Loans
First Credit Union Loans
Borrow for less with a loan from First Credit Union.
Our loans have competitive interest rates, easy repayment options and no application fees - which could save you hundreds.
Apply for a loan online and get a quick answer or apply at one of our branches.
Click here to see a quick video about our online loan application process.
Please note: There has been an update to legislation which changes how we can lend you money. For more information about these changes, click here.
Types of Loans
Important Information
*Normal lending criteria apply and T&Cs apply.
Normal floating rates range from 10.95% p.a. variable to a maximum of 18.00% p.a. variable
Minimum loan term 3 months. Maximum loan term 7 years.
No application fee and no early repayment penalties.
^Third-party fees such as credit check, credit sense, motor check, PPSR, Docusign and cloudcheck of up to $29.90 per applicant may apply. View our rates and fees here.
Example of the total cost of a loan
When getting a loan it is important to consider the costs involved.
Here is an example of the total cost of a secured car loan:**
| Borrowing | $10,000 |
| Application fee | $0 |
| Third party fee^ | $29.90 |
| Total | $10,029.90 |
| Total interest | $2,393.94 |
| Total amount payable | $12,423.84 |
Over a 4 year term at 10.95% p.a variable rate, weekly repayments would be $59.73.
**Figures are an indication only and does not include loan protection insurance.
^Third party fees of up to $29.90 for Credit Check, Credit Sense, Motor Check, PPSR, Docusign and Cloudcheck per applicant may apply.
First Credit Union's head office is at: 111 Collingwood Street, Hamilton, New Zealand