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.
|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.
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.
See for yourself what our clients think with over 104 5 star reviews on Shopper Approved.
Waikato, New Zealand
This was the fastest easiest process I have ever experienced. Everything was done online. So quick and easy. I am very happy and will dealing with Squirrel for any financing I need in the future their interest rates are very fair also.EM
Auckland, New Zealand
They were super quick and easy to use, no hassles and now I can finish the renovations on the home. Would highly recommendSB
Auckland, New Zealand
Very satisfied with the service from Squirrel Money the whole system is very easy to use and super efficient. Hassle free and the interest rates make it affordable as well. Most certainly will use Squirrel again.HL
Hawke's Bay, New Zealand
Quick easy application and great communication, very happy with the service at a reasonable rate. Thanks SquirrelDL
Wellington, New Zealand
Thank you fro the promp action on my request. I experianced the interaction as positive and well informed. Thank you. Kind regards DaleenPG
Whangaparaoa, New Zealand
Hi It was a pain free experience and very professional. The interest rates are excellent and a very fast loan process. Thank youHC
Auckland, New Zealand
Straight through hassle free process. Timely notifications from the team on each step of the way. Approachable, friendly and easy.T
Christchurch, New Zealand
Absolutely great experience with these guys Easy application, all online and money was in my bank the next day. Definately recommend and would use againU
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 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.
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 set up fee for a Vehicle Loan is $250. To find out how our fees work, check out this page.
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.