Finance Direct Personal Loan

Secured loans starting from 6.45% 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.

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From 6.45%

Interest Rate (p.a.)


Max. Loan Amount


Minimum Credit Score


Product NameFinance Direct Personal Loan
Interest Rate (p.a.)From 6.45%
Min. Loan Amount$2,000
Max. Loan Amount$200,000
Loan TermUp to 60 months
Turnaround TimeWithin 24 hours
More Info

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 15%

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 from 6.45%. You may be charged a loan establishment fee of $350.

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 15%

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 6.45% 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 6.45% p.a. with 6 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 3.79% p.a.
  • Business loans. Finance Direct provides business loans for business acquisition, business cash flow, assets and machinery. Interest rates start from 6.89% 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.

Eligibility requirements

  • 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

Bottom line

Personal loans from non-bank lender Finance Direct have competitive interest rates starting at 6.45% 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

Name Product Interest Rate (p.a.) Min. Loan Amount Max. Loan Amount Loan Term Monthly Service Fee Establishment Fee
Harmoney Unsecured Personal Loan
6.99% - 19.99%
3, 5 or 7 years
Eligibility: Be an NZ resident/citizen and have a good credit score.
Apply for an unsecured personal loan up to $70,000 with no early repayment fees.
FROM 6.99%
The Co-operative Bank Unsecured Personal Loan
6.99% - 17.75%
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.

Compare up to 4 providers

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