Personal Loans

Low rates. No hidden fees.

Personal loans starting from 9.95% p.a variable*

We love not being a bank, that means we can offer you low interest, no application fee personal loans!

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.

If you took out a loan of $10,000 over a 7-year term at the great rate of 9.95% p.a variable. your weekly repayments could start from $38!*

Apply online with our simple personal loan application that takes about 15 minutes to complete.



Start your application now!


FAQ Loan Questions
  • Am I eligible for a First Credit Union Personal Loan?

    If you are a New Zealand citizen and over 18 years old, you can apply to borrow any amount over $500.

    First Credit union's lending criteria, terms and conditions apply.

  • How much can I borrow? What will the repayments be?

    You can apply to borrow any amount over $500. The amount we approve will be subject to your financial circumstances meeting our lending criteria. Use our loan calculator to get an indication of what repayments for the amount you are wanting to borrow look like. 

  • Can I get a personal loan if I’m not a First Credit Union member?

    Absolutely! You don’t need to be a member of First Credit Union to apply for a personal loan. You can apply online or by visiting one of our branches. If you get a personal loan from First Credit Union you will become a member and can benefit from all the products and services we offer.

  • Can I extend my Personal Loan?

    Yes you can, subject to your financial circumstances meeting our normal lending criteria.

    The application process for extending your personal loan is the same as a new loan and you will need to fill out the loan application form again. You can apply online or by visiting one of our branches.

    First Credit Unions lending criteria, terms and conditions apply.

  • Will I be penalised for early repayment?

    No. We don’t charge any early repayments fees.

    You can also make extra payments to your loan and you won’t be penalised.

  • What can I use my First Credit Union personal loan for?

    It’s up to you! We lend for a number of purposes. We can structure a loan to meet your needs. Get the new car, take that trip, consolidate your debts or simply get some extra cash, we’re here to help.

  • What fees will I pay?

    First Credit Union doesn’t charge any loan application fees, however, third-party fees such as credit check, vehicle check and registering security over a vehicle of $9.95 to a maximum of $30.75 will apply. View our rates and fees here.

  • What happens if I miss a repayment?

    The team at First Credit Union are here to help. We understand that sometimes things go wrong and not to plan.

    If you have missed a loan repayment it is important that you give us a call or visit your nearest branch as soon as possible.

    Our team will work with you to get everything back on track, so the sooner you contact us the better.

  • What form of ID do I need to apply for a First Credit Union Personal Loan?

    If your personal loan is approved we will need to see some photo ID, such as a passport. If you are not a member we will also need proof of your current physical address such as a bank statement or utility bill addressed to you. Please check out our full list of ID requirements.

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Important Information


*Normal lending criteria apply and T&Cs apply.  View our rates and fees hereFigures are an indication only for a $10,000 loan at 9.95% p.a. variable over a 7-year term and does not include loan protection insurance.

Normal floating rates range from 9.95% p.a. variable to a maximum of 18.00% p.a. variable

No minimum loan term. Maximum loan term 7 years.

No application fees and no early repayment penalties.