Pricing is transparent and personalised. Strong Credit borrowers may qualify for low, competitive rates from 7.95% to 11.95% p.a.; Good Credit borrowers may qualify for rates from 14.95% to 22.95% p.a.; and Rebuilding 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 strong credit, while also providing loan options for more New Zealanders, including borrowers who may be rebuilding their credit. All loans are subject to responsible lending checks.
Click for detailed information on our standard rates and terms plus our loan calculator.
Your interest rate is set using risk‑based pricing so it reflects your personal circumstances and credit history. Rates are fixed for the life of the loan.
To get your rate click ‘Check your rate’ and complete the online process. We will provide you with a personalised loan quote including your eligible loan amount, interest rate and repayment options. There are some exceptions to this where we require additional information.
You can also make extra or early repayments to reduce interest, with no penalties.
Having a wide range of personalised interest rates enable us to provide loans options to a broad range of New Zealanders.