Personal Loans NZ
Where to get the best Personal loans rate in New Zealand.
I wrote this article not only to help you find what I believe is the best advice in regards to getting a personal loan I can find before you get yourself into debt but to warn you of some of the perils and the dire financial consequences everyone in New Zealand is facing due to the systematically engineered take over of our finance industry by super huge international companies such as General Electric.
Disclaimer I am not a financial consultant or employed by any company that provides financial advice or loans. This article is written purely on my experiences only and I take no responsibility for any course of action you take as a result of reading my article.
| Loan Provider | Personal Loan Rate |
Contact Number |
| ANZ National Bank Limited | 18.35% | 0800 269 296 |
| ASB Bank Limited | 17.95% | 0800 803 804 |
| Bank of New Zealand | 18.2% | 0800 800 468 |
| Kiwibank Limited | From 13.10% | 0800 113 355 |
| National Bank | 17.95% | 0800 181 818 |
| The Co-operative Bank | 16.50% | 0800 807 747 |
| Westpac Banking Corporation | 17.95% | 0800 400 600 |
| CBS Canterbury | 16.25% | 0800 227 227 |
| CU Central | 16.25% | 07 323 7049 |
| Rates are current as at 06th February 2012 and are subject to change. NZPCS.org is no way affiliated with any of these loan providers | ||
The best options to get any type of personal loan or finance is either to apply for a low cost credit card and pay it off as fast as you can. Alternatively get a balance transfer loan first load your other debts onto your first card then apply for a low interest transfer balance credit card and then pay this off as fast as you can. This can save you easily 25% or higher in interest charges annually.
The second option is to start saving with a credit union. Credit unions typically provide their members with far lower interest rates on loans than many finance companies. Credit unions also invest in New Zealanders the profits aren’t shipped off overseas. If your not already a member of a Credit Union you can also try your local bank.
Lending options to stay away from are any company that provides you a loan with Ge Money or Pawn Brokers. The internet is full of horror stories of people who have taken out finance with Ge Money only to be shafted. You can read a number of these complaints via here Ge Money Credit Scam and why I strongly recommend avoiding this company at all costs. You will find as others already have that even in New Zealand this company is already getting up to the same tricks they have done elsewhere in the world and our Government agencies and ministers seem happy to turn a blind eye.
What ever you decide to do when it comes to getting a Personal Loan try and support a New Zealand company so the profits stay and are used in New Zealand shop around for the best deal and consider the terms carefully. What looks like the best option short term may end up costing you a serious amount more over the long term.
