Low costs
You’ll pay no monthly fees and just one establishment fee upfront per loan.
Personal loans
Borrow between $1,000 and $60,000 with an Advanced Personal Loan.
Most BNZ customers can apply through Internet Banking or the BNZ app.^
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Advanced Personal Loan features
A personal loan could help with a big purchase, life event, or to consolidate debt.^
Rates and fees
Fixed terms
Pay off your loan in regular monthly repayments over a time period that suits you, from three months up to five years.
Flexible repayments
Pay extra off your loan, or pay it off all together, with no early repayment charges or additional payment fees.
Interest rate and fees
How to apply for a personal loan
You’ll need to be a BNZ customer before you can apply for a personal loan. Most BNZ customers can apply through Internet Banking or the BNZ app.^
Increasing your existing loan amount
If you have an existing BNZ Advanced Personal Loan and want to increase the loan amount, you can:
- apply for a separate Advanced Personal Loan; or
- apply to combine your existing Advanced Personal Loan and a new loan into one consolidated loan (minimum new lending amount of $1,000 and a maximum combined limit of $60,000 applies).
If you consolidate your loans, you’ll need to make sure that you apply for enough money to cover the repayment of your existing loan in full, and the total cost of the new loan.^
A loan facility fee may apply to both options.
Tips and guides
Is debt consolidation the right choice for me?
Debt consolidation loans could help people who are struggling to keep on top of their finances, but here are five points to keep in mind.
What to think about before you borrow
Most New Zealanders borrow money at some point during their lives, so if you’re thinking about taking out a loan or other credit facility like a credit card or overdraft, it’s a good idea to look at all your options and the information available so you can make an informed decision.
What you can do if you’re experiencing financial hardship
Struggling to pay your bills and afford the basics in life is a tough place to be. Here are some ways to help reduce financial stress.
Personal loans help and support
If you don’t have access to online banking, or would like to discuss your personal loan options, call our team at 0800 800 667.