Car loans
Need some help to get new wheels? You can tailor a car loan that fits your budget, with fixed interest repayments. This is putting you on track.
Understanding the recent CCCFA changes
Consumer lending laws have recently changed, find out how this may impact you and your application.
Key features and benefits
The interest rate you get on a car loan will vary depending on a number of factors including the amount borrowed, term, your credit rating and security offered. The interest rate and repayment amount will remain the same for the term of the car loan.
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Choose a loan period from six months to seven years.
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The interest rate is fixed, but you can make additional repayments at any time, so you can pay off your loan faster.
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Fast answers - find out how much you can borrow by calling our team on 0800 549 454 or using our online application form and in most cases we'll be in touch within 24 hours.
Rates and fees
Interest rates |
Interest rates for secured car loans range from to |
Establishment fee |
$240, or free if you're a Graduate Pack customer As of 1 February 2021, we no longer offer our Graduate Pack to customers. |
Late payment fee |
$35 per late payment |
Payment handling fee |
You can make a loan payment in cash at your local PostShop, you'll be charged $1.50 per payment |
Interest rates are subject to change.
How it works
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Eligibility
You have to be at least 18 years old, a New Zealand resident and have a regular, stable income. You’ll also need a New Zealand Driver’s Licence suitable for the vehicle you’re buying. After you've received a quote and agree to go through the application process a credit check will be carried out.
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Vehicle requirements
The vehicle must be less than 20 years old when you take out the loan and have a current Warrant of Fitness and Registration when you buy it. You'll also need comprehensive car insurance.
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Interest rates
The interest rates on car loans vary depending on a number of things like how much you borrow, the length of time you'll be paying the loan off, your credit rating and how much the vehicle is worth (the car will be used as security for the loan).
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Conditional approval
Getting conditional approval means you can negotiate like a cash buyer and can buy anywhere – privately, online, at a car yard or an auction. Once you've found the car you want, we can transfer the funds the next business day if we have all the information we need.
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What we'll need to know
Details about your employment and income, rent or mortgage payments, anything you owe on other loans, overdrafts, credit or store cards (including the limits on those cards and your current repayments).
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Minimum loan
For car loan interest rates to apply, the minimum amount borrowed needs to be at least $6,000. For cars worth more than $2,000 but less than $6,000, you can apply for a personal loan.
Apply now
Apply online and we'll aim to get back to you within 24 hours (excludes Sundays). If you'd rather talk to someone, call us on 0800 549 454
Apply online
Apply online and we’ll get back to you within 24 hours in most cases (excludes Sundays). If you need any help with your online application call us on 0800 588 002.
Apply nowBy phone
You can apply over the phone if you're new to Kiwibank or already a Kiwibank customer.
Phone 0800 549 454.
Work out your repayments
Our personal loan calculator will give you an idea of what your repayments might be, how long it'll take to pay off the loan and what the total interest might be.
Standard terms and conditions
Make sure you read the Personal Loan Terms and Conditions (PDF 242.4 KB) to understand in full how our personal loans work.
Personal loans and car loans are provided by Latitude Financial Services Limited (“Latitude”). Kiwibank receives remuneration for referring a personal loan to Latitude. Latitude’s lending criteria, terms and conditions, and fees apply.
Repayment periods range from six months to seven years. The annual interest rate for secured car loans ranges from to . (If applicable, a rate of . applies for Kiwibank Home Loan customers and Kiwibank Graduate Package customers). Where new lending is consolidated with an existing Kiwibank or Latitude provided personal loan, a blended interest rate will apply. View the fees and costs you pay on car loans.