk. Loan terms generally range from 6 to 84 months and amounts from $1,000 to $250,000 depending on the lender and your profile.
Personal loan rates in NZ currently range from 8.99% p.a. to 29.95% p.a. The rate you are offered depends on a combination of factors that vary by lender - which is why the same borrower can receive very different rates from different lenders. This is where a loan broker adds value: we match you to the lender most likely to offer the best overall rate for your specific profile.
Your credit score is one of the most significant factors. A clean credit history with no missed payments or defaults typically unlocks lower rates. Even a near-clean record can qualify with the right lender.
Lenders want confidence you can service the loan. Full-time employment is viewed most favourably, but part-time and self-employed borrowers with verifiable income can also qualify. The strength and stability of your income directly influences which lenders will consider you.
Larger loan amounts and longer terms carry more risk for lenders and can attract higher rates. A shorter term typically costs less in total interest even if the monthly repayment is higher.
Always compare the total repayable amount, not just the interest rate. A low rate with high establishment fees can cost more overall than a slightly higher rate with lower fees. Our team walks you through the full cost of any offer before you commit.
Every time you apply directly with a lender in NZ, they run a hard credit check recorded on your credit file. This is visible to other lenders and can lower your score if you make multiple applications in a short period. Most borrowers apply with several lenders to compare rates, which results in several hard checks before they have borrowed a cent.
Payday Advance NZ runs one soft credit check during our assessment. A soft check does not appear on your credit file and does not affect your score - giving you access to 20+ lenders with a single inquiry rather than one hard check per lender.
Every dollar borrowed accrues interest for the full term of the loan. Work out the exact amount you need before you apply and stick to it.
A holiday loan does not need a 7-year term. Match the loan term to how long you will realistically benefit from what you are borrowing for. A car that will last 5 years justifies a 5-year loan. A holiday is better repaid in 12 to 24 months.
Some NZ lenders charge a fee if you repay your loan early. If you think you may want to make extra repayments or clear the balance early, check the lender's terms before committing. Our team flags this for any offer we present.
One application, one soft credit check, matched to the right lender from our panel of 20+ vetted NZ lenders. No obligation to proceed.
