QuickLoans Car Loan Review

QuickLoans offers secured car loans from $1,000 to $20,000.

If you apply for a QuickLoans car loan during business hours, you could get your loan application assessed in 60 minutes or less.

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9.95% - 23.95%

Interest Rate (p.a.)


Max. Loan Amount


Product NameQuickLoans Car Loan
Interest Rate (p.a.)9.95% - 23.95%
Min. Loan Amount$1,000
Max. Loan Amount$20,000
Loan SecuritySecured
Loan TermUp to 5 years
Turnaround Time60 min. response time
More Info

Pros and cons


  • Low minimum loan amount of $1,000
  • Loans are available for a wide range of vehicles
  • No early repayment fee


  • Loans require an asset as collateral
  • $12 per month administration fee
  • Establishment fee of $95 - $595 depending on loan size

Main points to consider with a QuickLoans Car Loan

QuickLoans offers secured loans from $1,000 up to $20,000 for terms from 6 months to 5 years. Car loans from QuickLoans have annual interest rates of 9.95% - 23.95%.

To apply for a QuickLoans Car Loan, you will usually need to use the car you’re purchasing as collateral but you can also use other assets you or your guarantor own.

Features of a car loan from QuickLoans

  • Interest rates from 9.95% - 23.95%. Specific interest rates vary depending on your collateral and individual financial circumstances.
  • Flexible loan limits. You could take out a loan from $1,000 to $20,000, depending on your current income and expenses.
  • Flexible loan terms. Loan terms range from 6 months to 5 years. Keep in mind, loan terms of five years are only available for those using land or property as collateral.
  • Flexible repayments. You can repay your loan in weekly, fortnightly or monthly repayments.
  • Free early repayments. There are no additional fees if you choose to repay your loan early.

How much does the loan cost?

The total cost of your loan depends on how much you borrow, your loan term and your financial circumstances.

The following fees may apply to your QuickLoans loan:

  • Establishment fee of $95 - $595 depending on loan size.
  • Administration fee of $12 per month will be added to your loan to cover administrative costs.
  • Security variation fee of up to $150 applies if you want to change the collateral on an existing loan.
  • Loan withdrawal or variation fee ranges from $95 - $250 per additional advance.
  • Refund fee of up to $50.
  • Additional statement fee of $10 per additional statement.
  • Default fees may apply if you’re unable to make your repayments, default fees and other default-related charges may apply.
  • Collateral inspection and mortgage fees may apply if you use property as collateral for your loan.

How to apply for a QuickLoans Car Loan

To apply for a QuickLoans loan, click on “Apply Now” on their website to start the application process. To be eligible you must, at a minimum:

  • Be 21 years and over or have a guarantor that is.
  • Be a New Zealand citizen or a permanent resident or have a guarantor that is.
  • Not be bankrupt or have recently filed a NAP.

When applying for a QuickLoans loan you’ll need to provide:

  • Proof of income. You will be asked to provide bank statements or a recent payslip.
  • Proof of address. This can be in the form of a recent utility bill.
  • Proof of identification. You must prove your age, residency and identity with a valid passport or driver’s licence.

Bottom line

QuickLoans offers secured car loans with flexible loan limits, terms up to 5 years and bad credit options. Any loan amount borrowed will need to be secured with collateral. Be sure to read the fine print so you know exactly how much this car loan will cost you in total, and compare your options.

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Name Product Interest Rate (p.a.) Min. Loan Amount Max. Loan Amount Loan Term Establishment Fee
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The Co-operative Bank Unsecured Personal Loan
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6.95% - 19.95%
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CarFinance2U Car Loan
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Nectar Unsecured Car Loan
8.95% - 29.95%
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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 car loans from $1,000 with payouts made within one day of approval. Applications entirely online.

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