You can be smart about how often you pay your loan, overpaying repayment amounts, making occasional lump sum payments.
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Competitive rates
$2,000 - $30,000 unsecured
Money in your account within a day
Simple, 100% online process
Consolidate multiple loans into one payment
Buy a car today with our car loans
Get a home improvement loan with a competitive rate
Take care of your holiday costs in advance
Take control and pay off unexpected expenses
Manage your wedding expenses and ensure your special day runs smoothly
Apply online today and get your personalised loan quote.
Select the amount and payment option that suits you.
If approved, we aim to have the funds in your account the same day as your contract being signed online.
Unsecured
$2,000 - $30,000
$240
$1.75 admin fee per repayment
11.95% - 29.95%
6 months - 5 years
A personal loan is money borrowed from a bank or online lender for personal expenses, after a successful loan application. A personal loan is not usually secured by collateral. Lenders approve personal loans based on an applicant's credit score, regular income, and financial history. Secured loans, on the other hand, require collateral such as a house or car.
As a responsible lender, we consider your financial and personal circumstances when evaluating your personal loan application from Nectar. Nectar offers a range of personal loans for different personal circumstances - car loans, emergency loans, debt consolidation loans, home improvement loans, holiday loans and even wedding loans.
We need to know about your income, expenses, and any debts or loans you have. We will provide you a Nectar loan quote, including the interest rate and repayment terms outlined in your loan agreement. You can then choose if you wish to accept it.
Managing your Nectar personal loan is easy. Borrowers can access the Nectar borrower portal to view their loan balance, upcoming repayment dates, repayment amounts due, and request loan top ups.
Personal loans can offer several benefits including:
No early repayment fees: provides the flexibility to repay the loan faster, if your circumstances permit, without incurring additional charges. This can greatly lower the overall interest expense throughout the loan's duration, making debt management more affordable and effective.
Lower interest rate: personal loans often carry lower interest rates than credit cards or other types of loans. This could potentially save you a significant amount of money over the life of your loan.
Fixed repayment schedule: with a personal loan, you’ll know exactly when your debt will be paid off. The fixed repayment schedule provides a clear roadmap to becoming debt-free.
Lower monthly payments: personal loans can offer lower monthly payments than other forms of debt. This can be beneficial if you are on a tight budget.
Improved credit score: personal loans can improve your credit score if managed correctly. Regular, timely repayments can demonstrate that you are taking action to manage and reduce your debt. Over time, this may have a positive effect on your credit score.
Yes. There is no early repayment fee.
We have an online loan application process. Before you apply online, you should prepare for the application process by having the following documents handy:
Your NZ drivers licence or NZ passport details.
Access to internet banking.
Information about your employment, living arrangements and financial situation.
You can be smart about how often you pay your loan, overpaying repayment amounts, making occasional lump sum payments.
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