Top-Tier Credit Deserves Top-Tier Rates — Our Pricing Competes with the Banks

Why assume a non-bank always costs more?

Most people think non-bank lenders charge higher rates. Sometimes that’s true, but it’s not the full picture. At Nectar we use risk-based pricing: that means customers with strong credit profiles can access our lowest rates, often sitting alongside (and in some cases below) what many banks offer. Our market analysis shows only two banks in New Zealand consistently beat our top‑tier pricing.

How our pricing works

• Risk-based pricing: your annual interest rate depends on your credit profile, the product and the amount borrowed. Strong profiles get our best pricing.
• Transparent process: we show the rate range that applies to your situation once we assess your information — not before.
• Fees and terms: mandatory credit fees may apply; full details are provided with any quote.

What this means for you

• If you have a strong credit history and reliable income, Nectar can be a genuinely competitive option alongside major banks.
• We won’t promise a rate or approval without assessing your circumstances — every quote is personalised and dependent on affordability and suitability checks.

Indicative rates and important stuff to know

• Indicative annual interest rates for Nectar consumer credit contracts can vary widely depending on borrower risk and product. For transparency, we publish current rates and mandatory fees on our website and will show the applicable annual interest rate for you in your personalised quote.
• Any advertised or quoted rate is subject to credit assessment, eligibility and the product terms. Mandatory fees and other interest charges may also apply; see our full disclosures.

Practical example

Example A: Two applicants apply for the same loan amount. Applicant 1 has a strong credit history, stable employment and low existing debt — they may receive a top‑tier rate close to Nectar’s lowest available pricing. Applicant 2 has limited credit history or higher debt relative to income — their rate will reflect higher risk. Both outcomes are the result of the same risk‑based pricing framework.

Short FAQ

Q: Will Nectar always beat bank rates?
A: No. For some borrowers and products, bank offers may be lower. We compete closely for top‑tier customers, and only two banks in New Zealand consistently beat our top‑tier pricing, but outcomes vary by individual circumstances.

Q: Does Nectar guarantee approval or a specific rate?
A: No. We cannot guarantee approval or a specific rate. Every quote is subject to assessment against lending criteria, affordability and suitability checks.

Q: How can I see if I qualify for top‑tier pricing?
A: The fastest way is to get a personalised quote — we’ll assess your profile and show the exact annual interest rate, mandatory fees and terms that apply.

Q: Where can I find the exact rates and fees?
A: Current annual interest rates, ranges and mandatory fees are published on our website and provided prominently with every quote. If you have concerns about affordability, we can also point you to independent financial mentoring services.

Bottom line

If you assumed a strong rate with Nectar wasn’t possible, it’s worth taking a second look. We price on risk — strong credit profiles can access our lowest pricing, and Nectar is a genuine alternative to many bank offers. Check our current rates and request a personalised quote to see what rate you could get.