Found the car of your dreams?
Get approval before you buy with a secured Car Loan starting from 9.95% p.a variable.* Our car loans have terms up to 5 years, you can make extra repayments and pay off the loan early with no penalty. We also charge no application fee!
Please note: There has been an update to legislation which changes how we can lend you money. For more information about these changes, click here.
Before you borrow, make sure you check out the Responsible Borrowing Code.
You are protected by responsible lending laws. Because of these protections, the recommendations given to you about our personal loans are not regulated financial advice.
This means that duties and requirements imposed on people who give financial advice do not apply to these recommendations. This includes a duty to comply with a code of conduct and a requirement to be licensed.
Personal Loan Calculator
Work out what your repayments might be before you apply for a personal loan online.
Figures shown are indicative only and may differ from your application. Interest rates vary depending on the type of security that is offered.
Check out the important stuff
*Normal lending criteria apply and T&Cs apply.
Normal floating rates range from 9.95% p.a. variable to a maximum of 18.00% p.a. variable
Minimum loan term 3 months. Maximum loan term 7 years.
No application fees and no early repayment penalties.
^Third-party fees such as credit check, credit sense, motor check, PPSR, Docusign and cloudcheck of up to $29.20 per applicant may apply. View our rates and fees here.
Note: If you get a car loan, your vehicle must be insured - either with our First Credit Union Insurance or another insurance provider. Proof of insurance must be supplied before the loan is advanced to you and First Credit Union must be noted as the Secured Interest.
Example of the total cost of a loan
When getting a loan it is important to consider the costs involved.
Here is an example of the total cost of a secured car loan:**
Borrowing $10,000 Application fee $0 Thrid party fee^ $29.90 Total $10,029.20 Total interest $2,135.70 Total amount payable $12,164.90
Over a 4 year term at 9.95% p.a variable rate, weekly repayments would be $58.50.
**Figures are an indication only and does not include loan protection insurance.
What you'll need
Find out what you need to apply! Our online personal loan application is easy and will only take around 15 minutes to complete.
First Credit Union's head office is at: 111 Collingwood Street, Hamilton, New Zealand