Applying with one lender means one rate, take it or leave it. We compare your application across 20+ vetted NZ lenders with one soft credit check, then come back with the best deal on rate, term and fees.
Most applicants hear back the same business day. Not sure you qualify? Check here →
We run a soft credit check during our assessment. This does not affect your score. Once matched, some lenders accept our check while others may run their own. "Best deal" means rate, term, fees and fit, not just the lowest headline rate.
How much do you need?
We match you to the lender most likely to get you the best deal.
Indicative rate 12.95% p.a. Actual rates 8.99%–29.95% p.a. (AIR). One soft check. No credit score impact.
One short form. We handle the matching, the follow-up and the hard work.
Takes about 5 minutes. Tell us your loan amount, purpose and basic situation. Just the once.
We run a soft credit check and match you to the lender on our panel most likely to get you a better deal. A soft check does not affect your credit score.
Our team contacts you with your options. If it works for you we guide you through to settlement. No obligation at any stage.
Ready to get started?
One application. One soft check. Multiple lenders competing for your business.
Personal loans can cover almost anything. One application, one soft credit check. We match you to the lender best suited to your purpose and situation.
From $3,000 to $250,000 for any personal purpose. Fast assessment, competitive rates from 8.99% p.a.
Find my best dealNew or used vehicles. Don't accept the dealer's rate. We find specialist vehicle lenders who may offer you a significantly better deal.
Get my car loan dealRoll multiple debts into one lower-rate loan. Simplify repayments and potentially save significantly on interest.
See my optionsFinance your renovation without touching your mortgage. Secured and unsecured options available.
Find my best dealFinance new or used boats, jetskis, trailers and motors. Dealer and private sales accepted.
Find my best dealCover elective surgery, dental work, fertility treatment and urgent medical costs at competitive rates.
Find my best dealFinance your holiday, honeymoon or family adventure with a fixed-rate personal loan from a NZ lender.
Find my best dealOpen and employer-specific work visas accepted. Minimum 13 months remaining. NZ-based income required.
See my optionsUse an asset as security to access larger loan amounts or better rates from our NZ lending panel.
Find my best dealOne application reaches lenders who specialise in personal finance. No credit score impact from our check.
We run one soft credit check that does not affect your score. Applying direct with multiple lenders leaves a hard mark every time. Once matched, some lenders accept our check while others may run their own.
Access competitive rates from specialist lenders on our panel. Rates you may not find by applying direct.
Same-day assessments available. Same-day funding is possible for applications approved before 12pm on business days.
Choose a loan term from 6 to 84 months to suit your budget. Secured and unsecured options available.
We work with a wide range of vetted NZ lenders and match you to the one most suited to your situation.
Checking your options costs nothing and commits you to nothing. You choose whether to proceed.
We help employed New Zealanders with a good credit history get better personal loan deals.
You are employed
Full-time, part-time or self-employed with verifiable income.
NZ citizen, resident or eligible visa holder
Open and employer-specific work visas with at least 13 months remaining.
Good credit history
We work with borrowers who have a clean or near-clean credit record.
Loan amount between $3,000 and $250,000
Terms from 6 to 84 months.
What to have ready
Having these on hand will speed up your assessment.
Your NZ driver licence or passport
3 months of bank statements
Online banking PDFs or exported statements are fine. They don't need to be certified.
Recent payslips or proof of income
Self-employed? Your most recent tax summary works.
Details of any existing loans or debts
Many NZ lenders decline visa holders outright. We work with lenders on our panel who specifically cater for employed visa holders with stable NZ income and a good credit history. One application, no credit score impact from our check.
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Common questions about getting a personal loan through Lending Room.
Can't find what you're looking for? Contact our team
We run a soft credit check during our assessment which does not appear on your credit file or affect your score. Once we match you to a lender, some accept our soft check while others may run their own standard credit check as part of their process. We will let you know before we submit.
Every time you apply directly with a lender they run a hard credit check that leaves a mark on your file. Apply to five lenders separately and your score takes five hits before you have even borrowed anything. With Lending Room one application reaches multiple lenders with a single soft check and we match you to the one most likely to approve you at the best rate.
The minimum is $3,000 and the maximum is $250,000 depending on the lender and your personal circumstances. Loan terms range from 6 to 84 months.
Personal loans can be used for almost any purpose including car purchases, home renovations, debt consolidation, medical costs, travel and more. Tell us what you need the loan for and we will match you to the most suitable lender.
In most cases you will hear back the same day. Same-day funding is possible for applications approved before 12pm on business days.
Yes. We accept open work visas and employer-specific work visas with at least 13 months remaining, provided you have a regular NZ-based income and a good credit history.
Yes. If your loan is successfully funded, a broker fee of up to $1,500 applies. This is added to your loan amount, not charged upfront, and is GST inclusive. It is disclosed clearly before you commit to anything and you are never under any obligation to proceed. Lender establishment fees may also apply depending on the lender. There is no charge to apply or check your options.
A personal loan is a fixed amount of money you borrow from a lender and repay in regular instalments over an agreed term. Unlike a credit card, a personal loan gives you a lump sum upfront with a fixed interest rate and a set repayment schedule, making it straightforward to budget and plan. You know exactly what you owe, what your repayments will be and when the loan will be cleared.
In New Zealand, personal loans are available from banks, credit unions, finance companies and specialist non-bank lenders. Loan amounts typically range from $3,000 to $250,000 with terms from 6 to 84 months. The rate and conditions you are offered depend significantly on which lender you apply to, which is why comparing across multiple lenders before committing gives you a much better chance of finding the right deal.
Personal loan rates in New Zealand are quoted as an Annual Interest Rate (AIR). The rate you are offered depends on your credit score, income, employment stability, the loan amount and the term you choose. The advertised rate and the rate you actually receive can be very different, which is why it pays to compare before you apply.
A secured personal loan uses an asset such as a vehicle as collateral. Because the lender has security behind the debt, secured loans typically come with lower rates and higher maximum amounts. An unsecured personal loan requires no collateral but usually carries a higher rate to reflect the increased risk to the lender. Most everyday personal loans in NZ are unsecured.
Most personal loans in NZ are offered at a fixed interest rate, meaning your repayments stay the same for the life of the loan. This makes budgeting straightforward. Variable rate personal loans are less common but can suit borrowers who expect to repay early, as some lenders charge fees for early repayment on fixed rate products.
Lending Room works with lenders offering rates from 8.99% p.a. (AIR). The rate you receive depends on your individual profile. We work to match you to the lender most likely to offer the most competitive rate for your specific situation.
Credit cards and personal loans both let you borrow money but they work very differently. Credit cards are revolving credit. You can spend up to your limit, repay and spend again. This flexibility comes at a cost. Most NZ credit cards charge between 20% and 28% p.a. in interest and minimum repayments mean a balance can take years to clear.
A personal loan is structured. You borrow a fixed amount, repay it over a fixed term at a fixed rate and it is done. For any expense over $3,000 that you cannot clear within a month or two, a personal loan will almost always cost you less in total interest than a credit card. If you are carrying a credit card balance at 20% or more, a debt consolidation loan from 8.99% p.a. could save you a significant amount over the life of the debt.
NZ lenders assess personal loan applications based on a combination of factors. Understanding these helps you put your best application forward.
Your credit score and repayment history are among the most important factors. Lenders look for a pattern of on-time repayments and no significant defaults or judgements. A clean or near-clean credit record gives you access to better rates and more lender options.
Lenders want to see a stable, verifiable income that comfortably covers your proposed repayments alongside your existing commitments. Full-time, part-time and self-employed applicants are all considered, provided income can be verified through payslips or bank statements.
Your current debt obligations affect what lenders are willing to offer. If you have multiple loans or high credit card balances, consolidating through a single loan can sometimes improve your overall borrowing position and make your application more straightforward for lenders to assess.
When you apply directly with a lender, they run a hard credit check that leaves a mark on your credit file. Apply to five lenders to compare options and your score takes five hits before you have borrowed a dollar. This can lower your score at exactly the moment you need it to be as strong as possible.
Lending Room runs one soft credit check, reviews your full picture and matches you to the lender on our panel best suited to your situation. You get access to 20+ vetted NZ lenders through a single application, with no repeated credit hits and no need to manage multiple conversations with different lenders. As an FSPR registered loan broker, we are required to act in your interest and disclose all fees clearly before you commit to anything.
One application. One soft check. 20+ lenders. No obligation to proceed. Apply in 5 minutes
One application, one soft credit check, matched to the right lender from our panel of 20+ vetted NZ lenders. No obligation to proceed.
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