Interest rates

We believe in clear and easy to understand information

We understand that our customers are looking for a loan product that meets their individual needs. It maybe you are looking for a short-term loan – wanting to pay it off quickly OR you may prefer to have lower repayments AND you may want to be able to withdraw additional money from your account when you need to.

Our QuickDraw® Personal Loan Account offers you the flexibility to suit your needs.

The interest rate offered to you for a QuickDraw® Personal Loan Account will depend on your Credit Rating

Credit ScoreGradeInterest Rate
800 to 1000A9.95% p.a (fixed)
600 to 799B19.95% p.a (fixed)
lower than 599C29.95% p.a (fixed)

QuickDraw® Personal Loan Account Fees

Fee DescriptionAmount
Loan Establishment Fee$195
Establishment disbursements (Schedule of costs provided on request)Estimated $30
QuickDraw® Redraw Fee (When you withdraw on your account)$25
Monthly Account Fee$10
Payment Waiver Agreement (What is a Payment Waiver Agreement?)$2.29 weekly
Dishonoured Payment Fee$15
Penalty Interest Rate (charged on overdue portion of account)+10% p.a.

    Reviews from our clients

    Super easy to apply. Always willing to help. Very responsive to emails. Very professional people. They are the best loan company I have been with…
    Shannon – Hamilton, Feb 2021
    Jacquie from Grabaloan is amazing, whenever we need a top-up, she gets on to it straight away. Seamless process, fast and efficient service every time.
    Noa – Auckland, Jan 2021
    Fantastic experience, no hassle, no stress, Easy and convenient redraw process with fast response. Highly recommended and amazing staff that go the extra mile…
    Katie – Auckland, Dec 2020
    I have been part of Grabaloan for a few years and the financial assistance they provide has helped me out on many occasions when I just needed that extra money for car repairs or to help pay other bills…
    Patrick – Auckland, Dec 2020
    Really great outfit to deal with. Friendly communications, easy to deal with and a good system with the QuickDraw account. Would not hesitate to recommend.
    Allan – Lower Hutt, Dec 2020
    Such a great team always willing to go the extra mile. 1000% would recommend to anyone needing the extra help.
    David – Dunedin, Dec 2020
    So pleased with the on-going prompt friendly response. I’ve been a customer with this company for a year + now and the service has never been anything less than impressive. Thank you!
    Pauline – Wellington, Nov 2020

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