The Nectar Credit Builder Loan is a 6-month, interest-free way to grow your credit profile – without the stress.
Borrow $1,000
Repay over 6 months
Pay $0 in interest
We report your repayments to New Zealand’s major credit bureaus every month — consistent on-time payments help strengthen your credit profile.
*Subject to responsible lending checks and credit criteria.
$99 establishment fee
$1.75 admin fee per repayment
Available to first time Nectar customers only.
Subject to responsible lending checks.
The Nectar Credit Builder Loan is a 6-month, interest-free $1,000 loan designed to help you build or improve your credit profile by creating a track record of consistent repayments.
It’s for people with limited or imperfect credit history who want a structured way to rebuild through manageable repayments, and who can commit to paying on time.
You can apply if you’re a New Zealand resident aged 18+ with a regular income. The Credit Builder Loan is available to first-time Nectar customers only, and approval is subject to responsible lending checks and credit criteria.
Each month, Nectar reports your repayment activity to New Zealand’s credit bureaus. On-time repayments can help strengthen your credit profile over time.
This product is designed as a step-up pathway: you start with a smaller, time-bound loan, build a reliable repayment record, then you’re better positioned to access more affordable credit options in the future because lenders can see consistent repayment behaviour.
No. Credit scores are influenced by multiple factors (like missed payments elsewhere, defaults, and high debt levels). What we can do is report your repayment performance monthly—staying on track gives you the best chance of a positive impact.
Because reporting happens monthly, any improvements generally take time and consistency. You can check your credit report with New Zealand credit bureaus to track what’s being recorded.
There’s $0 interest. Fees are a $99 establishment fee and a $1.75 admin fee per repayment.
Yes—there’s no penalty for repaying early.
Missing a repayment may negatively impact your credit profile because repayment activity is reported. If you think you might miss one, it’s best to get in touch early to discuss your options.
The Credit Builder Loan is interest-free, time-bound (6 months), and designed around building a positive repayment record through monthly reporting—rather than repeat borrowing.
If meeting repayments will be difficult, this product may not be the best next step—because missed payments can hurt your credit profile. Consider budgeting support or hardship-focused alternatives before taking on new credit.
Apply online in minutes—no paperwork.
