Personal loans interest rates and fees

Interest rates

	Current rate
Personal loan for
Personal loan for
	From to *

Interest rate available for new lending on personal loan applications drawn down from 1 September 2015, subject to lending and credit criteria. Where new lending is consolidated with an existing Kiwibank or Latitude provided personal loan, a blended interest rate will apply. The interest rate and repayment amount will remain the same for the term of the personal loan.

* Interest rate on car loans will vary depending on a number of factors including 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.

Fees

Here are the fees you pay on personal loans and car loans:

Fee type	Amount
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	What you'll pay if you don’t pay an amount when due under your loan: $35 per late payment
Payment handling fee	What you'll pay when a payment to your loan account is made in cash: $1.50 per payment

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