Peer-to-Peer loans in New Zealand

Access flexible business and personal loans from new Zealand’s leaning P2P sites.

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peer-to-peer loans in new zealand
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Cut out the middle man & save with a peer-to-peer loan

Whether you need a business or personal loan in New Zealand, these peer to peer loans will meet your needs at budget friendly rates.

This new and improved way of borrowing cash directly from investors will save you money and simplify credit management.

Frequently Asked Questions

Convenience & affordability with P2P loans online

Peer to peer lending has become so popular lately. Taking nothing away from the other methods of lending, peer to peer lending has become more convenient.

The reason is that you don’t have to go through the entire process of looking for a loan or using a loan comparison website to compare the hundreds of loan options available online.

The peer to peer lender is the person that goes above and beyond to ensure that you get the best available option for you and for your credit profile. Often proclaimed as miracle workers, they are anything but. They similarly assess your financial situation and then take up a decisive conclusion on the basis of your financial standing. The last thing they would want to do is give you a broker that charges rates that are too high without taking your individual credit profile into consideration.

Is peer-to-peer for me?

As people, you will always have a different credit preference than your neighbours and there is no problem with that. However, if you are looking for a personal loan and don’t really have the time to go from one credit provider to the next, then this is the right lending method for you. Furthermore, if you look at it, you will be giving the brokers the hard work of looking and all you will be doing as the client is signing on the dotted line. Pretty amazing right? It sure is and there isn’t much of a difference compared to the normal credit procedures an ordinary loan has.

How does peer-to-peer work?

People have a great misconception of thinking peer to peer lending is complicated, but it is actually the simplest way of finding credit because there is little to no work for you to do as the client. Peer-to-peer lenders may specialize in personal loans, short-term loans or business loans. Let us help you find the best peer-to-peer loan online today! All that is required from you is to submit the relevant documentation that they are going to request and look for a broker according to your terms and conditions. Here, the client gets to decide who he would like to work with and the reasons thereof.

We will never force you to work with any lender because we know that your credit standing and affordability is what often drives you as the client. Furthermore, the great thing about peer to peer lending is that the interest charges are far cheaper than most banks and credit providers since it is an online loan. This has proven to be a great initiative for the people that need that financial assistance but doesn’t have enough money to pay for the interest charges.

What steps must I take to apply for a peer-to-peer loan?

If you would like to apply for a loan, you have to ensure that you are working and that you earn a decent salary. In essence, that is the only way you are going to be able to pay for your loan. Secondly, you have to be above the age of 18 years. By this age, we deem a person matured and conscious of all the plans he is undertaking.

If you qualify for government benefits, you will be required to have a secondary income that will serve as your salary because we don’t want you to utilize all your benefits on your loan repayment. Lastly, you have to ensure that you are a New Zealand citizen or that you have permanent residency to stay in New Zealand. It makes thing so much easier when we work with people that are always going to be locally available. Imagine if we have to go around the world searching for someone to come and settle their loan, pretty hefty job right?

The benefits of a peer-to-peer loan

  • Loan applications can be made 100% online
  • Loans usually payout in less than 24 hours
  • The fees and interest charged on peer-to-peer loans is lower
  • Peer-to-peer loans offer both a personal loan option as well as business loans

Peer-to-peer loan calculator

The interest rate of a loan will vary based on your credit score and risk profile.
This loan calculator is for illustration purposes only.
The use of this quick loans calculator is subject to our terms of use.

List of direct lenders offering P2P loans

  1. Lending Crowd Peer-to-peer loan

    Lending Crowd

    • Loans up to $200,000
    • Term up to 5 years
    • Interest from 5.03%
  2. Zagga Peer-to-peer loan


    • Loans up to $2,000,000
    • Term up to 5 years
    • Interest from 5.05%
  3. Harmoney Peer-to-peer loan


    • Loans up to $70,000
    • Term up to 5 years
    • Interest from 6.99%
  4. Money Hub Peer-to-peer loan

    Money Hub

    • Loans up to $100,000
    • Term up to 120 months
    • Interest from 5.03%
  5. Squirrel Money Peer-to-peer loan

    Squirrel Money

    • Loans up to $2,000,000
    • Term up to 30 years
    • Interest from 2.79%
  6. Pocket Wise Peer-to-peer loan