If you are looking for some personal loans in New Zealand in order that you can get a personal loan with the best interest rate. Nowadays, there are more and more institutions offering loans. Therefore, you should consider carefully before choosing a lender. This post we will introduce people to Kiwibank personal loan.

Kiwibank personal loan
The interest rates and fees of the Kiwibank personal loan

In a lot of the previous posts, Info Credit Free introduces to people about the lending institutions for personal loans… The article today also offers information about personal loans in another bank that is Kiwibank.


Just like a lot of the article posts about the credit card, personal loans or insurance… the article today include some main parts. They are: “Some features of Kiwibank personal loan”, “The interest rates and fees of Kiwibank personal loan” and “What you need in order to apply for Kiwibank personal loan”.

1. Some features of Kiwibank personal loan

  • Customers can borrow from $2000
  • If customers provide all the information Kiwibank have asked for, and the loan is approved, customers may receive cash as soon as possible on the next business day
  • Repayments can be made weekly, biweekly or monthly
  • With fixed rates and repayment amounts, a Personal Loan can help customers with budgeting — customers will know exactly how much they need to repay and when. They can also pay more at any time for faster payments
  • We have a special rate of 13.95% p.a. if people are a student of the Graduate Pack or Home Loan

Consumer Capital personal loans

2. The interest rates and fees of Kiwibank personal loan

Current rates p.a.*
Personal loan from $10,000 16.95% p.a.
Personal loan $2,000 – $9,999 18.95% p.a.
Graduate Package customers $2000 – $15,000 13.95% p.a.
Kiwibank Home Loan customers 13.95% p.a.

New lending rates for individual loans are drawn from 1 September 2015, in accordance with the criteria for loans and credits. If the new loan is merged with Kiwibank or Latitude currently offers a personal loan, the fixed interest rate will be applied. The interest rate and repayment amount will remain the same for the term of the loan.

The Kiwi’s interest rates range from 16.95% pa. to 18.95% p.a with six-month to seven-year payment options, people can choose to pay less for a longer period or pay less for a shorter term. What can a personal loan cost? If people borrow $ 10,000, over 4 years with 16.95% p.a. With a weekly payment of $ 66.28, the total interest expense will be around $ 3,785.

The interest, APR, Fees of Kiwibank

  • From 9.89% to 18.15% per annum
  • APR: Max 18.95%/year
  • A loan between 6 months and 7 years
  • Fees: $240

There’s an establishment fee of $240. Kiwibank Graduate Pack customers won’t be charged an establishment fee.

Loan description table:

Loan Amount

Term of Loan

Interest Rate (APR)  Fee Expected Monthly Payment
$50.000 12 months 15% $240 $5.000

Info Kiwibank

  • ADDRESS: 151 Victoria Street West, Auckland Central, Auckland, 1010
  • Phone: 0800 113 355 or +64 4 473 1133 from overseas

Work time

  • Mon – Thu: 7am – 9pm
  • Fri: 7am – 8pm
  • Sat – Sun: 8am – 4:30pm
Kiwibank personal loan
The interest rates and fees of the Kiwibank personal loan

This does not include adjustments to any established fees, personal loan premiums, or any additional payments that you may elect to make. The base fee is $ 240. Customers of Kiwibank Graduate Pack will not be charged.

Here are the fees and charges you pay for a personal loan in the Kiwibank:

Establishment fee
  • What you’ll pay to cover the administration costs on your loan.
  • $240 for a personal loan.
  • $240 for a car loan.
  • $0 for Graduate Pack customers for either a personal loan or car loan.
Late payment fee
  • If you don’t pay an amount when due to your loan.
  • $35 per late payment.
Payment handling fee
  • When a payment to your loan account is made in cash.
  • $1.50 per payment.

3. What you need in order to apply for Kiwibank personal loan

Kiwi has implemented their registration process quickly, easily and comprehensively. Our online application allows you to save your progress as you go. In order to complete the application, there is some useful specific information that can help speed things up.

Merge the debt into one loan

  • Get debt free faster. The debt never goes away – that is why Kiwibank structured individual loans so customers always work to pay off their debt with regular repayments.
  • Sort the debts out. If there are multiple purchases, credit cards, overdrafts, and personal loans, customers may find it difficult to track payments and potentially lose more money than they need to.
  • Reorganize – one fixed payment – less confusion – Kiwibank can help reorganize customer debt into an easier way to manage a loan.
  • We can help – Talk to a group of Kiwibank who can help guide clients through combining customer debt into a loan, saving potential and planning a payout. in accordance with the circumstances of each person. Kiwibank can help by ensuring that money is transferred to other customers’ debts from their new loan.
  • What people will need – the amounts customers’ owe, what they pay regularly and the interest rate they pay. People can get this information from their loan documents or by asking their lender.

To get more information about personal loans as well as each type of loans such as New Zealand home loans or other countries such as Australia, the US…, people can read a lot of article in the category loans.

In addition, Info Credit free offered knowledge about insurance such as travel insurance, car insurance, home insurance,  as well as health insurance. To get more information about insurance, you can read a lot of articles in the category Insurance of us.

Hillary (Team Content) – Info Credit Free

Responsible lending is central to ICF core values in providing small personal loans, so we will never lend you more than you can realistically afford to repay. We will never leave you wondering about our cost structure and you’ll find our fees very reasonable. Just as we have simplified the borrowing process for small personal loans, ICF also makes repaying your loan easy and user friendly. Whatever sum you borrow, you can repay your loan according to your pay cycle and we will send you a reminder or two prior to your due date. Infocreditfree.com is an independent, advertising-supported publisher and comparison service. Infocreditfree.com does not include all companies or all available products. A payday loan borrower can get instant online loans of any amount from $100 to $1,500, even $3000 and more 24/7. In comparison to small bank loans, there are less formalities and paperwork with instant payday loans even with bad credit. Moreover, unlike bank loans where the borrower has to wait for at least a week to get approval of the loan, with instant payday advance it takes just 1-2 days at most from application to funding.