BNZ Personal Loans

With loan terms of 3 months to 5 years and flexible repayments, existing personal banking customers can apply for a BNZ personal loan

Updated

BNZ

With over 150 years of providing financial services to Kiwis, BNZ is one of New Zealand’s most well-known banks. As well as winning numerous awards for different areas of its business, It has a ‘more than just banking’ mantra, which is evident in the work that it does to support communities, charities and organisations.

You can apply for a personal loan if you’re an existing BNZ customer, and if you’re not, you may be interested in making the switch from your current bank. Read on to find out more about what a BNZ personal loan has to offer.

Finder NZ does not currently have access to this personal loan. Please review the loan details, application criteria and terms and conditions on the lender website if you are considering applying for this loan.

Compare personal loans from BNZ

Name Product Interest Rate (p.a.) Min. Loan Amount Max. Loan Amount Loan Term Monthly Service Fee Application Fee
BNZ Advanced Personal Loan
12.65% (students/graduates) - 17.85% (standard)
$1,000
$30,000
3 months to 5 years
N/A
$50
loading

Compare up to 4 providers

Features and benefits of a BNZ loan

  • Flexible repayments. You won’t be penalised for making additional payments on your loan. If you have some extra cash in some months, transfer it to your loan so you can pay it off faster without early repayment fees.
  • Choose a term to suit. With loan terms ranging from 3 months to 5 years, you can decide what suits your financial situation best.
  • Manage your loan online. You can view your BNZ personal loan balance through internet banking and make repayments at any time.
  • Top up your loan. If you need some extra money, you can apply to top up your loan either by phone or in a BNZ branch.
  • Instant access to money. BNZ customers will get instant access to their money once the loan has been approved, or draw down within 21 days.
  • Student and graduate special benefits. If you are a student, recent graduate or apprentice, you’ll enjoy the special interest rate of and the loan facility fee will be waived.
  • Financial hardship variation. You can apply for hardship variation if at some point during your loan term you are having trouble meeting your payments due to factors such as loss of employment, illness or injury. If approved, BNZ will either postpone your payment obligations or reduce your payments by extending the loan term.

What can I use a BNZ personal loan for?

  • Debt consolidation. BNZ personal loans can be used to consolidate debt that you have with different providers including credit cards, overdrafts, car loans and hire purchases. By consolidating these debts together you can have better control over your finances, only one repayment to worry about and you may end up saving money in interest and fees.
  • Vehicle finance. By getting pre-approved for a BNZ personal loan, you can have confidence when shopping for your next vehicle.
  • Home improvements. Use your BNZ personal loan to make renovations on your home.
  • Other purchases and payments. You may also take out a loan to pay for a dream holiday, pay for medical costs or education fees, or for other purchases like new furniture.

How to apply for a loan from BNZ

Before you decide that a BNZ personal loan is right for you, compare the rates and terms against other lenders. If you are ready to apply, check that you meet the eligibility and documentation requirements below. BNZ doesn’t allow you to apply for a loan online, but you can either call 0800 800 667 or make an appointment at your local branch to start your application.

Eligibility requirements

  • You need to be at least 18 years or over
  • Only existing BNZ personal banking customers are eligible for a personal loan
  • You must be a New Zealand resident
  • You must be able to pass a credit check

Information and documentation

  • Identification. You will need to show BNZ proof of identification such as a passport or driver’s license.
  • Income details. You will need to provide details of your employment and the income you receive.
  • Expenses and debts. So that BNZ can decide if you are able to meet your loan repayments, you will need to outline your monthly financial commitments including your rent or mortgage, expenses, bills and debt payments.

What other products does BNZ offer?

  • Everyday banking. Transactional accounts with a Visa debit card and savings accounts with bonus interest.
  • Home loans. Whether you are a property investor or first-home buyer, BNZ has a range of mortgage options.
  • Credit cards. Choose between a low-rate card to save on interest or a rewards card to earn Fly Buys points or cash rewards when you spend.
  • Investments. Put your savings into a term deposit or managed fund to gain interest over a term that suits you.
  • Insurance. BNZ provides insurance policies for health, life, travel, vehicle, boat, home and contents.
  • International. Manage your foreign currency in a call account or term deposit.

Read more on this topic

  • ANZ Personal Loans With the ability to borrow up to $40,000 for a loan term of up to 7 years, ANZ personal loans are worth considering for debt consolidation, vehicle finance or a dream holiday.
  • Kiwibank Personal Loans When you take out a Kiwibank personal loan, all profits stay in New Zealand. Find out more about interest rates, loan terms and features.
  • Nectar Personal Loans Find out how you can get instant approval and funds in your account the same day with an unsecured Nectar personal loan.
  • Pronto Finance Personal Loan Review If you're approved for a loan, you could be paid in as little as nine minutes.
  • Loans for people on a pension Receiving a pension shouldn't stop you from getting a loan. Find out what loan options you have whether you're using Kiwisaver or getting NZ Super.
  • Compare dental loans If you don't have the money to pay for the dentist, why not consider a dental loan? Read this guide to find out what options you have to cover the costs of dental work, including surgery, and what lenders are available.
  • Compare financing options for legal fees Discover nine different ways to finance your legal fees and common costs to expect.
  • Personal loan fees explained We break down exactly what a lender could charge you for, how much you could expect to pay and which fees you can avoid altogether.
  • Understanding annual percentage rates on personal loans Learn how APRs on personal loans work and what you could expect to pay with good, fair or bad credit.
  • Compare relocation loans Get financing to cover your moving expenses and learn more about common relocation costs.
Go to site