MyFinance Personal Loans

With loans starting from just $1,000, you’ll get treated like a real person when you apply for a MyFinance personal loan.

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Offering fast approval times and competitive rates, MyFinance prides itself on treating customers like real people without the muck around or third degree. This provider is based in Auckland but lends to Kiwis all around the country, with applications completed online and friendly phone service during the processing of your loan.

Whether you are looking for a loan for personal reasons, a new car or to consolidate your debts, MyFinance strives to make your experience smooth, fast and stress-free.

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.

Types of personal loans from MyFinance

  • Personal loans. You can take out a MyFinance personal loan for a number of reasons. You may be planning a dream holiday, needing to pay for school fees, organising a wedding or starting some home renovations.
  • Car finance. MyFinance provides loans of up to $50,000 for the purchase of cars, boats, campervans and motorcycles. You can choose your new vehicle first before applying for a loan, or get pre-approval before you start shopping.
  • Debt consolidation. If you’re having trouble keeping track of different repayments for credit cards, hire purchases or loans, you can consolidate your debts with a MyFinance loan. This allows you to take charge of your finances with only one provider, one payment schedule to worry about, and often less fees and interest.

Features of a MyFinance personal loan

Personal loans from MyFinance can be a flexible option for managing your finance. Here are the main features of a MyFinance personal loan.

  • Fuss-free finance. Most loans are processed within one hour and funds sent to your account quickly.
  • Transparency in fees. All possible fees are listed on the MyFinance website so you can understand all administration costs and what you might be charged if you default on your payments.
  • Competitive interest rates. Once your application has been approved, you will be offered the most competitive interest rate based on your individual circumstances.
  • Flexible payment options. Choose a loan term between 3 months and 4 years and either weekly, fortnightly or monthly repayments to tie in with when you receive your salary or wages.
  • Bad credit applicants welcome. MyFinance understands that not everyone has a perfect credit history. You are still welcome to apply and your application will be strengthened if you are able to provide a guarantor or co-borrower.
  • Loan security. You can use property, vehicles or boats to secure your loan.

How to apply for a loan from MyFinance

If you are ready to apply for a personal loan, make sure to check the MyFinance terms against other comparable lenders and that you are able to provide the requested information and documentation. You can complete the application form on the MyFinance website and one of the loan managers will contact you regarding the next steps.

Eligibility requirements

To be eligible for a MyFinance personal loan you must be at least 18 years old and a New Zealand resident. If you are applying for vehicle finance, you will need to hold a restricted or full New Zealand driver’s licence.

Information and documentation

When you complete the online application you will be asked for the following:

  • Personal and contact details
  • Driver’s licence type and number
  • Relationship status
  • How long you have lived at your address
  • Employment and income information
  • Whether you own a car or home
  • Any additional information to support your application

When a MyFinance loan manager contacts you to discuss your application, you will be asked to provide documentation to verify who you are and your income.

Compare alternative personal loans in New Zealand

Updated April 1st, 2020
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%
$2,000
$50,000
Up to 60 months
N/A
$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.
Pronto Secured Personal Loan
11.97% - 29.97%
$200
$20,000
Up to 60 months
N/A
N/A
Secured personal loans of up to $20,000 with approvals in under 10 minutes. Eligibility: Be an 18+ and a resident of New Zealand.
Nectar Personal Loan
8.95% - 29.95%
$1,000
$20,000
Up to 4 years
N/A
240
Unsecured loans from $1,000 with payouts made within one day of approval. Applications entirely online. Eligibility: Must be 18+, an NZ citizen or permanent resident, and have an income of $350 per week or more (after tax).
NZCU South Personal Loan (Unsecured)
10.90% – 28.90%
$2,000
$60,000
Up to 7 years
N/A
$250
An unsecured personal loan up to $60,000 with personalised repayment options. Eligibility: Be an 18+ permanent NZ resident or non-resident on a working visa, earn $500+ weekly.
Lending Crowd Personal Loan
6.49%-16.78%
$2,000
$200,000
3 or 5 years
N/A
$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 (Secured)
8.90% - 27.90%
$2,000
$60,000
Up to 7 years
N/A
$250
A secured personal loan up to $60,000 with personalised repayment options. Eligibility: Be an 18+ permanent NZ resident or non-resident on a working visa, earn $500+ weekly.
Admiral Finance Secured Personal Loan
13.95% - 23.95%
$1,000
$50,000
Up to 60 months
N/A
$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%
$1,000
$20,000
Up to 36 months
$12
$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.
Stadium Finance Personal Loan
9.95% - 19.95%
$3,000
$100,000
Up to 60 months
N/A
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.
ANZ Personal Loan
13.90%
$3,000
$40,000
Up to 7 years
N/A
$115
BNZ Advanced Personal Loan
12.65% (students/graduates) - 17.85% (standard)
$1,000
$30,000
Up to 5 years
N/A
$50
Kiwibank Personal Loan
13.95% - 18.95%
$2,000
N/A
Up to 7 years
N/A
$240, $0 for Graduate Pack customers
Loan Spot Personal Loan
9.95% - 24.95%
$3,000
N/A
1-5 years
N/A
$276
Personal loans at fixed interest rates starting from 9.95% p.a and get funded within 48 hours.

Compare up to 4 providers

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