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FAQ's

Personal Loans

What types of loans do you offer?

We offer personal loans up to $100,000, and debt consolidation loans up to $200,000, tailored to meet your financial needs. These are mostly unsecured but where security is used a rate discount can be applied.

What is the interest rate for your loans?

Our interest rates are competitive and start as low as 8.99% AIR. Rates may vary based on your credit profile and loan terms.

How much can I borrow?

You can borrow anywhere from $3,000 to $200,000, depending on your eligibility, financial situation, lender and loan type. We can guide you through the best options for your financial circumstances. 

What are the repayment terms?

Our loan repayment terms range from 12 to 84 months, giving you the flexibility to choose a schedule that suits your budget. You can always elect to pay more with most of our lenders not charging any early settlement fees.

Eligibility

Who is eligible to apply for a loan?

To be eligible, you must be a New Zealand resident or citizen, or on a work visa, be at least 22 years old, and have a regular income.

Do I need a good credit score to apply?

While a good credit score helps, we consider applications from individuals with various credit backgrounds. Our goal is to find the best solution for you.

What documents do I need to provide?

You will need to provide identification, proof of income, and bank statements. Additional documents may be required based on your application.

Can I apply if I am self-employed?

Yes, self-employed individuals can apply. We may require additional documentation to verify your income.

Process

How do I apply for a loan?

Simply fill out our online application form, which takes just a few minutes. Once submitted, our team will review your application and get back to you promptly.

How long does it take to get approved?

Most applications are processed within 3 hours. Once approved, funds are typically transferred to your account within one business day.

Can I track the progress of my loan application?

Yes, you can track the progress of your loan application through your client portal, keeping you updated every step of the way.

What happens after my loan is approved?

After approval, you'll receive a digital copy of your signed loan agreement. The CCCFA grants you a reconsideration period to review and, if necessary, cancel the contract.

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  • Loans
    • Debt Consolidation
    • Home Improvements
    • Life Milestones
    • Large Purchases
    • Travel & Adventures
    • Sudden Emergencies
  • Blog
  • FAQ's
  • About
  • Careers
  • Contact Us
  • Privacy
  • Insurance
  • Website T&C's
  • Application T&C's
  • Responsible Lending
  • Important Information

The Annual Interest Rate (AIR) for Personal Loans is variable, ranging from 8.99% to 29.99% p.a. and loan terms from 1 year to 7 years. For illustration purposes, a Personal Loan of $10,000 over 5 years at 12.99% AIR results in monthly payments of $227.34, with a total repayment sum of $13,640.40, reflecting an Annual Percentage Rate (APR) of 16.00%. Quoted totals do not include optional Payment Protection Insurance or Lender Establishment Fees which range from $117 to $395. 

Credia Limited (FSP 1005124, trading as Lenny) is a Financial Advice Provider Licenced by the Financial Markets Authority (FMA) to provide financial advice and is a member of the Financial Disputes Resolution Service (FDRS), FM6548. Disclosure Statement. Our services are provided in accordance with our Terms and Conditions.

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