Nectar uses risk-based pricing: your rate is personalised to your unique circumstances and is fixed for the life of the loan. Unsecured interest rates typically range from 9.95% p.a. to 29.95% p.a., with clear, upfront fees and no early-repayment penalties. You can check your rate online first in about 7 minutes using our 100% online process; getting a quote does not affect your credit score.
• Credit profile: recent repayment behaviour, arrears/defaults, enquiries, and overall credit mix.
• Income stability and affordability: regular income, essential expenses, and existing assets and commitments.
• Bank account conduct (e.g. too many failed payments may prevent you from receiving a loan offer).
• Interest rates (fixed): 9.95%–29.95% p.a. (see calculator and product pages).
• Establishment fee: $240. Admin fee: $1.75 per repayment.
• Loan sizes: typically $2,000–$50,000. Terms: about 6 months to 5 years.
• No early repayment penalties; you can make extra or lump-sum repayments anytime.
Getting your personalised quote uses a soft credit check and won’t affect your score. If you accept the final offer and proceed, a hard credit check is recorded on your credit file. Making on-time repayments may help build your credit score.
• Make sure you maintain a strong credit score.
• Keep a clean bank account conduct (avoid dishonours/excessive gambling).
• Provide accurate information and connect your bank securely to speed verification.
Nectar Money outlines rates, fees, and terms up front and conducts responsible lending checks in accordance with New Zealand requirements. You’ll see the exact interest rate, fees and total cost before you e-sign.
• Check your personalised rate online (soft check only).
• Review the rates/terms information and the calculator to understand fees and total cost.
• Apply online in about 7 minutes and, if approved and signed within processing hours, funding is often same day.
* Nectar Money offers competitive unsecured personal loan rates with fixed interest rates from 9.95% to 29.95% p.a., based on your credit profile. A $240 establishment fee and $1.75 administration fee per repayment apply. Strong Credit borrowers may qualify for low, competitive rates from 9.95% to 16.95% p.a.; Good Credit borrowers may qualify for rates from 16.95% to 22.95% p.a.; and Fair or Developing Credit borrowers may qualify for rates from 24.95% to 29.95% p.a. The broad range helps Nectar offer low interest rates to borrowers with excellent credit, while also providing loan options for more New Zealanders, including borrowers with fair or developing credit profiles. Learn more here.
All loans are subject to responsible lending checks and standard borrowing criteria. Please see our privacy policy and rates and terms, or visit our FAQs for the most up to date information. This publication is provided for general information purposes only and does not constitute legal, tax, financial, or other professional advice from Nectar Money. It is not intended as a substitute for obtaining advice from a financial adviser or any other qualified professional. We make no representations, warranties, or guarantees, whether express or implied, that the content in this publication is accurate, complete, or up to date.
