Joint application personal loans

Improve your chances of being approved and share equal responsibility for your loan.


Applying for a personal loan as part of a joint application can help you increase your eligibility for a personal loan, especially if you’re looking to score a good interest rate or a larger loan amount. It’s also a way for you and your partner to assume equal financial responsibility for a large purchase. Just make sure you know how they work before you agree to borrow.

Harmoney Unsecured Personal Loan

Harmoney Unsecured Personal Loan


6.99 % p.a.


  • Borrow from $2,000
  • 100% online
Security Logo

100% confidential application

Harmoney Unsecured Personal Loan

Apply today to get approved within minutes for up to $50,000.

  • Max. loan amount: $50,000
  • Loan term: 36 to 60 months
  • Turnaround time: 99% of approved online applications funded in 24 hours
  • Fees: Establishment fee of $200 for loans from $2,000-$5,000 and $450 for loans from $5,000-$50,000
  • No early repayment fees
  • Personalised interest rates based on your circumstances
Go to site

Compare lenders that allow joint applications

Name Product Interest Rate (p.a.) Min. Loan Amount Max. Loan Amount Loan Term Monthly Service Fee Application Fee
Harmoney Unsecured Personal Loan
6.99% - 29.99%
36 to 60 months
$200-$450 depending on loan size
Apply for an unsecured personal loan up to $50,000 with no early repayment fees. Eligibility: Be a NZ resident/citizen and have a good credit score.
Lending Crowd Personal Loan
3 or 5 years
$250-$1,450 depending on the amount borrowed
A secured personal loan from $2,000 to $200,000 with repayment instalment options. Eligibility: Be an 18+ NZ permanent resident, earn $30,000 or more, have a good credit history and collateral/security.
NZCU South Personal Loan (Unsecured)
10.90% – 28.90%
Up to 7 years
An unsecured personal loan up to $20,000 with personalised repayment options. Eligibility: Be an 18+ permanent NZ resident or non-resident on a working visa, earn $500+ weekly.
NZCU South Personal Loan (Secured)
9.90% - 28.90%
Up to 7 years
A secured personal loan up to $20,000 with personalised repayment options. Eligibility: Be an 18+ permanent NZ resident or non-resident on a working visa, earn $500+ weekly.
Stadium Finance Personal Loan
9.95% - 19.95%
12 to 60 months
Varies with lender
Stadium Finance negotiates loan terms with a network of lenders. Borrow between $3,000 to $100,000 and funds paid within one day of approval. Eligibility: Must be 18+. Other requirements depend specific lender.
Admiral Finance Secured Personal Loan
13.95% - 23.95%
6 to 60 months
$125-$595 depending on loan size
A secured loan from $1,000 to $50,000 with a quick online application process. Eligibility: Be an 18+ permanent NZ resident, have collateral/security, earn at least $450 per week.
QuickLoans Personal Loan
9.95% - 23.95%
6 to 60 months
$95-$595 depending on loan size
Borrow up to $20,000 and apply online within 5 minutes. Eligibility: Be over 18, hold permanent NZ residency, have collateral/security, earn at least $450 per week.

Compare up to 4 providers

4 ways joint application personal loans are different

Although applying jointly is similar to applying individually, there are a few things to consider before you start your application.

  1. If you are approved, you assume equal responsibility for the loan with the person with whom you are applying. This means if either one of you becomes unable to repay their part of the debt, the other is still responsible for the repayments.
  2. Both applicants need to meet the criteria for the personal loan.
  3. You may be eligible for a higher loan amount by submitting a joint personal loan application. However, it is important not to take on more of a loan than you need or can afford, even if you are approved.
  4. Joint personal loans are a serious responsibility. Consider the relationship you have with the person you’re applying with and their financial situation. Is their job stable? What is the state of their credit history? Are they likely to default? These are the things you need to think about when taking on the responsibility of a loan.

What are the benefits of applying with another person?

These loans are an option for several reasons, and they provide a variety of benefits. Here are some of the features:

  • Increase your chances of approval. If you are on a lower income, self-employed or just want to bolster your application, a joint personal loan can be a way to do it. The details of both applicants are considered by the lender.
  • Share an asset. If you are planning to share the asset, such as buying a car with your partner, a joint application could make more sense than just one of you applying . Consider your own personal situation to decide what works best for you.
  • Be eligible for a larger loan. You may be eligible for a larger loan if you apply with a partner. As you both agree to manage the repayments, the lender considers the income and financial situation of both applicants when deciding how much money to lend.
  • Consolidate large debts. If you and your partner have a large amount of debt separately, you can both save by applying for a joint, debt consolidation personal loan. Split the monthly repayments according to how much debt you contributed to the loan and benefit from the reduced interest and fees.

How to apply for a joint personal loan

You and the person you are applying with need to provide personal, employment and financial details as part of the application. This may be done in one application or separate sections. The lender considers the application details as a whole, while considering both your eligibilities for the loan.

Before you apply for a loan, consider who you are entering into an agreement with; both yours and their ability to manage the loan, and whether you’re taking on the right loan for the both of you.

Other types of loans

Not sure if a joint application personal loan is right for you? It pays to do your research. Check out some other personal loans types that you could consider.

Frequently asked questions

Go to site