Get started on your mortgage
Buying your first home, investing in property or just keen to review your mortgage?
Fill out our online applicationInvest in Personal Loans
Earning great returns with regular repayments has never been easier. Our investors have never had a missed payment to date, and we intend to keep it that way.1
Invest now
Sit back and watch your returns grow
- Get returns on your money between 6.0% and 7.5%p.a.
- Receive monthly or fortnightly repayments
- Get your money out early with the secondary market
- Our unique Reserve Fund helps lower your risk
- Support other Kiwis. Squirrel is Kiwi owned and operated.
Choose to invest from 1 – 7 years. Our interest rates for personal loans are fixed, therefore you can count on your monthly or fortnightly income to be consistent for the duration of your investment.
Current market interest rates for Personal Loans
Better returns
Investments in personal loans receive fixed returns between 6.0%p.a. and 7.5%p.a depending on the investment term.
Flexible term options - take your pick:
-
1-year interest-only investment
-
Amortising investments over 2/3 or 5/7 year terms
Our Reserve Fund lowers risk for investors
Our Reserve Fund helps protect against missed borrower repayments and defaults, provided there are sufficient funds available. Find out how it works here.
The power to get your money out early
The Secondary Market provides Investors the opportunity to sell an investment and get their money out early. Find out more here.
We aim to lend to quality, credit-worthy borrowers
Squirrel doesn't lend money to just anyone. We do our due diligence on every borrower to ensure they're creditworthy and have the capacity to service loan repayments.
Manage your investment anywhere, any time
We have a fast, easy, online registration process and a mobile app to manage your ongoing investments.
507,072
Funds currently available to the Reserve Fund for Personal Loans
1Our number one priority is looking after your invested money. One of the main ways we do this is through our Reserve Fund. Find out about how it works here.
2The Reserve Fund for Home Loans includes cash on hand and an overdraft facility of $100,000 provided by Squirrel Money Limited supported by a bank guarantee
Personal Loans funded in the last 7 days
42,011
26,000
4,750
11,261
The risk and return
It's important to remember that no investment comes without some risk. The interest you receive is also indicative of the potential risk for the type of investment you choose.
This visual shows each of our investment options and how they stack up, to help you make a decision. If you like detail, read up on all the possible investment risks here.
Our investors love what we do
See for yourself what our clients think with over 88 5 star reviews on Shopper Approved.
Jiri C
Auckland, New Zealand
I've been with Harmoney for almost 3 years and your platform is far more superior, will move to you little by littleJC
PAK
Auckland, New Zealand
Very happy with my Squirrel investment. Platform works well and so easy to monitor using the app. Returns are good and much better than at the bank. Have been an investor since Jan 2016. Highly recommended.P
Rudi P
Auckland, New Zealand
I'm very excited about using the Squirrel platform to diversify my investment portfolio. Looking forward to many great returns.RP
Geoffrey S
Christchurch, New Zealand
Nice website (clean, easy to use). Reserve fund is a reassuring plus. As a newcomer, still feeling my way with bidding strategy. Overall, very good impression so far.GS
JAMES E
Naseby, New Zealand
I am a new investor, and while I cannot make any long term comments about Squirrel, so far my experience has been totally positive.JE
Susan H
Whangarei, New Zealand
Quick and easy to navigate your site. Easy to select what investment return to choose and you dont have to put all your funds into one loan.SH
Herman
Auckland, New Zealand
Initially I was a bit skeptical about the whole concept, so I invested a small amount to get a better understanding. Once I found out how to work the platform, I got more confident and have since invested a few more times.H
Michael S
Wellington, New Zealand
Customer service is excellent - very helpful and very quick with answers via email. I'd like to see some demo/ tutorial videos on the website :)MS
How your investment is helping other Kiwis get ahead
Our clients borrow from us to fund things like renovations and significant purchases for the home, debt consolidation, tiny homes, vehicles and other things like travel and weddings.
We take our responsibility as a peer-to-peer lender seriously and take a conservative approach when it comes to who we lend to. This includes inspecting their credit history and affordability to make sure they're up to a standard our investors are happy with.
Have a read of our investor booklet for more info.
Dig into the details
Here's the nitty-gritty on the Personal Loans we offer to our borrowers, and what they mean for you as an investor.
Homeowner's Loan - 1 year investment
As the name suggests, this loan is specifically for borrowers who own their own home, and the purpose is to fund renovations and significant purchases for the home.
- Loan amount: Between $1,000 and $70,000
- Security: Able to be secured via caveat over borrower's home for Loans above $20,000, can be unsecured for loans below $20,000
- Investor Repayments: Monthly interest-only payments at the fixed rate for the first year. After 12 months, investments will automatically be put up for selling on the Secondary Market at no cost to the investor.
Other Personal Loans - 2 - 7 year investments
We offer three different products, depending on the purpose of the loan. Investor repayments are regular principal and interest payments throughout the chosen term at the fixed rate.
Debt Consolidation Loan
- Loan amount: Up to $50,000
- Security: Secured over physical property (vehicle or house) for loans above $20,000.
- Term: 2-5 years
Vehicle Loan
- Loan amount: Up to $70,000
- Security: Secured over physical property (vehicle or house) for loans above $20,000.
- Term: 2-7 years
Personal Loan
- Loan amount: Up to $20,000
- Security: Optional security over physical property (vehicle or house)
- Term: 2-3 years
FAQs
We've answered a few common questions. If you're after more info, we recommend reading our Investor Booklet or giving our friendly team a call on 0800 21 22 33.
Who can invest with Squirrel P2P?
We only allow NZ tax residents over 18 years of age to invest through our platform.
How much interest can I expect to receive?
Our interest rates are displayed above. With Personal Loans investments, the term you choose for your investment order will dictate the fixed rate you receive.
What happens if a borrower misses a payment?
For the Investor, the Reserve Fund will attempt to cover the missed payment. The ability of the Reserve Fund to cover arrears and defaults is reliant on there being sufficient funds available in the Reserve Fund. Find out more about how the Reserve Fund works under How we manage risk.
The Reserve Fund will continue to make scheduled payments to the Investor until the Borrower catches up with their payments, or worst case the loan is written off. Where the loan is written off, the Reserve Fund will payout the remaining principal to the Investor.
Borrowers are actively managed when they go into arrears on a loan. We’ll contact them initially to find out what’s happening and put a repayment plan in place if required. If we’re unsuccessful, then after one month it is passed to our external collection agency for collection at the right time. For more information about how we assess the risk of our Borrowers defaulting, read our Investor Booklet.
Is investing through Squirrel P2P guaranteed?
The short answer is no.
We've tried to minimise the risk as much as we can by putting in place a Reserve Fund for each Investment Class, we take out cyber and fraud insurance and employ strict lending criteria and we have robust system controls. We need to be clear however, the Reserve Fund is not an insurance policy and you should familiarise yourself with all of the risks of investing before making an investment. Find out more about how the Reserve Fund works under ‘How we manage risk’ or in the Reserve Fund Policy.
What is the minimum investment?
The minimum amount for an investment is $500. The maximum you can invest through our platform is $2 million. So you’re free to invest anywhere within in this range.
1 Past performance of the Reserve Fund does not guarantee future performance. For more information on how the Reserve Fund works, read the policy here.
See why our clients love us
See for yourself what our clients think with over 88 5 star reviews on Shopper Approved.
Jiri C
Auckland, New Zealand
I've been with Harmoney for almost 3 years and your platform is far more superior, will move to you little by littleJC
PAK
Auckland, New Zealand
Very happy with my Squirrel investment. Platform works well and so easy to monitor using the app. Returns are good and much better than at the bank. Have been an investor since Jan 2016. Highly recommended.P
Rudi P
Auckland, New Zealand
I'm very excited about using the Squirrel platform to diversify my investment portfolio. Looking forward to many great returns.RP
Geoffrey S
Christchurch, New Zealand
Nice website (clean, easy to use). Reserve fund is a reassuring plus. As a newcomer, still feeling my way with bidding strategy. Overall, very good impression so far.GS
JAMES E
Naseby, New Zealand
I am a new investor, and while I cannot make any long term comments about Squirrel, so far my experience has been totally positive.JE
Susan H
Whangarei, New Zealand
Quick and easy to navigate your site. Easy to select what investment return to choose and you dont have to put all your funds into one loan.SH
Herman
Auckland, New Zealand
Initially I was a bit skeptical about the whole concept, so I invested a small amount to get a better understanding. Once I found out how to work the platform, I got more confident and have since invested a few more times.H
Michael S
Wellington, New Zealand
Customer service is excellent - very helpful and very quick with answers via email. I'd like to see some demo/ tutorial videos on the website :)MS
