What is a personal loan?
A personal loan is a lump sum you borrow and repay in regular instalments over a set term, usually without putting up an asset as security. People use them for all sorts of things, from rolling several debts into one repayment, to covering a medical bill, a wedding or a holiday.
Because the rate, fees and terms vary by lender and your situation, comparing a few options can be a great way to find a personal loan that fits your budget.
Why choose Armstrong's Finance for your personal loan?
Use it for almost anything
Debt consolidation, medical bills, a wedding, travel and more. One loan, many uses.
No impact on your credit score
Getting a quick quote won't affect your credit score. A full credit check only happens once you choose to proceed.
On your side
As a licensed financial advice provider, we make sure you get the right advice and the right loan for your needs.
Secured or unsecured, your choice
Go unsecured with no asset required, or choose a secured loan if it suits you better.
It's Simple
How it works
*All decisions are subject to responsible lending inquiries. Lender eligibility criteria, fees, terms and conditions apply.
Get a quick quote
Tell us a little about what you need to get an indicative estimate. There's no obligation to proceed, and it won't affect your credit score.
We compare the options
We compare personal loans across our lender panel and line up the ones that suit your situation, then talk you through them.
Submit your application
Once you're happy with a personal loan option, we’ll ask for information such as proof of income and ID to help process your full application.
Get your funds
Subject to responsible lending criteria and lender assessment, approved funds can be paid out quickly.
Compare personal loans across our lender panel
Rather than applying to lenders one at a time, we help you make a single application and to compare personal loans across a panel of 18+ lenders.
We look at the rate, the fees, the term and how flexible the repayments are, then line up the options that suit your situation, ready for you to review and choose.
As a licensed financial advice provider, we make sure you get the right advice and a loan that fits both your needs and your budget.
Why should you compare personal loans?
Two loans with a similar headline rate can still be pretty different for your situation when you dig a little deeper. When you compare personal loans, it pays to look at the whole picture, not just the monthly repayment:
- The interest rate, and whether it is fixed or variable
- Establishment fee, account fees and any early repayment fees
- The term, since a longer term can lower repayments but can cost more overall
- How flexible it is, including whether you can make extra repayments or clear it early
- The total amount repayable over the life of the loan
We weigh everything up for you and explain the trade-offs in plain language, with the legwork done before you commit.
FAQs
Eligibility
12 FAQsquestions
Eligibility
12 FAQsquestions-
What is the difference between a secured vs unsecured loan?
A secured loan uses an asset like a car or property, as security against the loan. If you default on repayments, the lender might be entitled to repossess that asset.
An unsecured loan requires no asset as security. If you miss payments, your property is not at risk, though fees and charges may still apply.
Armstrong's Finance works with lenders offering both secured and unsecured options. We'll help you find the structure that best suits your situation. -
What if I have bad credit?
We work with a panel of different lenders, and every application is assessed on its own merits. Even if you've had bad credit in the past, it's still worth applying. We'll do our best to find a solution that works for your individual situation.
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How do I know Armstrong's Finance is acting in my interest?
As a registered credit broker, we have legal obligations under the Financial Markets Conduct Act 2013 and the Responsible Lending Code to act in your best interests and provide advice that is suitable for your circumstances. We compare options across our lender panel and recommend the option we consider most suitable for you. We are remunerated by way of commission paid by lenders. Full details of our fees and how we are remunerated are set out in our Disclosure Statement, available on our website and on request free of charge.
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What if I have a complaint?
We're committed to resolving any concerns quickly and fairly. If you're not satisfied with our service, please contact us directly in the first instance. If we are unable to resolve your complaint to your satisfaction, you can refer it to [DISPUTE RESOLUTION SCHEME PLACEHOLDER, e.g., Financial Services Complaints Ltd (FSCL) or Financial Dispute Resolution Service (FDRS)], our independent dispute resolution provider. This service is free of charge to you. Details are set out in our Disclosure Statement and on our Complaints page.
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Can I apply if I'm self-employed?
Yes. We work with self-employed applicants regularly. You'll need to provide evidence of income (such as bank statements or tax returns), and we'll find the lender on our panel that suits your situation.
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Who can apply?
To apply for a loan through Armstrong's Finance, you'll need to:
- Be 18 years of age or older
- Be a New Zealand citizen, permanent resident, or hold a valid NZ work visa
- Have a regular, verifiable income
- Have a valid New Zealand bank account
- Have a valid form of ID (driver's licence or passport)
- Meet our credit assessment criteria
Every application is assessed individually. If you're not sure whether you qualify, get in touch and we'll talk you through it.
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What do you need from me to apply?
The application is straightforward. Here's what we'll ask for:
- Your personal details
- Your employment and income details
- Your monthly expenses
- Your bank account details and a 90-day bank statement
- A copy of your government-issued ID (driver's licence or passport)
Having these ready before you start will help speed things up.
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I’m currently unemployed, can I apply for a loan?
Absolutely. If you're currently unemployed, you're still welcome to apply. Get in touch with our team and we'll chat about your situation to see what options might be available for you.
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I’m self-employed, can I apply for a loan?
Absolutely. We work with self-employed applicants and sole traders. We'll ask for evidence of your business income, such as bank statements or financial accounts, to verify your cash flow as part of the assessment.
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I’m on a working holiday visa, can I apply for a loan?
Usually, you'll need to be a New Zealand citizen or permanent resident to apply. But there are some exceptions, so if you're on a working holiday visa, reach out to our team. We're happy to chat and see if we can help.
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Why do you need my bank statements?
Under the Credit Contracts and Consumer Finance Act 2003, we're required to assess whether a loan is suitable for you before proceeding. Your bank statements help us understand your income and expenses so we can make a responsible lending assessment.
We'll need three months of bank statements, which you can send through to our team as part of your application.
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What type of identification can I provide?
You just need a current New Zealand driver's licence or passport as your ID. That's it.
Loan Information
Armstrong's Finance Limited (FSP1012153) is registered on the Financial Service Providers Register (FSPR) and holds a Class 2 Financial Advice Provider licence and is authorised to provide regulated financial advice services in accordance with the Financial Markets Conduct Act 2013. Armstrong's Finance Limited acts as a finance broker and does not directly provide credit. All lending is provided by third-party lenders on our lender panel.
Remuneration: Armstrong's Finance Limited is remunerated by way of commission paid by lenders. The amount of commission varies between lenders and products. Armstrong's Finance Limited may receive different commission rates from different lenders. We manage this conflict by recommending products based on your individual needs and circumstances rather than the level of commission received. Full details are set out in our Disclosure Statement, which is available on our website and on request free of charge.
Lending criteria apply. All applications are subject to credit assessment, responsible lending inquiries, and individual lender eligibility criteria in accordance with the Credit Contracts and Consumer Finance Act 2003 (CCCFA) and the Responsible Lending Code (revised July 2024). Interest rates range from 7.95% p.a. to 29.95% p.a. on loan terms of 12 months to 7 years. Rates are fixed unless otherwise stated, are subject to change, and are based on individual credit assessment. Establishment fees vary between $0.00 and $2,500 depending on the type of loan arrangement, and are included in your loan structure and repayments.
Representative example: A loan of $20,000 over 5 years at an interest rate of 12.95% p.a. results in 60 monthly repayments of approximately $455, with a total amount repayable of $27,300 (excluding establishment fee). This is an indicative example only. Your actual rate, repayments, and fees will depend on your individual circumstances and lender assessment.
Dispute resolution: If you have a complaint that we are unable to resolve, you may refer it to Financial Services Complaints Ltd (FSCL), our approved dispute resolution scheme. This service is free of charge. Contact details are available in our Disclosure Statement and on our Complaints page.
Financial hardship: If you are experiencing financial hardship, you may be entitled to apply for a hardship variation under the CCCFA. Please contact us as soon as possible. See our Financial Hardship page for more information.
Your personal information is collected and held in accordance with the Privacy Act 2020. Please refer to our Privacy Policy for details of how we collect, use, and store your information.