Personal Loans are a cost effective way of borrowing for the medium term. They can help you finance a car, boat, trip, an unplanned expense or any personal needs other than buying a home. They are also a great way to consolidate any existing debt you may have.
- A National Bank Personal Loan combines the certainty of a fixed interest rate for repayments that stay the same with flexibility to make repayments at any time.
- Our competitive interest rate may save you money.
- The Personal Loan Calculator shows you how much you may be able to borrow and what your repayments might be.
- Our Debt Consolidation Calculator shows you how much interest you could save if you consolidate your debts into one National Bank Personal Loan.
- National Bank Loan Protection Insurance is an easy way to help you repay your National Bank Personal Loan if something unexpected happens.
- You can also use the Budget Planner to work out how the repayments might affect your other spending and saving.
We also have graduate and tertiary loans available on the Graduate Plus & Tertiary Plus packages.
Apply Now
You can apply online for a Personal Loan or speak to our lending specialists on 0800 661 144 for more information or to apply over the phone.
Our lending criteria apply.
Rates
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→Personal Loan
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17.95% p.a. |
→Tertiary Loan*
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11.70% p.a. |
→Graduate Loan*
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11.70% p.a. |
*The Tertiary and Graduate Loan rates are only available as part of our Tertiary Plus and Graduate Plus packages.
Fees
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| →Application Fee |
$200 |
| →Top up fee |
$125 |
| →The application fee can be added to the loan amount and will only apply if the loan is approved and drawn down. Minimum loan amount is $3,000. |
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Fees displayed are subject to change.
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How much can you borrow?
You can borrow any amount from $3,000. The amount you can borrow will depend on your ability to repay the loan.
Top ups
You can apply to top up your loan at any time, providing you can repay the increased
loan amount within the maximum term allowed.
The minimum top up is $1,000.
Tertiary and Graduate
We have graduate and tertiary loans available on the Graduate Plus and Tertiary Plus packages.
Interest rate
The interest rate is fixed for the term of the loan so you know exactly how much to budget
for repayments.
Loan Term
Choose the term of your loan from six months to seven years (Tertiary and Graduate loans from
one month up to five years).
Repayment Frequency
You choose either weekly, fortnightly or monthly repayments.
Early Repayments
You can make lump sum repayments, or repay the loan in full, at any time without paying
additional interest.
How long will approval take?
If we have all the information we need, we can give you rapid approval - in many
cases, on the spot.
We can pre-approve a loan
It's always easier negotiating a price for whatever you're buying when you know
in advance how much you can borrow. Talk to us right at the start of the process.
We may be able to pre-approve your ability to borrow up to a certain amount. Then
you'll start the bargaining in a better position.
What we need for your application
- Proof of income e.g. pay slips or a tax certificate
- 2 years financial statements if you are self employed
- 3 months of repayment statements from the financial institution the debt is held with
If you're not currently a National Bank customer, we will also need
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Two forms of signed identification (e.g. driver's licence, passport, credit card,
debit card)
- Statements from your current bank covering the last three months.
Protecting Your Loan
You can choose Loan Protection Insurance
to support your personal lending. It covers your loan repayments when you can't - for instance, if you are ever made redundant,
can't work due to sickness or suffer a disabling illness or accident.
The above Loan Protection product details are a summary only. For full details (including
terms, conditions and exclusions) please see the policy document which is available
from any National Bank branch.
Loan Protection Insurance premiums may be added to your loan.
Our lending criteria apply. Read our current disclosure statement.
Loan Protection Insurance is underwritten by ING Insurance Services (NZ) Limited. No member of the ANZ National Bank Group
or ING Group guarantees ING Insurance Services (NZ) Limited or any of the products issued by it.
There are several ways you can apply for a personal loan or get more information: You can:
- Apply online.
- Call 0800 66 11 44 to discuss your needs or to make an appointment with a lending specialist at a branch. You may be able to apply for your loan over the phone without having to come in to see us.
- Contact your nearest branch
- Browse or print an application form.
- Email us to order a brochure or have a banking consultant contact you.
What you need when you apply
If you're applying for a personal loan, you need to have this information:
- Your bank account details
- Details of your current financial position e.g. existing mortgage/loan details, hire purchase commitments, valuations or major assets etc.
- Evidence of your income. It can be a recent pay slip, a letter from your employer (on letterhead), IRD return, rental appraisal, copy of tenancy agreements or your annual accounts for the last three years if you're self-employed.
How long does it take?
If you can provide all the details including evidence of your income, we may be able to approve your loan immediately.
Our normal lending criteria apply. Read our current .