Lending Crowd Personal Loan

Find a personal loan for any purpose through Lending Crowd.

Lending Crowd is a service provider offering a peer-to-peer platform that connects lenders and borrowers. As a borrower, you’ll be able to source financing for a secured or unsecured personal loan of up to $200,000. If you find yourself facing a surprise expense or just needing a family trip away, you may want to consider a personal loan from Lending Crowd.

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6.45% -19.30%

Interest Rate (p.a.)


Max. Loan Amount


Minimum Credit Score


Product NameLending Crowd Personal Loan
Benefit DescriptionSecured and unsecured personal loans from $2,000 up to $200,000.
Interest Rate (p.a.)6.45% -19.30%
Min. Loan Amount$2,000
Max. Loan Amount$200,000
Loan Term2, 3 or 5 years
Turnaround Time24 hours
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Pros and cons


  • No early payment fees
  • Large range of loan sizes
  • Competitive interest rates


  • Platform fee
  • High default interest rate

Main points to consider with a Lending Crowd personal loan

You can apply for a secured or unsecured personal loan from Lending Crowd for an amount between $2,000 and $200,000. Loan terms can be set at either 2, 3 or 5 years, with fixed interest rates ranging between 6.45% -19.30% p.a. Rates are determined according to your financial situation and the security you provide (in the case of secured loans).

Features of a personal loan from Lending Crowd

  • Interest rates between 6.45% -19.30% p.a. When you apply for a loan, you will be classified with a loan grade, which is determined by assessing the loan size, length and the security provided. The loan grade will dictate the interest rate attached to your loan. Interest rates for each loan grade are readily available on the Lending Crowd website.
  • Flexible loan size. You can borrow anywhere from $2,000 to $200,000, with all amounts being rounded to the nearest $50. You will need to provide the appropriate security for larger loans, and your application will need to be financed by a lender on the platform.
  • Fast access to funds. You will need to list the loan amount you desire and wait to be funded. Loans are generally listed for seven days; however, there is a one-day listing option if you need funds fast. Once your loan is funded, you can select a day to receive the fees as long as that date is within five days of successful funding.
  • Loan terms. You can select to pay your loan over a period of 2, 3 or 5 years. This allows you the flexibility of choosing a repayment size that suits you.
  • Repayment instalment options. Repayments are calculated monthly. You can make additional payments at any time for no extra fee. Additional payments will not bring down the size of your monthly repayment, as this will be fixed, but it will shorten the length of your loan.
  • Free quote. You can go to the Lending Crowd website to get a quote for a personal loan. Getting a quote should only take a couple of minutes and is a completely anonymous process.
  • Fast online application. You can apply for a Lending Crowd Personal Loan online. The application process can be completed in eight minutes as long as you have the required documents at hand.

How much does the loan cost?

The total cost of your loan will depend on how much you wish to borrow, the term of your loan, the grade your loan receives, and if you provide security on the loan.

Extra fees attached to a loan from Lending Crowd can include the following:

  • Platform fees: $350 - $650 depending on the amount borrowed
  • Arrears management fee: Up to $40 per week
  • Overdue and dishonour fees: A 20% default interest rate will be charged plus the prevailing interest rate. The default interest is charged on the amount in arrears only.

How to apply for a Lending Crowd personal loan

You can apply for a Lending Crowd personal loan by clicking the green “Apply now” link at the bottom of this page. To be eligible, you must meet the following criteria:

  • Be a resident of New Zealand or have a valid work permit.
  • Be 18 years of age or older
  • Have a credit record in good standing

When applying for a loan, you generally need to provide the following:

  • Identification. You will need to provide a copy of your driver’s licence or passport.
  • Verification of income. You will need to demonstrate your ability to make repayments by providing bank statements.
  • Documentation for your security. If you apply for a secured loan, you will need to prove that you own the collateral you have placed against the loan, that the collateral is in good standing and that it is appropriately insured.

Bottom line

The Lending Crowd offers unsecured and secured personal loans, with flexible loan amounts. This peer-to-peer lender is a non-bank alternative with competitive interest rates (depending on your credit history and the size of the loan). Highlights include: no early repayment fee, a high lending limit and fast access to funds. If a Lending Crowd personal loan sounds right for you, click the “Apply now” button below to start your application.

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