Fair interest rates
Our floating interest rates for personal loans range from 9.95% to 17.75% p.a. The rate you’re eligible for is based on your credit history. Interest rates are subject to change.
Structured around you
The minimum loan amount is $3k and the maximum is $50k. Terms range from 6 months to 5 years, and you can choose to make repayments either weekly, fortnightly or monthly.
Consolidate debt
A personal loan could help you stay on track. Instead of having multiple payments go out with varying interest rates, you could combine all of your debts into one, easy-to-manage loan.
Personal Loan Calculator
Based on an estimated interest rate of 13.50% p.a., your repayments could be:
$123.22
Estimated interest you could pay:
$215
Estimated total cost of the loan:
$3,215
Apply online
Important note:
This calculator provides an estimate for illustration purposes only; this is not financial advice and is not a guarantee of future repayments. This estimate is based on the details you have provided including the loan amount, loan term and interest rate. Any changes to these factors will affect your actual loan repayments.
Find out if it's right for you
Personal loan interest rates are floating, which means they may change during the term of your loan. If they do, we'll let you know how much more or less your repayments will be.
Our personal loans can be used for lots of things. If you're looking to study, renovate, take a break, or buy a car, a personal loan could help you reach your goals.
To get a personal loan with us, you need to be 18 years or older, currently living in New Zealand, and either a New Zealand citizen, permanent resident, or holder of a valid work visa. You'll also need to meet our lending criteria.
It's important to understand all of the terms and conditions and fees and know that these may change over time.
If you choose to increase your loan repayments, or repay your loan in full, we won’t charge you any additional fees for this. Increasing your repayments can help you save on interest.
Make sure you know how much you'll pay in total. For example, a personal loan of $10,000 borrowed for a 3 year term, with an interest rate of 13.50% p.a. would equate to fortnightly payments of $155.71, and a total amount payable of $12,187.
Other important things to know
The Co‑operative Bank's lending and insurance criteria, fees, interest rates, and Standard Facility Terms and Conditions apply and are subject to change.
You might be able to add loan insurance to your personal loan. See here for more information about Loan Protection Insurance. Insurance criteria applies.
See Rates for full details including default interest rates that may apply.
| Type | Interest rates, fees & loan terms |
|---|---|
Amount borrowed If you are refinancing existing lending currently held with The Co‑operative Bank, the new loan must include a minimum of $3,000 in new lending. | From $3,000 to $50,000 unsecured. For loans over $50,000 please contact us. |
The interest rate you’re eligible for is based on your credit history. | From 9.95% to 17.75% p.a. |
Added to the amount borrowed. | $145 per application |
| Loan term | From 6 months to 5 years |