Backed by SBS Bank since 2000, Finance Now has grown from a home-office start-up into a billion-dollar New Zealand finance company
What you need to know about this loan
- Loan amounts offered: $1,000 to $60,000
- Loan terms (monthly): 6 to 60 months
- Payment methods: Weekly or monthly repayments, set up as automatic payments from your bank account
- Interest rate: Fixed, from 8.45% p.a. to 29.95% p.a., plus a $215 establishment fee and a $2.50 monthly service fee
Pros
- Fast decisions: applications are reviewed quickly, with many approvals coming back within 1 hour and funds landing in your account within 24 hours.
- Transparent pricing: the $215 establishment fee and $2.50 monthly service fee are disclosed before you sign, so your repayment total holds no hidden costs.
- High borrowing ceiling: approved applicants can borrow up to $60,000, enough to cover flights, accommodation, and spending money for a big family trip.
- Flexible terms: repayment terms stretch from 6 to 60 months, so you can shape the loan around your weekly or monthly budget.
- No penalty for paying early: clear a lump sum or finish the loan ahead of schedule without an early repayment fee, cutting your total interest.
Cons
- Top-tier rates run high: borrowers with a thinner credit history may be offered rates near the 29.95% p.a. ceiling, well above the advertised low.
- Fees apply regardless of loan size: the $215 establishment fee and $2.50 monthly service fee are charged even on smaller, short-term travel loans.
Why choose finance now for your loan?
ANZ’s personal loan is priced at a fixed 13.90% p.a., with a $3,000 minimum. Finance Now’s Holiday & Travel Loan can start from 8.45% p.a., with borrowing available from just $1,000.
Westpac’s own site confirms its standard personal loan rate at 13.90% p.a. Finance Now’s travel loan can start from 8.45% p.a., a meaningfully lower entry point for well-qualified borrowers.
ASB’s unsecured personal loan carries a fixed rate of 13.90% p.a. Finance Now discloses a full 8.45%–29.95% p.a. range, so well-qualified borrowers can access a materially lower rate.
BNZ’s Advanced Personal Loan is priced from 12.90% p.a., but only open to existing BNZ customers. Finance Now welcomes any eligible New Zealand citizen or permanent resident, no relationship needed.
Heartland Bank has stopped offering unsecured personal loans to new customers altogether. Finance Now’s Holiday & Travel Loan, priced from 8.45% p.a., remains open to new applicants today.
How to apply for your Holiday & Travel Loan
Your trip won’t book itself, apply online in minutes, get a decision fast, and have funds ready to cover flights, accommodation, and everything in between before the good deals disappear.