See for yourself what our clients think with over 107 5 star reviews on Shopper Approved.
Sefton, New Zealand
Despite not fully understanding some things answers were always easily available and explained. patience, understanding and a feeling that we actually worked together to achieved things made the experience a pleasant oneJE
Canterbury, New Zealand
I found squirrel to be excellent to deal with on all levels, especially communication. Squirrel took the time to understand my finances fully and made the right decision. Banks could learn a thing or two from squirrel.J
Canterbury, New Zealand
Wow-signed documents sent back at 2pm, funds cleared in my bank account by 5pm the same day! The application process was well managed and communicated. There really are no competitors that come close to Squirrel...keep up the good work.SW
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
If you’ve got good credit, we’re pretty certain you won’t find better rates elsewhere. With rates starting at just 7.95% p.a. we'll help you get the most out of life.
Choose your loan term and a payment frequency that works for you. Plus we won’t sting you for paying your loan back in full whenever you like.
Applying is fast, secure and 100% online so you can do it anywhere, any time. All you need is your NZ drivers licence or NZ passport handy.
Not sure which loan type is right for you? Take a look at the different options below and how they stack up.
|What's this loan for?||Use this loan for things like wedding expenses, education expenses or a holiday.||Yup, you guessed it, this one's for consolidating your debts.||For cars, bikes, floats...basically anything on wheels.||Personal loan for home owners looking to do a home renovation or grab something exciting for the house.||The name says it all. A loan designed to finance your new Tiny House.|
|Max loan amount*||$20,000||$50,000||$70,000||$70,000||$70,000|
|Loan term||Up to 3 years||Up to 5 years||Up to 7 years||Up to 7 years||Up to 7 years|
|Interest rate||From 8.95% p.a.||From 8.95% p.a.||From 8.95% p.a.||From 7.95% p.a.||From 8.95%|
|Security||Unsecured||For amounts over $20,000||Vehicle||Owner-occupied house for amounts over $20,000||Tiny House|
|Interest only||No||No||No||First year||No|
*Affordability and credit criteria apply. The maximum borrower amount reduces based on borrower risk grade.
Frequently asked questions. Just in case. We thought we’d pre-empt a few questions that you might have. If you can't find what you're looking for, give us a bell on 0800 21 22 33.
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 info.
Yes. You can repay your loan as quickly as you like and at no additional cost.
2 years is the shortest term available, however the loan can be paid back any time you like.
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 above.
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 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 above your normal interest rate. The default fee will vary according to your loan type, for more details check out our fees page.
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.