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Pronto Finance Personal Loan Review

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If you're approved for a loan, you could be paid in as little as nine minutes.

Online-only lender Pronto Finance offers personal loans to a range of eligible applicants across New Zealand. If you’re with a major bank, you could be paid an agreed loan in less than 10 minutes. What’s more, this provider has some competitive rates of interest for borrowers.

Read on to find out what you need to know about Pronto Finance.

11.97% - 29.97%

Interest Rate (p.a.)


Max. Loan Amount


Minimum Credit Score

About Pronto Finance’s personal loans

Pronto Finance’s personal loans are suitable for a range of different purposes. You’ll have to repay your loan from them just as you would with any other loans. You can commit to repaying your loan each week, fortnight or month. There’s no charge for repaying your loan early, and you will get a personalised interest rate that depends your circumstances.

Features of a Pronto Finance personal loans

A personal loan from Pronto Finance comes with the following important features:

  • No penalty for early repayment. You won’t be penalised if you repay your loan early. So, you can reduce the interest charges on your loan by paying more than your regular instalments or by repaying your entire loan early.
  • Personalised rate of interest. The rate you are offered on your Pronto Finance personal loan is tailored to your individual ability to repay, and your individual credit risk profile.
  • Payment Protection Insurance. Pronto Finance will offer you this short-term income protection as an option. This could cover you for a loan payment if you lose your job or you’re unable to work due to an illness or accident. However, there is no obligation to take this out.
  • Flexible loan amount. Loans from Pronto Finance are suited to different borrowing requirements, with the minimum loan amount starting at only $200. You can also borrow for large purchases, with loans capped to a maximum of $20,000.
  • Paperless sign-up process. Pronto Finance lets you digitally sign your contract online using your smartphone or computer. You could benefit from a smoother loan application when compared to traditional banks.

How to apply for a personal loan from Pronto Finance

It’s easy to apply for a loan with Pronto Finance through their website. But before doing so it’s very important that you read and understand all of the fees and charges which are included with a loan before you make an application.

Eligibility requirements

  • Age. You’ll need to be at least 18 years of age.
  • Residency. Only residents of New Zealand can apply.
  • Income requirement. There is no explicit minimum income requirement, but Pronto Finance will evaluate your income level as it decides whether you are able to afford a personal loan.
  • Credit check. Pronto Finance will run a credit check on all of its loan applications. You’ll only be considered for a personal loan if you’ve shown you’ve managed credit responsibly in the past.

Necessary documents and information

  • ID.You’ll need valid photo ID, such as a passport or driver’s licence, to be eligible for Pronto Finance’s loans (18+ cards are not accepted).
  • Income verification. You’ll need to verify your income by showing a bank statement with your last 90 days of transactions.
  • Loan security. As Pronto Finance offers secured loans, they will require you to have a vehicle with a current WoF and registration. It also can’t have any money owing on it. Your vehicle will be used to guarantee the loan.

Frequently asked questions

Pronto Finance is registered with the Registrar of Financial Service Providers. Their registration number is FSP417766.

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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