Kiwi Car Loans review

Borrow up to $500,000 for your new vehicle, caravan, boat or motorcycle with secured or unsecured finance from Kiwi Car Loans.

Kiwi Car Loans has been providing vehicle finance to New Zealanders since 2013. Acting as a broker rather than a traditional lender, this provider compares finance deals from a large range of lenders to get you the best option to suit your needs.

As well as car finance, Kiwi Car Loans also provides loans for caravans, jet skis, boats, trailers and motorbikes.

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6.5% - 20%

Interest Rate (p.a.)


Max. Loan Amount


Product NameKiwi Car Loans Secured Loan
Benefit Description100% online secured car loans from $5,000
Interest Rate (p.a.)6.5% - 20%
Min. Loan Amount$5,000
Max. Loan Amount$500,000
Loan SecuritySecured
Loan Term1 to 7 years
More Info

Pros and cons


  • Apply online and get approved any day of the week
  • Access to a large range of finance options
  • Reputable lenders
  • Fast approvals
  • 100% online process
  • Loan and car insurance can be arranged


  • You won’t know the total cost of your loan until you apply
  • Interest rates can be as high depending on the lender
  • Establishment fee higher for large loans

Main points to consider

Kiwi Car Loans does not provide loans directly, but works with a range of lenders to find the right car finance to suit your individual circumstances. This takes the hassle out of researching and applying to different providers, and the possibility of having multiple applications affecting your credit report. You may also get access to deals that are not available to the general public.

You can apply for a secured or unsecured loan, but having an asset to use as collateral means that you’ll receive a lower interest rate for your finance. You may be able to use your new car purchase as security.

The whole process including application, document verification and contract signing is done completely online, so you can secure the finance you need without leaving home or the office. If you prefer to do things in person, you can visit a branch to talk to a consultant face-to-face.

Kiwi Car Loans can also arrange various kinds of insurance that you might need for your loan or new vehicle purchase. These include comprehensive car insurance, short fall insurance and payment protection insurance.

Features of Kiwi Car Loan finance

  • Loan amount and terms. You can borrow between $5,000 and $500,000 for your new vehicle with a loan term of between 1 year and 7 years.
  • Interest rates. Interest rates start at 6.5% p.a. for secured loans. The maximum rate is 20% p.a.
  • Daily approvals. Kiwi Car Loans is operational seven days a week so you can get approved if you apply on the weekend without having to wait for the next business day.
  • Flexible repayments. You can choose to make your repayments weekly or monthly depending on when you receive your income.

How much does the loan cost?

You can use the loan calculator on the Kiwi Car Loans website to get an indication of how much your loan will cost based on different loan amounts, interest rates and repayment frequency.

For example, a $20,000 loan over 3 years at an interest rate of 13.5% p.a will have weekly repayments of $156. A $5,000 loan over 3 years with an interest rate of 9.5% p.a. will have weekly repayments of $37.

Bear in mind that the information from the calculator should only be used as an estimate. The total cost of your loan will depend on the terms agreed and the interest rate assigned to you by the lender.

An establishment fee is charged on all loans. This figure can range between $195 and $995 depending on how much you borrow and the lender that Kiwi Car Loans matches you with.

How to apply for a loan from Kiwi Car Loans

If you have compared your car finance options and want to apply with Kiwi Car Loans, just click on the ‘APPLY NOW’ button on the top right corner of Kiwi Car Loans’ website. You’ll be asked to fill in your personal information and details about your employment and finances, so make sure that you meet the eligibility criteria and have the appropriate documentation before you start.

If you’re not ready to apply just yet, you can get a quote by providing a few details and the amount you want to borrow.

Eligibility requirements

  • Be at least 18 years of age
  • Be a New Zealand citizen, permanent resident or hold a valid visa
  • Have a regular income
  • Have a NZ driver’s licence

Information and documentation

  • A valid New Zealand driver’s licence
  • Proof of address – a utility bill, bank statement, insurance policy letter or government letter
  • A bank statement that is less than 30 days old

Bottom line

Kiwi Car Loans does the legwork for you. They have access to a number of reputable lenders, so all you have to do is choose a suitable secured or unsecured loan. Interest rates, loan terms and fees, vary depending on the lender. Kiwi Car Loans can source finance for a range of other vehicles, including caravans, jet skis, boats and motorbikes.

Compare car finance

Name Product Interest Rate (p.a.) Min. Loan Amount Max. Loan Amount Loan Term Establishment Fee
Simplify Secured Car Loan
6.50% - 12.95%
12 - 60 months
$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.
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 Secured Car Loan
6.45% - 17.23%
3 or 5 years
$350 - $650 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.
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.
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.
Stadium Finance Secured Vehicle Loan
8.95% - 19.95%
Up to 60 months
Eligibility: Must be 18+ and must have disposable income of $300 per week
Secured loans from $3,000 and funds paid within one day of approval.

Compare up to 4 providers

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