Our Vehicle Loan is for anything on wheels

Apply online for an amount between $1,000 and $70,000 using your vehicle as security.

Apply for a Vehicle Loan

Applying is fast, secure and easy

Looking for a better deal on your existing car loan or getting ready to buy? We'll get you behind the wheel of your new car, tiny house or unicycle with a vehicle loan.

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.

Use our handy calculator below to figure out your repayments. 

What will your vehicle loan repayments be?

Work out your regular repayments and how quickly you could pay off your personal loan.

Amount I want to borrow (minimum $1,000)
maximum amount is $ for this borrower grade
With repayments to be over
How good are you with money?

Our interest rates

Risk Grade A B C D E
2 - 3 years 8.95% p.a. 11.45% p.a. 12.95% p.a. 15.95% p.a. 17.95% p.a.
5 - 7 years 9.95% p.a. 12.45% p.a. 13.95% p.a. 16.95% p.a. 18.95% p.a.

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. 

Why choose a Squirrel Vehicle Loan?

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. 

Feet out of car window
Mini Cooper cab

Things to think about when choosing vehicle finance

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:

  • How much extra will it cost you if you want to pay off the car loan early?
  • Is there only one establishment fee or are you going to get charged a monthly account keeping or broker fee?
  • Is there an unsecured loan available or do you have to use your vehicle as security?
  • How fast can you get approved to get into your new vehicle?

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.

What's good about a Squirrel Vehicle Loan?

No early repayment penalty

Pay back your loan early at no extra cost. 

Low interest rate

We offer a fair and transparent deal. We've got great rates for those with good credit. 

Flexibility and choice

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.

Do it all online

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.

Where your money is coming from

Through the concept of peer-to-peer, your loan is funded by other kiwis who have invested their money into our platform. Think of it like Tinder for money; we match their investment with someone like you that's keen to borrow.

Is a Squirrel Vehicle Loan right for you?

We're not the right lender for everyone. Our focus is on high quality borrowers who pass the following creditworthy checks with flying colours.

Credit history
Employment history
Repayment capacity
Bank account conduct


Will Squirrel lend to me?

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.

Can I repay my loan early?

Yes. You can repay your loan as quickly as you like and at no additional cost.

How much money can I borrow?

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

How much does it cost to borrow?

Our set up fee for a Vehicle Loan is $250. To find out how our fees work, check out this page.

Where does the money come from?

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.

How long can I borrow for?

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.

What happens if I miss a payment?

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.

How safe is my banking information?

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.

Let's get your wheels rolling