Bad credit loans
Helping Kiwis get back on track
A personal loan can help you consolidate debt, cover an unexpected cost, or manage a life event. Tell us your situation and we'll do the legwork, assessing your application and presenting the options that fit.
Apply online in minutes, borrow from $3,000 to $100,000 over 1 to 7 years, with fast decisions and funding typically available within 24 hours of approval.
If you currently have multiple active defaults, significant unresolved debt, or income that doesn't cover your existing commitments, a personal 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.
Personal loans
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What happens after you apply
You submit your application: Tell us about your financial situation and what the personal loan is for.
We review your application: We assess application and identify lenders whose criteria match your current position.
When present you options: If suitable optiosn are identified, we'll present them clearly with rate, term and repayments.You decide what works for you.
Paperwork and contracts: Once you've confirmed your options, loan contracts are issued electronically for signing.
Settlement: Once contracts are signed and the final paperwork is in order, we arrange payment directly to you.
What you'll need
To keep things moving smoothly, have the following ready before or shortly after you apply for your personal loan:
- A current and valid New Zealand driver's licence or passport
- Three months of bank statements
- Proof of income - bank evidenced, payslips or tax returns if you're self-employed
- Details of any existing loans or commitments
- If your loan is approved, we may require settlement quotes for any loans being consoldated (if consolidating debt) and completion of biometric identification
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 for a personal loan.
1
Apply online
2
We find you options
3
Choose & proceed
Personal 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 loan repayments
Get an estimate of what your personal 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.
