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MyFinance Personal Loans

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

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.

13.95% to 24.95%

Interest Rate (p.a.)


Max. Loan Amount


Minimum Credit Score


Product NameMyFinance Secured Personal Loan
Interest Rate (p.a.)13.95% to 24.95%
Min. Loan Amount$1,000
Max. Loan Amount$30,000
Loan Term6 to 48 months
Turnaround Time1 hour processing if all necessary documents are supplied during application.
More Info

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 6 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 personal loans

Data indicated here is updated regularly
Name Product Interest Rate (p.a.) Min. Loan Amount Max. Loan Amount Loan Term Monthly Service Fee Establishment Fee
The Lending People Personal Loan
6.99% - 26.99%
1 to 7 years
$0 - $10 depending on lender
$50 - $695 depending on lender
Eligibility: Be 18+, an NZ citizen or permanent resident, in employment and earning at least $500 per week.
Secured and unsecured loans of up to $75,000 from a variety of reputable lenders.
LoanSpot Secured Personal Loan
8.95% - 27.95%
12 - 60 months
$0 - $10 depending on lender
$195 - $695 depending on lender
Eligibility: Must be 18+, be an NZ citizen/permanent resident, and have an income of least $400 per week.
Secured personal loans from $3,000.
Lending Crowd Personal Loan
5.03% -19.30%
2, 3 or 5 years
$200-$1,450 depending on the amount borrowed
Eligibility: Be an 18+ NZ permanent resident, have a good credit history and collateral/security.
Secured and unsecured personal loans from $2,000 to $200,000. 100% online with no paperwork or early repayment fees.
Better® Secured Personal Loan
6.95% - 23.95%
12-60 months
$0 - $10 depending on lender
$195 - $695, depending on the lender
Eligibility: Must be 18+, be an NZ citizen/permanent resident, and have an income of least $400 per week.
Secured personal loans from $3,000.
Harmoney Unsecured Personal Loan
6.99% - 24.69%
36 to 60 months
$200-$450 depending on loan size
Eligibility: Be a NZ resident/citizen and have a good credit score.
Apply for an unsecured personal loan up to $70,000 with no early repayment fees.
Max Loans Secured Personal Loan
8.35% - 27.90%
1 - 7 years
$0 to $10 depending on lender
$195 to $1,500 depending on lender
Eligibility: Be 18+, an NZ citizen/permanent resident, and have an income of least $400 per week.
Take out a loan before 24 December 2020 and be entered into a draw to win a trip to Queenstown for 2. Ts&Cs apply.
Nectar Unsecured Personal Loan
8.95% - 29.95%
6 months to 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 loans from $1,000 with payouts made within one day of approval. Applications entirely online.

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