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Oxford Finance: Vehicle, personal and business loans

If you’re looking for a personal, vehicle or business loan, Oxford Finance provides simple and affordable finance solutions.

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Oxford Finance

Part of the Turners Automotive Group, Oxford Finance helps Kiwis and SMEs with straightforward financial solutions.

This provider has three branches in New Zealand, but you can apply for a vehicle, personal or business loan and be approved online. Depending on the type of loan you need, you may be able to borrow from $2,000 up to $100,000 with interest rates ranging from 7.95% – 25.95%.

Types of loans Oxford Finance offers

Oxford Finance provides vehicle, personal and business loans.

Interest rates range from 7.95% to 25.95%. The rate that you will be offered is based on factors such as:

  • Your credit score and credit history
  • Personal profile
  • Type of security provided and its value

Additional fees may apply, including registration a caveat over a property, early repayment and modifications to your loan contract.

Vehicle loans

If you are looking to buy a new car, motorbike or motorhome, an Oxford Finance vehicle loan may be able to help you get your hands on that new set of wheels.

You can purchase a vehicle from a dealer or a private seller, but the vehicle must be insured for theft and accidental damage at a minimum.

Personal loans

A personal loan from Oxford Finance can provide much-needed funds for anything from booking in that dream holiday to consolidating debt.

Business loans

Whether you are looking for lease finance, property finance, working capital or funds for business equipment or stock, an Oxford Finance business loan can provide you with up to $100,000. Applications are welcome from sole traders and start-ups.

Features and benefits of an Oxford Finance loan

  • Simple application. Applying for an Oxford Finance loan is a simple process.
  • Flexible payments. With an Oxford Finance loan, you can choose a repayment schedule to suit. Weekly, fortnightly or monthly options are available.
  • Loan terms. Loan terms range from 12-60 months. You can pay the loan off sooner if you are able to, but be aware that you may be charged early settlement fees.
  • Security. Security for your Oxford Finance loan can be a car, boat or property, or a third party guarantee may be possible for business loans.
  • Pre-approval. If you haven’t found the vehicle or boat that you want yet, you can apply for pre-approval so that you can shop with confidence. Pre-approvals are valid for 14 days.
  • Fee transparency. Oxford Finance provides a schedule of fees on its website so you can understand what charges you may be subject to.

How much does the loan cost?

When looking at the total cost of an Oxford Finance loan, both interest rate and fees need to be taken into consideration.

Some of the fees you may incur include:

  • Loan establishment fee
  • Early settlement fee
  • Account maintenance fee
  • Late payment fee
  • Default interest charges

What other products does Oxford Finance offer?

As well as personal, vehicle and business loans, Oxford Finance also provides insurance products including:

  • Car insurance
  • Mechanical breakdown insurance
  • Payment protection insurance
  • Guaranteed asset protection
  • Payment waiver

Payment waiver can be taken out at an additional cost to your premium and will clear the balance of your loan in certain situations such as terminal illness, redundancy or death.

How to apply for a loan from Oxford Finance

To apply for a loan you can either contact Oxford Finance by phone or apply online. By applying online, you can get an idea of what your repayments will be by using the loan calculator to choose the loan value and loan term.

  • Be at least 23 years of age
  • Be a New Zealand citizen or resident
  • Be receiving an income

If you are not 23 years old, you may apply for a loan with a parent co-borrower.

Business loans generally require a guarantor in order to be approved.

Information and documentation

When you apply, you will need to provide the following information and documentation:

  • What income you receive
  • Regular expenses such as rent/mortgage, utility bills, insurance
  • Credit history
  • Details of what you will be using as security for the loan
  • Photo ID
  • Proof of address

Once Oxford Finance has received your application, you will find out if your loan has been approved within one business day.

Compare alternative personal loans

Name Product Interest Rate (p.a.) Min. Loan Amount Max. Loan Amount Loan Term Monthly Service Fee Establishment Fee
100% ONLINE
The Lending People Personal Loan
6.95% - 26.95%
$2,000
$75,000
1 to 7 years
$0 - $10 depending on lender
$50 to $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.
Harmoney Unsecured Personal Loan
6.99% - 19.99%
$2,000
$70,000
3 or 5 years
$0
$200-$350 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.
FROM 6.99%
The Co-operative Bank Unsecured Personal Loan
6.99% - 19.99%
$3,000
$50,000
6 months to 5 years
$0
$200
Eligibility: Be 18+, an NZ citizen/permanent resident, or have a valid work visa.
Floating-rate, unsecured personal loans from $3,000.
Lending Crowd Personal Loan
5.03% -19.30%
$2,000
$200,000
2, 3 or 5 years
$0
$200 - $1,450 depending on the amount borrowed
Eligibility: Be a NZ resident/citizen and have a good credit score.
Secured and unsecured personal loans from $2,000 to $200,000. 100% online with no paperwork or early repayment fees.
Nectar Unsecured Personal Loan
8.95% - 29.95%
$1,000
$25,000
6 months to 4 years
$0
$240
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.
Save My Bacon Unsecured Flex Loan
49.95%
$1,000
$5,000
8 - 52 weeks
$4
$50
Eligibility: Be 18 or over, have an income of at least $400 per week and be a NZ citizen, permanent resident or have a valid work visa.
Medium-term unsecured loans from $1,000 to $5,000 with no hidden fees.
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