The SBS Personal Loan, provided by Finance Now (a subsidiary of SBS Bank), lets you borrow between $1,000 and $60,000 over a term of 6 to 60 months, with the interest rate fixed before you sign, so you know exactly what you’re committing to from the start.
SBS Personal Loan: best loan for debt consolidation
Instead of tracking several due dates and interest rates, you make one repayment on a schedule that matches your payday — weekly, fortnightly, or monthly.
Because the interest rate is agreed upfront and fixed for the full term, your consolidated repayment won’t shift with the market, making budgeting far simpler.
Should I get a Personal Loan from SBS Bank?
SBS Bank isn’t a typical bank, it’s a mutual, member-owned institution that has operated in New Zealand since 1869, starting when founder James Walker Bain walked 204km from Dunedin to Invercargill to help Southlanders save and borrow safely.
Personal loans are handled through Finance Now, SBS Bank’s specialist lending subsidiary, which has already helped more than 530,000 New Zealanders access finance, alongside partnerships with over 1,500 retail stores and 400+ motor vehicle dealers nationwide.
How to get a loan from SBS Bank/ Finance Now?
To get the SBS Personal Loan, you need to:
- Be a New Zealand citizen or permanent resident currently living in New Zealand
- Be at least 18 years old
- Provide your income details (weekly, fortnightly, or monthly after-tax income)
- Have your employment information ready
- Present valid proof of identity (passport or driver’s licence)
Apply for the loan:
- Complete Finance Now’s online application form in a few minutes
- Get a decision, subject to responsible lending checks — often within hours
- Receive your approved funds, typically by the next business day
FAQ
Can I get a loan from SBS Bank without a job?
Finance Now’s standard application asks for employment information and income details as part of assessing every application, so verifiable income is generally expected. If your circumstances are different, it’s worth contacting Finance Now directly to discuss your options.
How much will I get approved for the SBS Personal Loan?
Approved amounts run from $1,000 to $60,000, but the exact figure depends on your income, credit history, and whether you choose a secured or unsecured loan — secured borrowing can unlock both a higher limit and a lower rate.
How to pay off the SBS Personal Loan?
You can repay via weekly, fortnightly, or monthly instalments matched to your payday, and you’re free to make extra repayments or clear the loan early at any time with no penalty fees.
How to cancel a loan application with SBS Bank?
Cancellation terms depend on where you are in the process and the disclosure documents you’ve received. Contact Finance Now directly, or check your loan agreement, to confirm your specific cancellation rights.