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

Apply for a personal or car loan now

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 1 December 2017 and are subject to change.