Our no and low interest Good Loans are designed to help New Zealanders with limited incomes purchase essential household goods and services.
Focused on long term financial wellbeing
What are these loans for?
The above is a guide only. Your Good Loans Advisor can discuss loan purposes with you. Loans are not for cash or existing bills.
Our DEBTsolve programme combines specialist debt coaching and advocacy with debt solution loans for unmanageable debt.
Who are these loans for?
You may be able to apply for a no or low interest loan if your yearly income is less than the amounts listed in the table below:
These amounts are a guide only.
These thresholds are current as at 1 April 2022 and are subject to change.
limited incomes improve their quality of life
“When you can’t eat what you like, everything is very bleak & dark. The loan has made an enormous, huge difference.”
– Maria, paid for dental work.
“I really liked that they made sure I would be able to keep up with the repayments and not be left in financial strife.”
– Nicky, bought a used car.
“My daughter has health problems & has to go to hospital. Now I’ve got a vehicle to take her to the medical centre.”
– Billy, bought a used car.
- $300 – $2,000 at 0% interest p.a. fixed for the repayment term of up to 18 months
- $1,000 – $5,000 at 6.99% interest p.a.* fixed for the repayment term of three months to three years
- Debt solution loans for $1,000 – $15,000 at 6.99% interest p.a.** fixed for the repayment term of three months to five years
How do they work?
Call your local Good Loans Advisor
If you are not able to visit your provider in-person, please call our phone-based team
We are open from 8:30am – 6:00pm, Monday – Friday.
StepUP Loan only – If you are offered a loan you’ll have 30 days to confirm the item(s) you intend to purchase and provide evidence as to the cost. Approved purchase only, paid directly to suppliers/creditors (no cash loans).
*BNZ terms and conditions and lending criteria apply.
**Loans between $5,000 and $15,000 may be provided as part of our DEBTsolve programme.