One-off purchases
Pay for one-off purchases and choose flexible repayments that fit your individual needs.
Personal loans
Borrow between $1,000 and $30,000 with an Advanced Personal Loan and get instant access to your money once you’re approved.
BNZ customers can apply for a personal loan through Internet Banking or the BNZ app.
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Your BNZ Advanced Personal Loan
Advanced Personal Loan is a fast and convenient way to get money for a big ticket item you’ve had your eye on or consolidate your debt.
Debt consolidation
Make it easier to manage multiple sources of debt by consolidating them into one loan.
Features and benefits
Fixed terms
Pay off your loan in regular monthly repayments over a time period that suits, from three months up to five years.
Flexible repayments
Pay extra off your loan, or pay it off all together, with no early repayment charges or additional payment fees.
Easy to manage
You can view your loan balance or make repayments whenever you want to in Internet Banking.
Increasing your existing loan amount
If you have an existing BNZ Advanced Personal Loan and want to increase the loan amount, you can:
- apply for a separate Advanced Personal Loan; or
- apply to combine your existing Advanced Personal Loan and a new loan into one consolidated loan (minimum new lending amount of $1,000 and a maximum combined limit of $30,000 applies).
If you consolidate your loans, you’ll need to make sure that you apply for enough money to cover the repayment of your existing loan in full, and the total cost of the new loan^.
A loan facility fee may apply to both options.
How to apply for a personal loan
You can apply for a personal loan through Internet Banking or the BNZ app if you have a BNZ transaction account which you’ve held for more than 3 months, or an existing loan with us. If you don’t have access to Internet Banking, find out how to register.
1. Gather financial data
Before you apply, gather details about your current financial situation including:
- income
- value of your assets
- regular expenses
- debts.
2. Apply online
Log in to Internet Banking or the BNZ app and select Apply now from the menu.
3. Application outcome
Once you’ve submitted your application, you should receive an email within the next business day, to let you know if your application has been conditionally approved, referred for further assessment, or declined.
Tips and guides
What to think about before you borrow
Most New Zealanders borrow money at some point during their lives, so if you’re thinking about taking out a loan or other credit facility like a credit card or overdraft, it’s a good idea to look at all your options and the information available so you can make an informed decision.
Is debt consolidation the right choice for me?
Debt consolidation loans could help people who are struggling to keep on top of their finances, but here are five points to keep in mind.
Prioritising your debt repayments
It can be awkward asking friends and family for advice about our personal finances, which is why it can be equally difficult to know just how to manage your debt and what to pay back when.
Personal loans help and support
If you don’t have access to banking online or would like to discuss your personal loan options, call our team at 0800 800 667.
Lending criteria apply. Advanced Personal Loan interest rate is variable and subject to change at any time, including after you enter into your contract. BNZ will publicly announce any changes to the variable rate.
Applicants must be aged 18 years and over and be a NZ resident. Available to individual personal banking customers only. A loan facility fee of $50 may apply.
You have up to 21 days to draw down your loan after it’s been approved. Interest will only be charged from the first day of the loan term.
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