Admiral Finance Car Loan Review

You could qualify for an Admiral Finance secured loan from $1,000 to $50,000, even if you have bad credit.

Admiral Finance offers secured loans for a wide range of vehicles including new and used cars, motorbikes and boats. If you apply during business hours, you could receive your funds the same day for an additional fee.

We’ll help you decide if an Admiral Finance Car Loan is right for you.

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13.95% - 23.95%

Interest Rate (p.a.)


Max. Loan Amount


Product NameAdmiral Finance Car Loan
Interest Rate (p.a.)13.95% - 23.95%
Min. Loan Amount$1,000
Max. Loan Amount$50,000
Loan SecuritySecured
Loan Term6 months to 60 months
Turnaround Time60 minutes response during business hours
More Info

Pros and cons


  • Borrow up to $50,000
  • Low minimum loan amount of $1,000
  • Bad credit options


  • Loans require an asset as collateral
  • If you are between 18 and 21, you will need a guarantor for your loan
  • Not available for those with a learner licence

Main points to consider with an Admiral Finance Car Loan

Admiral Finance offers car loans between $1,000 and $50,000. Loans have annual interest rates of 13.95% - 23.95% and can be taken out for terms of 6 months to 5 years. All Admiral Finance loans require an asset as collateral, such as your home or personal possessions. You may also be able to secure your car loan against your new vehicle.

Features of a car loan from Admiral Finance

  • Interest rates of 13.95% - 23.95% p.a. Interest rates are based on individual financial situations and the collateral offered for the loan.
  • Flexible loan limits. With an Admiral Finance Car Loan, you can borrow as little as $1,000 or as much as $50,000, depending on your needs and your current financial circumstances.
  • Flexible loan terms. Loan terms range from 6 months to 5 years. Your loan term depends on your ability to repay the loan and your collaters. If you use property or land as collateral, you could have a loan term of up to 5 years.
  • Bad credit options. Admiral Finance does not have a minimum credit score requirement.
  • Same-day funds. If you apply during business hours, an Admiral Finance representative will get in touch within one hour. If your loan is approved during business hours, you can get your money the same day for an additional fee. If not, funds are usually deposited the next business day.
  • Get your dream vehicle. Loans are available for a variety of cars, motorbikes, vans, commercial vehicles and boats.

How much does the loan cost?

The following fees may apply to your Admiral Finance loan:

  • Application fee. This fee ranges from $125 - $595 depending on loan size.
  • Administration fee. A fee of $12 per month will be added to your loan to cover administrative costs.
  • Security variation fee. A fee of up to $150 applies if you want to change the collateral on an existing loan.
  • Loan withdrawal or variation fee. Fee ranges from $95 - $250 per additional advance.
  • Refund fee. If you overpay a repayment and want a refund, a fee of up to $50 may apply.
  • Default fees. If you are unable to make your repayments, default fees and other default related charges may apply.
  • Additional statement fee. While there is no charge for regular statements, if you request additional statements, a fee of $10 per additional statement applies.
  • Collateral inspection and mortgage fees. Additional fees may apply if you use property as collateral for your loan.

How to apply for an Admiral Finance Car Loan

To be eligible you must, at a minimum:
  • Be at least 18 years old. If you are between 18 and 21 years old, you need a guarantor for your loan
  • Be a New Zealand citizen or permanent resident
  • Have a valid New Zealand driver’s licence or passport
  • Earn at least $400 per week
  • Be able to secure your loan against an asset such as a motor vehicle, personal possessions, a house, land or boat
  • Have a reasonable credit history
  • Not be currently bankrupt or hold a No Asset Procedure
  • Hold a minimum of a Restricted Licence

When applying you will need to provide:

  • Proof of identity. Two forms of ID are required with all applications for Admiral Finance loans. This includes at least one photo ID such as a driver’s licence or passport and a secondary ID such as a bank card, credit or debit card, or birth certificate.
  • Driver’s licence. To take out an Admiral Finance Car Loan you must provide a minimum of a restricted driver’s licence. Learner licences are not accepted.

Bottom line

A secured car loan from Admiral Finance can get you on the road in no time. Loans range between $1,000 and $50,000 with flexible loan terms and competitive interest rates. It takes five minutes to apply online and release of funds is typically within 24 hours. Make sure you’re aware of all the fees that come with an Admiral Finance car loan before you apply.

Compare car finance

Name Product Interest Rate (p.a.) Min. Loan Amount Max. Loan Amount Loan Term Establishment Fee
Simplify Secured Car Loan
6.25% - 12.50%
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$100 - $500
Eligibility: Must be 18+, a New Zealand resident or permanent citizen and have an income of at least $500 per month.
See how much you could borrow without affecting your credit score.
MTF Finance Secured Car Loan
8.20% - 20.20%
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Eligibility: Must be 18+, be an NZ citizen, resident or have a work visa, and have a regular source of income.
Secured car loans from $2,000.
FROM 6.99%
The Co-operative Bank Unsecured Personal Loan
6.99% - 19.99%
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Eligibility: Be 18+, an NZ citizen/permanent resident, or have a valid work visa.
Floating-rate, unsecured personal loans from $3,000.
Kiwi Car Loans Secured Loan
6.95% - 19.95%
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$195 - $995 depending on lender
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100% online secured car loans from $5,000
Lending Crowd Secured Car Loan
5.03% - 15.44%
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$450 - $1,450 depending on the amount borrowed
Eligibility: Be a NZ resident/citizen and have a good credit score.
Borrow $5,050 to $200,000 for your chosen vehicle. 100% online with no paperwork or early repayment fees.
CarFinance2U Car Loan
8.95% - 23.95%
1 - 5 years
Eligibility: Be at least 21 years old, have a valid NZ driver's licence and be an NZ citizen or permanent resident.
With a CarFinance2U secured or unsecured car loan you could get pre-approval for your next car in 30 minutes.
Nectar Unsecured Car Loan
8.95% - 29.95%
6 months - 4 years
Eligibility: Must be 18+, an NZ citizen or permanent resident, have an income of $400 per week or more (after tax) and a stable credit history.
Unsecured car loans from $1,000 with payouts made within one day of approval. Applications entirely online.

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