First Credit Union Named MoneyHub’s Favourite Personal Lender

We are thrilled to announce that in 2025, First Credit Union has once again been awarded "Favourite Personal Lender" by MoneyHub, New Zealand's leading consumer finance guide. This award directly recognises our commitment to providing fair, transparent, and low cost personal loans*.    

MoneyHub’s choice highlights our position as the ideal solution for Kiwis seeking a better way to borrow. If you're looking for a no-application fee personal loan that helps you build savings while you borrow, talk to us!  

Why we're their Favourite: 

MoneyHub’s award underscores the unique benefits that set our personal loans apart in the market.   

1. Affordable Personal Lending  

In a sector often filled with hidden costs, our transparent approach is a breath of fresh air. As MoneyHub confirms, "First Credit Union refuses to charge account fees - almost unheard of in the personal loans space."   

But we go even further...Our commitment to no fees means:  

  • No Early Repayment Fees: Pay off your loan faster and save on interest without any penalties. 
  • No Loan Application Fees: Getting started costs you nothing.  

2. Loan applications from as little as $500  

We believe in providing financial solutions for goals big and small. With a minimum loan amount of  $500, we are the perfect partner for smaller projects, unexpected expenses, or as a first step in consolidating debt, making our loans accessible and manageable.   

3. Build Savings as You Borrow

This is the feature that makes our personal loans truly unique. MoneyHub’s Editor, Christopher Walsh, highlighted this powerful benefit: 

"We really like that anyone who takes a personal loan must also contribute at least $5/week to a savings account - this means every borrower finishes their loan with savings in the bank to help them on their financial journey."  

Winning the title of MoneyHub's "Favourite Personal Lender" is a testament to our member-owned model. We exist to serve you, not shareholders. This means every feature of our personal loan.  

Ready to experience the award-winning difference? Apply for a no-fee application personal loan online today.   

(*Normal lending criteria applies, subject to responsible enquiries. Normal interest rates range from 10.95% p.a. to 18% p.a. Third party fees such as credit check, credit sense, motor check, PPSR, Docusign and cloudcheck of up to $29.90 per applicant may apply. )