Whether you’re using it for a new car, to renovate your home, consolidate your debts or for something else, at Unity we offer some of the lowest personal loan rates in New Zealand^, with both 9.9% p.a.* secured loans and 12.9% p.a.* unsecured loans.

No matter what you’re using your loan for, applying for one of our competitive interest rate loans couldn’t be easier. Simply apply for a personal loan online and fill out our online loan application form, or call us on 0800 229 943.

Alternatively, just send us a message and one of our helpful customer service team members will work with you to determine the exact details of your loan, including amount, repayments, and the terms so that you receive a loan that best suits you and enables you to live your best financial life.

What happens after I’ve submitted my application?

Our team aims to review your application and contact you within 1-2 working days of you submitting your personal loan application. During this process, we may require extra details or supporting documents, which we use to help us make an informed decision on your application.

^Source: as published on www.interest.co.nz.

When you apply for a personal loan with Unity, we need to ask a few simple questions about your financial situation, such as income and expenses, and some personal details such as your name and residential address.

This information informs us of your eligibility for a loan, and helps us make an informed decision on how much you can apply for and the rate of interest your loan will be charged at.

This information includes:

Personal information

Personal information such as your name, a photograph and date of birth help us to confirm that you’re you!

• Full name
• Residential address
• Date of birth
• Driver licence details

Demographic information

• Your current marital status and / or any dependents
• Your residential status
• Current and previous employment details

Financial & employment information

If your salary or wages are already deposited into your Unity account, then you may not need to supply any additional documentation as we’ll be able to verify your income from your account information. However, you may need to supply statements for other bank accounts or debts that you have.

If you’re not already a Unity customer, or have your wages paid into a different account, then we’ll need to see proof of your income and financial information, such as:

• Proof of your income, including current payslips that details your annual income or your last three consecutive payslips.
• Other existing loans, debts, expenses, assets or liabilities, which will help us assess your application and current financial situation.

At Unity, we make receiving your loan funds simple and straightforward.

How your loan is paid will depend on what the funds are being used for.

We can:

• Pay a car dealer or vendor directly if you’re purchasing a vehicle or other large item
• Repay your existing lenders or credit providers if you’re consolidating debt
• Transfer the funds into your Unity account or another New Zealand bank account for general purchases or personal expenses (such as travel, car repairs or home renovations).

If your loan is for debt consolidation, paying your creditors directly can help make the process easier and ensure those debts are cleared straight away. For vehicle purchases, direct payment to the seller can also help speed things up.

Before any funds are released, your loan documents will need to be completed and any lending conditions met. Your lender will talk you through how the funds will be paid as part of the application process.

Yes, Unity does consider personal loan applications from self-employed applicants.

You’ll generally need to show that your income is stable and that you can comfortably afford the repayments. For self-employed applications, we may ask for:

• Your latest tax assessment notice and/or financial statements
• Evidence of around two years of trading history
• Details of your income, expenses, debts, and living costs
• Bank statements if needed as part of the assessment process

As a self-employed application, you’ll also need to meet the following criteria:

• 18+ years of age.
• A permanent resident of New Zealand.
• Adequate proof of identity.
  (Note: Co-borrowers are allowed to join an application for a loan).
• Permanent or fixed address, either as an owner, buyer or renter. This includes boarders who are sharing or living with their parents.
• Discharged Bankruptcy, NAP (Non-Asset Procedure) or SIO, which must be declared.
• A demonstrated capacity to service (repay) the loan.

 You can apply online or speak with a lender directly if your income situation is a bit more complex.

A bad credit score doesn’t always mean you can’t get a personal loan with Unity.

Every application is assessed individually, taking into account your overall financial situation, not just your credit score. While a lower credit score may affect the interest rate or loan amount, it doesn’t automatically mean your application will be declined.

As part of the application process, we’ll complete a credit check and look at things like:

• Your income and employment
• Your current debts and financial commitments
• Your repayment history
• Your ability to comfortably manage the loan repayments

Our goal is to understand your full financial position and whether the loan is affordable and suitable for you.

Please note:

• Applicants must not be currently bankrupt
• Applicants must not be in a No Asset Procedure (NAP)

If you’re unsure where you stand, our team can talk you through the process and help you understand what information may be needed as part of your application.

No. You can apply for a Unity personal loan from anywhere in New Zealand.

While we have branches across the country, you don’t need to visit one to apply. Our lending team can support you remotely by phone and online, making the process simple and convenient no matter where you’re based.

You can:

• Apply online anytime
• Speak with one of our team over the phone
• Visit a local branch if you'd prefer face-to-face support

Whether you’re in a main centre or a smaller town, we’re here to help make the application process as straightforward as possible.

As a member-owned organisation, Unity exists to support our members, not external shareholders. That means we focus on providing fair, competitive lending with simple and transparent pricing.

Our current rates start from:

• Secured personal loans from 9.9% p.a.^
• Unsecured personal loans from 12.9% p.a.^

Your actual interest rate will depend on your individual circumstances, including your credit history, financial position, loan amount, and ability to comfortably repay the loan.

We also believe in being upfront about costs. Before your loan is approved, we’ll clearly explain:

• Your interest rate
• Any applicable fees
• Your repayment amount
• Your loan term

That way, you’ll know exactly what your loan will cost before making a decision.

Learn more about Unity's rates and fees here.

^Source: as published on www.interest.co.nz

We’re dedicated to helping you live your best financial life as soon as possible, which is why our loans are generally paid out to you on the same day. That’s right! Simply apply for one of our loans, sign your Unity personal loan contract (either electronically or physically), and we’ll endeavor to transfer the funds on the same day.

If you’re wanting the funds transferred to an account held with another bank, we can do this too. Though this transfer will generally show in your account on the following working day.

If you’re applying for a loan for a specific purpose? Just let us know and we’ll transfer your loan funds directly to a third party. This could be your creditors if you're rolling all your loans into one, or to the vendor or dealership when you’re purchasing a new or used car.

Making extra payments on your Unity personal loan is easy

For one-off extra payments, you can transfer funds directly to your personal loan account using:

• Internet Banking
• Mobile Banking app
• A standard bank transfer

You can make extra payments whenever it suits you.

If you’d like to increase your regular loan repayments, our team can help set this up for you. Simply call us on 0800 229 943 and we’ll talk you through your options.

Making extra repayments may help you:

• Reduce your loan balance faster
• Pay less interest over the life of the loan
• Become debt free sooner

How can I pay my loan off in one payment?

Are you ready to pay off your loan in full? Just give us a call on 0800 229 943 and we’ll provide you with a final payout figure. This amount will include your remaining loan balance and any interest owing up to the payout date. Once you have the final figure, you can:

• Transfer the payment from your bank account
• Make the payment through Internet Banking
• Ask us to transfer funds from your Unity savings account, if applicable

Whichever works best for you!

To be eligible for a personal loan from Unity, you need to fit the following loan criteria:

• 18+ years of age
• A NZ Citizen or holder of a Permanent Resident Visa
• Adequate proof of identity
• Co-borrowers are allowed to join an application for a loan

• Employment
• Full time, permanent part-time, or casual
• Permanent or fixed address, either as an owner, buyer or renter. This includes boarders who are sharing or living with their parents
• Discharged Bankruptcy, NAP (Non-Asset Procedure) or SIO, which must be declared
• A satisfactory credit report.

Do you still have questions about your eligibility? Give us a call on 0800 229 943 and one of our friendly team will answer any questions you have.

Apply now