Smart personal loans for smart people

With rates starting at just 7.95% p.a. and no early repayment fees, why go anywhere else for a personal loan? Great loans for people with great credit.

Get a loan to suit your needs
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Squirrel has the loan to get you started

  • Personal loanUp to $20,000 unsecured with rates from 8.95% p.a.

  • Tiny House loan - up to $70,000 using the tiny house as security, with rates from 8.95%p.a. 
  • Debt consolidation loan - Bundle your debts into one payment with up to $20,000 unsecured and $50,000 secured. Rates start from 8.95% p.a.

  • Vehicle loanUp to $70,000 using the vehicle as security, with rates from 8.95% p.a. Use this for a car, tiny house, boat, basically anything that moves.

  • Homeowner's loan - Up to $70,000 for anything to do with your property, using your home as security paying just 7.95% p.a. interest-only for the first year.
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Low rates

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.

Flexibility and choice

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.

Simple online process

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.

Loan comparison table

Not sure which loan type is right for you? Take a look at the different options below and how they stack up.


Personal Loan 
Debt Consolidation Loan
Vehicle Loan
Homeowner's Loan
Tiny House Loan
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%
Establishment fee $250 $500 $250 $0 $500
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.

What you'll need to apply

The entire application is done online in a matter of minutes, so you can do it anywhere, anytime. Just make sure you have your NZ drivers licence or NZ passport handy.


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.

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.

What is the minimum term for a personal loan?

2 years is the shortest term available, however the loan can be paid back any time you like.

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 above. 

How much does it cost to borrow?

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.

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 above your normal interest rate. The default fee will vary according to your loan type, for more details check out our fees page. 

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.

Ready to apply? Click Apply now to get started.