Bad credit car loans
Helping Kiwis get into cars
If you've had financial difficulties in the past and need a vehicle, we may be able to help. We work with a panel of New Zealand lenders who have experience assessing customers with complex credit histories - and we're honest about what's possible.
What we can help with
- Applications with historic arrears or past defaults considered
- Current income and affordability are the primary assessment factors
- One application matched across multiple NZ lenders
- Fast decisions - most applicants hear back same business day
If you currently have multiple active defaults, significant unresolved debt, or income that doesn't cover your existing commitments, a car loan is unlikely to be the right step right now. If that's your situation, speaking with an independent financial mentor first may be more useful than applying.
Simple car finance
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What happens after you apply
You submit your application: Tell us about your financial situation and the car you're looking at. If you haven't found a vehicle yet, that's fine - we can assess a maximum lending amount so you know your budget before you start shopping.
We review your application: We assess your application and identify the options best suited to your financial situation.
When you've found a vehicle: Let us know the registration or VIN, the purchase price, and the odometer reading. We'll take it from there.
Paperwork and contracts: Once the vehicle details are confirmed, you'll need to complete a sale and purchase agreement. Loan contracts are issued electronically for signing.
Settlement: Once contracts are signed and the final paperwork is in order, we arrange payment directly to the dealer or seller.
What you'll need
To keep things moving smoothly, have the following ready before or shortly after you apply for your car loan:
- A current and valid New Zealand driver's licence
- Three months of bank statements
- Proof of income - bank evidenced, payslips or tax returns if you're self-employed
- If buying privately: a sale and purchase agreement. We have a template if you need one.
- If buying from a dealer: the customer information notice (CIN) and the signed Vehicle Sale and Offer Agreement (VOSA)
- Once your loan is approved: a certificate of insurance from your insurer confirming the vehicle is insured. Your insurer can provide this by email.
You don't need everything upfront. We'll let you know exactly what's required at each stage of the process.
How it works
Follow our three easy steps.
1
Apply online
2
We find you options
3
Choose & proceed
Car loan rates and terms
What you need to know about borrowing.
Loan amounts
$3k - $100k
AI matching
Fast decisions
Interest rates
from 8.45% p.a.
Fast funding
Same day*
Loan terms
1 to 7 years
Calculate your car loan repayments
Get an estimate of what your loan could cost.
What our customers say
See how we've helped people in situations like yours.
Why choose Nomu?
AI-powered technology that makes vehicle finance simpler and faster.
AI-powered matching
Our platform analyses your application and identifies the finance options best suited to your situation - faster than traditional processes allow
Built for New Zealand
We're a New Zealand company. We work with NZ lenders, and we serve NZ borrowers. Local ownership, local support, local focus.
Transparency & trust
No hidden fees or confusing jargon. We are upfront about how we work and how we're paid. No uncertainty, just clarity at every step.
