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.
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.
Crunch the numbers
Want an estimate of how much your repayments might be? Crunch the numbers with our personal loan calculator below. If you are approved, actual amounts and interest rates may vary.
Stay on track
Once you're all set up, you can monitor your loan balance and keep an eye on repayments via internet banking and our mobile app.
Top up your loan
If you have an existing personal loan, it's easy to apply for a top up. Just fill out and submit a new application form via internet banking or our mobile app.
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
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 |