Pay for one-off purchases
Your BNZ Advanced Personal Loan
Our Advanced Personal Loan is a fast and convenient way to get money for a big ticket item you’ve had your eye on or consolidate your debt.
Pay off your loan in regular monthly repayments over a time period that suits - any time between three months and five years. You’ll pay no early repayment charges or additional payment fees.
Easy to manage
View your loan balance or make repayments whenever you like, using internet or telephone banking.
If you’d like to top up your personal loan just complete a new application, and we’ll get back to you.
Consolidate your debt with an Advanced Personal Loan
Make it easier to manage multiple sources of debt from credit cards, hire purchases, or an overdraft, by consolidating it all into one place.
What you need to know
You have up to 21 days to draw down your loan after it's been approved.
Interest will only be charged from the first day of the loan term.
Student or 23 or under
If you're 23 years or under, or a student, recent graduate, or apprentice, we'll need to have a chat before starting your loan application. Request a call back.
Rates and fees
For loans approved on or after 16 May 2014
-: - (% p.a.)
For loans approved on or before 15 May 2014
-: - (% p.a.)
Loan Facility Fee:? $250 (this loan facility fee is waived for new Advanced Personal Loans approved between 1 April 2016 and 30 June 2016)
Advanced Personal Loan Insurance premium: 47c for each $100 of your outstanding loan balance at the end of each statement cycle
Late payment fee: $15.00
Statement copy fee: $5.00
Lending criteria apply. Advanced Personal Loan interest rate is variable and subject to change at any time.
Subject to being an existing BNZ customer.
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.
A loan facility fee applies, unless otherwise stated. Loan facility fee will be charged on the date the account is opened. This fee will be reversed if the loan is not drawn down within 21 days.