Personal Loans
Personal loans starting from 10.95% p.a variable*
Low rates. No hidden fees.
We love not being a bank, it means we can offer you low interest, personal loans with no application fees!
Get on top of debt, purchase a new car, or make your dream holiday a reality - we can tailor our personal loans to suit your budget.
Apply online with our simple personal loan application. Click here to see a quick video about our online loan application process.
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.
Start your application today!
IMPORTANT - 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.
Important Information
*Normal lending criteria apply and T&Cs apply.
Normal floating rates range from 10.95% p.a. variable to a maximum of 18.00% p.a. variable
Minimum loan term 3 months. Maximum loan term 7 years.
No application fee and no early repayment penalties.
^Third-party fees such as credit check, credit sense, motor check, PPSR, Docusign and cloudcheck of up to $29.90 per applicant may apply. View our rates and fees here.
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 |
| Third party fee^ | $29.90 |
| Total | $10,029.90 |
| Total interest | $2,393.94 |
| Total amount payable | $12,423.84 |
Over a 4 year term at 10.95% p.a variable rate, weekly repayments would be $59.73.
**Figures are an indication only and does not include loan protection insurance.
^Third party fees of up to $29.90 for Credit Check, Credit Sense, Motor Check, PPSR, Docusign and Cloudcheck per applicant may apply.
First Credit Union's head office is at: 111 Collingwood Street, Hamilton, New Zealand