How does Nomu Finance work?

Nomu Finance uses AI-powered technology to match you with the right lender, fast. Instead of applying to multiple lenders individually, our platform analyses your application against our panel and shows you who's likely to say yes. One application, multiple lenders, faster decisions. Built in New Zealand, for New Zealand borrowers.

Does it cost anything to apply?

There's no cost to apply or get approved. If you accept a loan and it's funded, we may charge an Introducer Fee. Lenders may also charge an Establishment Fee. All fees are disclosed upfront before you proceed.

Who is eligible to apply?

You'll need to be at least 18 years old, a New Zealand citizen, permanent resident, or have a valid work visa. You must also have regular income.

How long does it take?

The application takes about 5 minutes. We typically review and submit to lenders as soon as you have completed the application and provided the required documentation. Once approved, funds are usually available within 24 hours.

How much can I borrow?

Between $3,000 and $100,000. The exact amount depends on your income, expenses, credit history, and which lender you're matched with.

What can I use a loan for?

Most things. This includes buying a car, consolidating debt, home improvements, or other personal needs. We'll help match you with lenders who specialise in what you're after.

What interest rates should I expect?

Rates from our lender panel range from 8.45% to 29.95% p.a. Your rate depends on your credit history, income, loan amount, and the lender you're matched with. We'll show you the rate before you commit.

All fees are shown upfront before you proceed and will be clearly outlined in our disclosure and the loan offer from our finance partner. Fees may include an introducer fee, an establishment fee and account maintenance fees. We'll provide a comprehensive breakdown of all application fees before you commit to a loan.

Will applying hurt my credit score?

No. Our initial application doesn't affect your credit score. A credit check will only impact your score if you decide to proceed with the application. Managing a personal loan well (By making full, regular on-time payments) may help improve your credit score over time, as it shows good financial behaviour. However, loans can negatively affect your credit score if you miss payments or you default on the loan.

Can I apply if I'm self employed?

Yes. If you can provide evidence of your income and your ability to repay the loan, our lending partners are happy to consider your application.

What documents do I need?

You will need to provide a photo ID (driver's license or passport), recent bank statements (3 months), and proof of income (bank statement, pay-slips, employment letter or tax returns). We require these documents in order to assess your loan application and to comply with New Zealand regulations. Once you apply we will let you know if other documents are required.

Can I track my application?

Yes. You'll get SMS and email updates throughout the process. You can access your online portal for updates, or you can contact us directly.

What happens after I submit my application?

We review your application, match you with suitable lenders from our panel, submit your application to them, and keep you updated on their responses.

Is my information safe?

Yes. We use bank-level encryption to protect your data and comply with New Zealand privacy laws.

Who sees my information?

Only lenders we've identified as potentially suitable for your situation. We'll tell you which lenders we're approaching before we submit.

How do I make repayments?

Most lenders use direct debit from your bank account. Your lender will provide full repayment details and options.

What if I change my mind?

Your loan has a 'cooling-off period' where you can review and if necessary, cancel your contract. Please check your loan agreement for specific terms.

What is loan protection insurance?

Insurance that covers your loan repayments if you can't work due to sickness, injury, or redundancy. The cost is added to your loan amount if you choose it.

What other insurance is available?

For vehicle loans, we can also offer Mechanical Breakdown Insurance and Guaranteed Asset Protection. All insurance is optional.

Glossary of terms

The terms you are most likely to encounter when applying for a personal loan or vehicle finance in NZ

Finance terms explained

Lending comes with its own language. This glossary covers the terms you are most likely to encounter when applying for a personal loan or vehicle finance in New Zealand.