The following are the fees and costs you pay on personal loans and car loans:
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.
$140 for Kiwibank Home Loan customers for either a personal loan or a car loan.
When you repay your loan in full early.
If you don’t pay an amount when due under your loan.
$35 per late payment.
When a payment to your loan account is made in cash.
$1.50 per payment.
Personal loans and car loans are provided by Latitude Financial Services Limited (“Latitude”). Kiwibank receives a commission for referring a personal loan to Latitude. Latitude’s lending criteria, terms and conditions, and fees apply. Rates and fees are effective as of 26 November 2015 and are subject to change.