Interest Rates & Costs for Personal Loans - Grabaloan by New Zealand Finance Ltd

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 the option to do top ups and to have a revolving credit facility.

Our QuickDraw® account offers you the flexibility to be what you need it to be.

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

Credit Score	Grade	Interest Rate
800 to 1000	A	9.95% p.a (fixed)
600 to 799	B	19.95% p.a (fixed)
lower than 599	C	29.95% p.a (fixed)

QuickDraw® Account Fees

Fee Description	Amount
Loan Establishment Fee	$195
Establishment disbursements (Schedule of costs provided on request)	Estimated $30
QuickDraw® Redraw Fee (When you redraw 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

The customer service I have received over the last 9 months from Grabaloan has been amazing!!! Simple, hassle-free, prompt, efficient and friendly.

Fiona F, Nov 2019

Prompt communication and very helpful in every way and I feel I can talk to a person without being judged for my past. I would recommend their service to others.

Athena I, March 2020

Thanks Grab A Loan – more businesses – including financial lenders – need to take a page from your customer services book and your company in general!

Tina H – Oct 2019

Absolutely the best finance company I’ve dealt with… I recommend to all, easy repayments that suit your budget. Friendly staff, quick replies. You just need to try them out, and find out for yourself.

Shannon H, March 2020

I have dealt with Jacquie, and she is AMAZING, very compassionate and is so awesome to deal with. More loan companies should be like NZ Finance.

Victoria K, Feb 2020

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