First Credit Union Named MoneyHub's Favourite Personal Lender for 2026

We are delighted to announce that First Credit Union has once again been awarded "Favourite Personal Lender" by MoneyHub, New Zealand's leading consumer finance guide - this time for 2026.

MoneyHub's recognition reinforces our position as the go-to choice for New Zealanders who want a better way to borrow. If you're looking for a no-application fee personal loan that helps you build savings while you repay, we'd love to talk.

So what keeps catching MoneyHub's attention?

A Loan Structure Built Around the Member, Not the Margin

Most personal loans on the market come loaded with fees that quietly add to the cost of borrowing. We've never followed that approach. There's nothing to pay just to apply, and nothing to pay if you decide to clear your loan ahead of schedule. MoneyHub has specifically called this out as a rarity in the sector - and it's something we intend to keep doing.

Small Loans Matter Too

Not every financial need is a major one. Sometimes it's a car repair, a bill that's crept up on you, or the first step toward tidying up multiple debts into one. That's why our personal loans start from just $500 - small enough to be useful, without the hassle that often comes with borrowing smaller amounts elsewhere.

The Detail Most Lenders Leave Out: Savings

Here's where things get interesting. Every First Credit Union personal loan comes with a built-in savings habit - a minimum of $5 a week goes straight into a savings account alongside your repayments. It's barely noticeable week to week, but by the time your loan is paid off, you've also built yourself a savings buffer.

MoneyHub's Editor, Christopher Walsh, picked out this exact feature as a standout:

"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."

Thinking about a personal loan? Apply online today and see the difference for yourself.

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.