Thanks to the magic of technology, you can apply for a vehicle loan from anywhere that has the internet. Even at the beach in your budgie smuggler.
Take a squiz at our rates below and then use our handy calculator to figure out your repayments. Use the loan switch option to compare existing repayments to what you'd get with us.
|2 - 3 years||8.95%||11.45%||12.95%||15.95||17.95|
|5 - 7 years||9.95%||12.45%||13.95%||16.95||18.95|
Example: A borrowed amount of $10,000 over 2 years would result in repayments of $468 per month at 8.95% p.a. based on our highest A Grade risk grading. This monthly repayment includes a $250 establishment fee. Affordability and credit criteria apply. Maximum borrowing amount reduces based on risk grade.
Our Vehicle loan has you covered for two wheels to four wheels and everything in between. That's right, unlike many other lenders our vehicle loans are not just for cars.
Whether you're looking for a bike, a car, a camper, a trailer, a float or a tiny house, we've got a great loan to get you moving.
Our Vehicle Loans are transparent and there are no sneaky hidden terms or fees. No ongoing monthly account keeping fees and the ability to make extra payments or pay it all off early with no extra cost. Applying is quick and easy and done entirely online.
You wouldn’t choose a new car without test driving a few first, so don’t go with the first car finance option you find either. There are often hidden costs with car yard finance. Things to check:
With a Squirrel Vehicle Loan there are no sneaky hidden terms or fees.
You can make extra payments or pay it all off early with no extra cost. We can even pay the seller direct to get you into your new vehicle faster.
As long has you have all the necessary paperwork and ID you're good to go. Awesome experience. Will use it again in the future.
Paul, AucklandRead more reviews
Pay back your loan early at no extra cost.
We offer a fair and transparent deal. We've got great rates for those with good credit.
Apply for up to $70,000 over a term of up to 7 years. We offer flexible loans, on your terms so you’ll know exactly how much you’re paying and when you’ll be debt-free.
No need for meetings and paperwork. Apply for and manage your loan entirely online. Just make sure you have your NZ Driver’s licence or NZ Passport handy.
Through the concept of peer-to-peer, your loan is funded by Joe Bloggs down the road who has invested their extra cash into our platform. Think of it like Tinder for money; we match their investment with someone like you that's keen to borrow. Win-win!
We’re not the right lender for everyone. Our focus is on high quality creditworthy borrowers earning an income of at least $25,000 per year (you also can’t be earning the majority of your income from Government benefits). If you’re not good with money and have poor account conduct or a poor credit file, then we are unlikely to lend to you. Check out our Borrower Profile page for more on this.
Yes. You can repay your loan as quickly as you like and at no additional cost.
We've got 4 different loan types with varying limits from $20,000 to $70,000. Our loans start at just $1,000. To find out which loan type is right for you, check out our loan comparison table.
Our fees range from $0 to $500 depending what kind of loan you're after. For a full list of our fees check out our fees table.
There are no fat cats getting a cut here: your money is actually coming from other kiwis like your mate's uncle who lives down the road, through the concept of peer-to-peer lending. Think of it like Tinder for money; we match up people who want to invest their extra cash into our platform with customers who are keen to borrow. We just facilitate it, and the principal plus majority of your interest goes back to them. Win win! The rest of your interest (around 2%) goes into a Reserve Fund and another 2% into our platform to help keep it running. We're all about transparency here.
This depends on what type of loan you decide to go for but the minimum loan term is 1 year and the longest is 7 years. Once you have a loan you can pay it back as quickly as you like at no additional cost.
If you miss a payment we’ll follow up with you to find out what’s up and give you 5 days grace to get the account back in order. Should your account remain out of limit after this period you will be charged a default fee per month and begin accruing default interest on your loan account at 10%p.a. above your normal interest rate. The default fee will vary according to your loan type, for more details check out our fees table.
Squirrel hosts its data with Microsoft Azure – one of the largest cloud computing companies in the world. We also encrypt all personal and sensitive data.
We use an online verification tool – Credit Sense (a highly secure Australian Credit Reporting Body) to view your bank information. The Credit Sense process is quick, convenient and secure and allows us to process your loan.
While you're required to provide your internet banking login details during the Credit Sense process in our application, neither Squirrel or Credit Sense sees or stores your internet banking credentials. Your credentials are encrypted when you enter them, passed to your bank to allow us read only access to your transaction history, and then permanently deleted. If you'd like more info on Credit Sense, you can read more about how safe it is here.
See for yourself what our clients think with over 500, 5 star reviews on Shopper Approved
Hi It was a pain free experience and very professional. The interest rates are excellent and a very fast loan process. Thank you
- Hendrik C
Straight through hassle free process. Timely notifications from the team on each step of the way. Approachable, friendly and easy.
Absolutely great experience with these guys Easy application, all online and money was in my bank the next day. Definately recommend and would use again
everything has been handling really well and fast. The team is extremely professional and helpful. I would like to say special thank you to maggie, she was really nice and sensible in dealing with our requests.
- Shanchun C