Finance Bloom secured personal loan review

This non-bank lender offers flexible loan amounts and terms, as well as personalised interest rates.

Finance Bloom offers secured personal loans to eligible applicants that can be used for big-ticket items, unexpected expenses or debt consolidation. You can take out a loan anywhere between $2,000 to $75,000 and receive a tailored interest rate depending on your circumstances.

Read on to find out what you need to know about Finance Bloom personal loans.

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Main points to consider with a Finance Bloom secured loan

A secured personal loan with Finance Bloom can be taken out between 6 months and 7 years. The minimum loan amount is $2,000, while the maximum amount is $75,000. Loans are secured and the interest rates vary between 6.35% - 28%.

Features of a secured personal loan from Finance Bloom

  • Interest rates between 6.35% - 28%. Interest rates are determined by your credit score, your financial situation and how much you want to borrow.
  • Flexible loan size. You can apply for a secured loan for an amount between $2,000 and $75,000 depending on what you need the money for.
  • Loan terms. Flexible loan terms mean you have the option of repaying smaller loans over 6 months and larger loans over 7 years.
  • Employment status. Loan applicants can be working either full time or part time.
  • Flexible loan approval. Finance bloom can approve loans if you have bad credit, are on temporary visa or are a pensioner.

How much does the loan cost?

The total cost of the loan, including interest, will depend on how much you borrow, the length of the loan term and the interest rate you’re quoted.

Some of the standard costs you can expect to pay with a Finance Bloom secured personal loan include:

  • An establishment fee between $395 - $500 to set up the loan.
  • A service fee between $3-$5 per month.

Pros and cons


  • Flexible loan amounts
  • Flexible loan terms


  • High establishment fee
  • May get a high interest rate, depending on circumstances
  • Beneficiaries can’t apply

How to apply for a Finance Bloom personal loan

You can apply for a Finance Bloom personal loan by visiting their site. Before doing so it’s important that you read and understand all of the fees and charges which are included with a loan before you make an application.

Eligibility requirements

  • Be over 18 years of age
  • Be a NZ citizen, resident or have a valid visa
  • Be in employment and earning at least $450 per week

Required documents

  • Driver’s licence
  • Copy of your passport
  • Copy of your work visa (if applicable)
  • Recent bank statements

Compare personal loans

Name Product Interest Rate (p.a.) Min. Loan Amount Max. Loan Amount Loan Term Monthly Service Fee Establishment Fee
FROM 6.99%
The Co-operative Bank Unsecured Personal Loan
6.99% - 19.99%
6 months to 5 years
Eligibility: Be 18+, an NZ citizen/permanent resident, or have a valid work visa.
Floating-rate, unsecured personal loans from $3,000.
Lending Crowd Personal Loan
6.45% -19.30%
2, 3 or 5 years
$350 - $650 depending on the amount borrowed
Eligibility: Be an NZ resident/citizen and have a good credit score.
Secured and unsecured personal loans from $2,000 to $200,000. 100% online with no paperwork or early repayment fees.
Nectar Unsecured Personal Loan
8.95% - 29.95%
6 months to 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 loans from $1,000 with payouts made within one day of approval. Applications entirely online.
Save My Bacon Unsecured Flex Loan
12 to 36 months
Eligibility: Be 18 or over, have an income of at least $400 per week and be a NZ citizen, permanent resident or have a valid work visa.
Medium-term unsecured loans from $2,000 to $5,000 with no hidden fees.
Gem Unsecured Personal Loan
8.99% - 24.99%
6 months to 7 years
Eligibility: Be 18+, a permanent NZ resident or hold a valid work visa allowing you to reside in New Zealand, employed and earning a stable income.
Unsecured personal loans with weekly, fortnightly or monthly repayment schedules and no early repayment fees.
Kiwibank Unsecured Personal Loan
13.95% - 18.95%
6 months to 7 years
Eligibility: Be 18+, an NZ citizen/permanent resident, and have a stable income.
Unsecured personal loans from $2,000

Compare up to 4 providers

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