Finance Direct Personal Loan
Secured loans starting from 5.03% p.a. from a Kiwi lender
Finance Direct has over 20 years’ experience in providing loans to New Zealanders. As well as being a non-bank lender, Finance Direct launched the peer-to-peer platform Lending Crowd in 2015.
This provider offers loans for personal, auto and debt consolidation use and aims to keep the loan process as simple as possible for its customers.
5.03% - 24.95%
Interest Rate (p.a.)
Max. Loan Amount
Minimum Credit Score
Pros and cons
- Fixed interest rates
- Can borrow up to $200,000
- Simple application process
- High loan establishment fee
- Monthly administration fee
- Default interest at current rate, plus 10%
Features and benefits of a Finance Direct loan
- Secured loans. All Finance Direct loans require either full or partial security with a home, property or boat.
- Options for bad credit. If you have bad credit, it still might be possible to get approved with a higher interest rate and guarantor.
- Fixed interest rate. The rate you are given when you sign your loan agreement will not change over the course of your loan term.
- Loans for self-employed. If you are self-employed, Finance Direct may be able to help you get the finance that you need.
How much does a Finance Direct personal loan cost?
If you apply for a secured personal loan, you will be given a fixed interest rate between 5.03% and 24.95%. You may be charged a loan establishment fee between $250 and $1450 depending on the size of the loan.
Other fees you may incur include:
- A $5 monthly administration fee
- An early repayment fee
- Various default fees and collections
- Default interest at current rate plus 10%
Types of loans Finance Direct offers
- Personal loans. A Finance Direct Personal Loan comes with flexible financing terms and a fixed interest rate starting from 5.03% p.a. You can use a personal loan for debt consolidation, unpaid bills, a dream holiday or something else.
- Auto loans. An auto loan from Finance Direct can be used to purchase a new car, truck, boat or motorcycle from a dealer or private seller. Interest rates start at 5.03% p.a. with six to 60 month loan terms.
- Property loans. If you are self-employed, it can be difficult to meet normal bank lending criteria for a mortgage. Finance Direct offers low-doc home loans with competitive low-interest rates starting from 2.49% p.a.
- Business loans. Finance Direct provides business loans for business acquisition, business cash flow, assets and machinery. Interest rates start from 5.28% p.a. with loan terms of up to 60 months. Repayments can be tailored to meet your business requirements with business assets used as security.
How to apply for a loan from Finance Direct
Before applying for a Finance Direct Personal Loan, make sure that you meet the eligibility requirements and have checked the rates and fees against other comparable lenders. When you are ready to start, you can fill in an application form on the Finance Direct website.
- Be at least 18 years of age
- Be a New Zealand citizen or permanent resident
Information and documentation
As Finance Direct accepts loan applications from people that are self-employed or have bad credit, the documents that you will need to supply can vary. As a starting point, you can expect to be asked for:
- Valid photo ID: Passport or driver’s license
- Proof of address: A recent utility bill, bank statement or government letter
- Proof of income: Bank statements and/or payslips
Personal loans from non-bank lender Finance Direct have competitive interest rates starting at 5.03% p.a. You can use the loan to purchase a car, debt consolidation, a holiday or something else. Finance Direct accepts applications from self-employed, low-doc and bad credit applications. For more options you can compare other lenders in the table below, to decide which loan is right for you.
Compare personal loans
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.