Advanced Personal Loan

Ideal for one-off events, purchases or debt consolidation.

  • Up to three months to draw down the loan1
  • Flexible repayment option
  • Get a handy card that can be used wherever Visa is accepted
  • Collect Fly Buys Points2

More detail

Set it up now and borrow within three months

If you’re planning for something important like a  wedding or buying a new car, or just want to consolidate debt, you can get your Advanced Personal Loan1 set up now and borrow at any time over the next three months. 

The minimum loan amount is $1,000 and the maximum is $30,000. And there’s a one-off facility fee of $250 that’s charged to your loan as soon as it is approved. The fee can be part of your loan.

Borrow as you go with a handy loan card

Within the three month draw-down period, your Advanced Personal Loan card can be used wherever Visa is accepted, or to get cash at an ATM3. You can even consolidate your existing debts into one personal loan by paying the debts off with your card.

Repay your loan as you choose

Set your own regular monthly payments to repay your loan within a time you choose, between three months and five years. You can make your payments by direct debit, telephone or internet banking, automatic payment and at any BNZ store. If you decide to pay your loan off more quickly, you can make extra payments whenever it suits. We’ll send you regular detailed statements and with BNZ Internet Banking, you can check your balance online anytime.

Loan repayment insurance

You’ll automatically get personal loan insurance4, unless you tell us you don’t want it. The premiums will simply be added to your monthly payments. With this insurance, your loan payments will be covered5 if your income is disrupted due to accident, illness, death, bankruptcy or redundancy.

Collect Fly Buys Points

With our Advanced Personal Loan, you’ll collect 1 Fly Buys Point2 each month for every $1000 that’s outstanding on the balance of your loan. Plus you’ll collect 100 Fly Buys Points2 the first time you use your loan.

A special rate to help students and graduates

If you have a student or graduate banking package with us, we’ll give you a special interest rate instead of Fly Buys Points and we'll waive the $250 loan facility fee on your Advanced Personal Loan.

All interest rates are current as at the dates shown below and are subject to change without notice.

 Rates and fees
Loan type % p.a.
View rates here
Service fee Charge for service
Loan Facility Fee6 $250
Account fees
Personal Loan Insurance premium 47c per $100 balance at statement cycle
Cash Advance Fees:
- Electronic7
- New Zealand non BNZ ATM
- Teller assisted
- Overseas
$1.00
$1.00
$5.00
$7.50
(first cash advance on Advanced Personal Loan exempt)
Late payment fee $15.00
Foreign Currency Service fee8 2.25%9
Statement copy fee $5.00
Voucher copy fee $25.00

Next steps

Apply online nowFind a store 0800 800 667

Small print

  1. Lending criteria and a $250 loan facility fee apply.  [Note: fee will be charged regardless of whether the loan is drawn down or not.]
  2. Fly Buys terms and conditions apply. Fly Buys collection and redemption rates are subject to change without notice.
  3. Cash advance fee apply.
  4. Advanced Personal Loan Insurance is arranged by BNZ and is underwritten by CIGNA Life Insurance New Zealand Limited (CIGNA). BNZ receives a commission from CIGNA for arranging Advanced Personal Loan Insurance. BNZ does not guarantee the obligations of CIGNA and will not be liable if CIGNA refuses a claim. Cover is subject to the terms, conditions and exclusions contained in the policy document.
  5. Pre-existing conditions are covered after the policy has been in force for two years. Cover is limited to death only for account owners who are aged 65 years or older or who work for less than 25 hours per week for one employer. Cover ceases in total at age 70.
  6. Loan Facility Fee will be charged upon loan approval. This fee will be charged regardless of whether the loan is drawn down or not.
  7. Via BNZ ATM, Telephone Banking or Internet Banking
  8. The converted amount of your foreign currency transaction and the Foreign Currency Service Fee are both included in the New Zealand dollar amount and in the rate of exchange shown on your statement for each transaction.
  9. Of the New Zealand dollar value of each foreign currency purchase, cash advance or returned purchase

* Margin on application subject to BNZ lending criteria.