Loans in New Zealand in 2017!

Westpac - description of the lender

Loan ammount

$1000 - $50000

Loan term

1 - 5 years

Company

Make ‘one day’ happen today with a Westpac Personal Loan. If you’ve been putting off buying a new car, the holiday you’ve always wanted or much needed renovations, why not get a personal loan? It’s quick and easy to apply, and the loan can be structured to suit your needs.

APR

13.95 - 20 %

Representative example

Loan Amount: $10000, Loan Term: 5 years, Interest: $39.20, APR: 13.95 %

Timeframe for evaluating your credit application

Once you apply for a personal loan online, we should be able to get back to you within two business days. Once your loan has been approved, the money can be in your Westpac account the following day.

Required documents

1. Identification;
2. Proof of your income - if we can see income deposits into your Westpac account this may be all we need. Otherwise we’ll need one of the following:
- a recent bank statement showing your last three consecutive income deposits; or - a current payslip showing your annual income or your last three consecutive payslips; or - an original, signed and current letter from your employer confirming your income details and term of employment.
3. Other loan statements - if you are refinancing existing debts we will want to see your bank and/or finance company original statements showing repayments for the last 3 months.

Important

There is no penalty or fee - providing you are not otherwise in default - if you'd like to:
- Increase your regular payments;
- Pay a lump sum;
- Pay off the entire balance

Office hours

Monday-Friday: 8am-7.30pm
Saturday: 9am-3pm

Legal address

Westpac, FATCA Operations, P.O. Box 934, Shortland St, Auckland, 1140, New Zealand

Additional information

Phone: 0800 400 600

Other offers

How to choose the best loan for you?



  • Loan simulation

    Loan simulation on lenders websites show the differences between offers, in terms of monthly payments and also the total cost to pay. In any case we recommend you to make a credit simulation on 2 or 3 websites that suit you and only then make your online application. If you hesitate between several offers, make several credit applications to receive offers. This will allow you to compare the contracts.
  • APR.*

    Annual Percentage Rate represents an annual cost (in %) of borrowing. The APR include factors such as interest rate and certain other fees and charges into account. In order to make it easier for you to compare one loan to other similar loans, lenders are required to tell you their APR before you sign an agreement.
  • The application fee.**

    The records of expenses are very different from one institution to another. High records charges may hide behind a low APR. Up to 1% of the credit amount, expenses records are reasonable.
  • The total cost of credit.

    The total cost is the first item to check for comparing credit offers. This is the amount you will pay in the end. This amount includes interest, possible administrative costs or insurance.


Minimum loan amount
$3000
Maximum loan amount
$100000
Minimum loan term
6 months
Maximum loan term
7 years
APR
17.95 - 18.95 %
Minimum age
18 years
Loan granting
Good
Online application
anz.co.nz
Requirements:
  • - must be over 18 years old;
  • - must be a permanent New Zealand resident;
  • - must apply for $3,000 or more.
Representative example: Loan amount: $10000, Loan term: 5 years, Interest: $5240, Total amount payable: $15240, APR: 17.95%
NB! Total amount payable depends on the loan amount, percentage, terms and individual credit worthiness.
Minimum loan amount
$1000
Maximum loan amount
$50000
Minimum loan term
1 year
Maximum loan term
5 years
APR
13.95 - 20 %
Minimum age
18 years
Loan granting
Good
Online application
westpac.co.nz
Requirements:
  • - you must be at least 18 years of age;
  • - be a permanent New Zealand Resident;
  • - have a regular income.
Representative example: Loan Amount: $10000, Loan Term: 5 years, Interest: $39.20, Total amount payable: $19211.95, APR: 13.95 %
NB! Total amount payable depends on the loan amount, percentage, terms and individual credit worthiness.
Minimum loan amount
$2000
Maximum loan amount
$80000
Minimum loan term
6 months
Maximum loan term
5 years
APR
10.93 - 100.67 %
Minimum age
18 years
Loan granting
Good
Online application
futurefinance....
Requirements:
  • - you must be at least 18 years of age;
  • - be a permanent New Zealand Resident;
  • - have a regular income.
Representative example: Loan amount: $10000, Loan term: 1 year, Interest: $1291, Total amount payable: $11779, APR: 70.80%
NB! Total amount payable depends on the loan amount, percentage, terms and individual credit worthiness.
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