Loan Comparisions - We've got you covered

Find out what kind of credit you’re eligible for, which lenders might be able to help you, and what you need to do to access a range of different loan options.

Choosing a lender can be tough. Are you better suited to a bank loan, a finance company, or a peer-to-peer lender? Our advice and comparison pages have the lowdown on different types of lenders, offering all the information you need, and none of the fluff you can do without. We’ll help you understand how to access credit, what you’ll need to do before drawing down a loan, and which lenders are most likely to give you money based on your current financial situation.

Save Money

We’ve got all the latest information on interest rates and fees so you can put your feet up, relax, and make good decisions that save you money now and into the future.

It may seem counterintuitive – the idea that taking out a loan can save you money. But if you pick the right loan with the right term and the right interest rate, then you could save thousands over the lifetime of your loan. Credit can also be a good financial decision. If you’re purchasing something you’d otherwise have to save for, and you force yourself to repay the loan quickly, then you may find yourself in a better position than if you’d tried to squirrel away money for that same thing, but frittered it away in the process.

Get out of debt

Taking out a loan can help you stay debt free in the future if you think strategically and act smartly. Debt consolidation is a smart move, and by bringing together several lines of credit with varying interest rates into one, lower-interest rate loan, you can find yourself one step closer to debt freedom.

There are a number of ways to consolidate your debt, and here at Compinero we can help you to find the path that best works for you. Whether that’s a 0% credit card or a low-interest personal loan, you’ll find yourself paying less interest, fewer fees, and having to juggle fewer balls. Win win!

Loans and Credit in New Zealand

The world of credit is your oyster in New Zealand, with a number of options to choose from that will help you access money when you need it. Here are the most common avenues for kiwis looking to secure a loan:

Payday loans

Payday loans are often the sharks of the credit sea. Billing themselves as easy and fast access to money, they are also an easy and fast way to fall in a cycle of debt that’s pretty darn hard to climb out of. Payday lenders typically charge extortionate interest rates (sometimes as much as 400%) and hit you with fee after fee for every new loan or late payment. There are lots of other credit options that offer better deals for borrowers, but if you’re finding it hard to access these, a payday loan may be one way to get out of a financial pickle.

Personal loans

One of the most common ways to finance a major purchase, or a necessary expenditure, is through a personal loan – usually provided by a bank, peer-to-peer lender, or credit union. Personal loans typically range from a few thousand to $50,000 or even more.

Finance options

Part Pay is BIG these days, and there are so many providers offering it that things can get confusing at the checkout. We’ve got the latest on lenders, their terms, and the best deals available right now.

Car finance

Want to put a car On Tick? There’s plenty you need to consider first. Banks and finance companies both offer loans for cars, or you can consider extending your mortgage to cover the cost. Bear in mind, though, that car values depreciate, so however you fund your purchase, make sure you pay it off as quickly as possible so you’re not still paying thousands for it when it’s only worth a few hundred.


It’s likely a mortgage will be the biggest loan you’ll ever have in your life, so it’s well worth taking the time to understand the home loan scene and make a choice that will serve you well for years to come. We have a list of lenders and interest rates that will help you make great decisions for the greatest purchase of your life!

The ABCs of Getting a Loan in New Zealand

Where to start with your credit search? At Compinero we believe in making things simple – that’s why we suggest going back to basics with the ABCs … or in this case the CBAs! Follow these steps with any loan application you make, and your experience in the credit world is guaranteed to be safer, easier, and more successful!

What are the CBAs?

C = Compare

Never – we repeat, never, go with the first loan provider you stumble across. Life is too short to pick a loan that’s not right for you. From term lengths to interest rates, credit limits and fees, by comparing the field and picking the right loan, you can save yourself plenty of headaches and bucketloads of cash in the long term.

A good place to start? Have a wander around this site and use the handy comparison tables to see which lender offers the best deal for your unique circumstances. We have all the intell on the latest interest rates, fees, and credit limits, making picking your provider a cinch.

B = Brush Up

Comparing is a great first step, but eating the least rotten apple in a basket full of rotten fruit is still a bad experience. Not only do you want to pick the best of the bunch, but you should also make sure that you fully understand the conditions of the loan itself, as well as how credit works more generally.

Compinero offers advice on all things finance, so even if you think you’ve found a rose amongst the thorns, take a read of the information below each comparison, and educate yourself on the risks, benefits, obligations, and conditions that come with each loan type.

A = Apply

Found the credit match you’ve been searching for? Click through to apply with the lender and wait to hear the result. The length of time it takes to approve or decline a loan depends on the type of loan, the lender, and your personal circumstances. Mortgages, for example, will take a number of days to approve, while many payday loans and some credit cards will decide the result of your application on the spot.

The best way forward is to find a loan that suits you, read up about your responsibilities, and then – when you’re ready – go ahead and hit the ‘Apply’ button. Start with the most reputable lenders, such as banks, and if they decline your application, try peer-to-peer lenders and – as a last resort – payday loans. Beware though – loan applications, both accepted and declined ones – will show up on your credit history, and this can hurt your chances of securing loans in the future. Many banks look unfavourably upon credit histories that show payday loan applications, so think carefully before applying for something that may affect your chances of getting larger, more important credit in the future.

NOTE! Always read your loan contract carefully before signing up, and never put your name to a deal you don’t fully understand. 

How to Get a Loan in New Zealand

Let’s delve into the nitty gritty of loan applications. The requirements of loan providers can differ wildly, but there are a few common threads. In order to make a loan application you’ll usually need to be:

  • Over 18 years of age
  • In employment (usually full-time, though sometimes part-time is accepted)
  • Receiving a regular income (this is defined differently by each provider, so check with your preferred lender)
  • A bank account holder
  • Able to provide a mobile phone number and/or an email address
  • Willing to provide bank statements to your potential lender
  • Willing to allow the lender to perform a credit check (some high-interest, high-risk lenders, like those offering payday loans, will not require a credit check)
  • Before you apply for credit, you should:
  • Make a plan for reducing your expenses over the term of the loan, so you don’t find yourself in a tight spot and unable to make your repayments
  • Make sure you’re dealing with a reputable company – always check that the web address of the lender starts with ‘https’ (rather than ‘http’) – this indicates the url is secure and your data is better protected
  • Seriously consider the details of your loan, including the term you’re opting for. The longer your term, the longer you’ll be saddled with debt and the larger your total interest will be.