Get a fast personal car loan in NZ and buy your first set of wheels today
Perfect for first-time buyers and those in need of car repairs or upgrades, we help you get on the road quickly with affordable car loans that can be:
- Competitive rates
- The most trustworthy online loans in NZ
- Quick and easy application process *
* Loan applications are subject to responsible lending checks
Get the green light
Each of our online car loans is tailored to you and your needs. Whether you’re looking to buy your first car, or upgrade from a used vehicle to a new one, our online car loans can help you get behind the wheel.
Online car loans in NZ have never been easier. Don’t guess at your budget! With MoneyShops’ handy car loan calculator , you can see how long it will take to repay your loan, and how much the repayment amounts will be before you apply.
Here at MoneyShop, we believe in fast, easy, and ethical loans, and our loan application process reflect that! If you’re ready to hit the road, apply online for reliable car finance now!
Why choose MoneyShop for your Car Loan
Here at MoneyShop, we aim to approve your application and get you access to your finances as fast as possible. Thanks to our car loan online application process, you can apply quickly any time, any day.
Apply online
Complete our simple online loan application form. It only takes a couple of minutes *
Competitive rates
Refinance existing car loans that you may have taken out with a dealership, as you might find that our rates or fee structures are better, or that your loan term needs to be altered.
Loans for repairs
We offer car repair loans for vehicles that need work done so you can get back on the road.
* Loan applications are subject to responsible lending checks
Types of car loans
Car loans may or may not involve security, and this can change the terms of the agreement. If you have any questions or concerns, feel free to contact us, and we’ll be happy to help.
Unsecured car loans
An unsecured loan doesn’t require any security; property which can be repossessed if the loan defaults. Here at Money Shop, we offer options for unsecured personal loans, so if you don’t want to use the car you’re borrowing for as security, we can help.
Secured car loans
Most car loans use the car itself as collateral, which means the car can be sold to pay off the loan if it defaults. In some cases, this can benefit you, as it can alter the fee structure of the loan
Lets get you behind the wheel
MoneyShop provides a lending service, under which individuals seek loans to be funded by investors. Each individual is assessed by MoneyShop, making sure they comply with our lending standards.
Car Loan FAQ's
What is the minimum age requirement to get a car loan in NZ?
Once they’ve got their learners at 16, teenagers are excited to get behind the wheel of their own car, but they’ll have to wait, as the minimum age requirement for a car loan with Moneyshop is 20-years-old.
Can I get a loan for a used car?
Yes. We provide loans for whatever you need! Our car loans can pay for both new and used cars. If your ‘new’ used car ends up revealing some flaws, we offer car repair loans to get you back on the road.
How much can I borrow for a car loan?
You can receive anywhere between $200 – $20,000. To help work out what you can afford to borrow, our loan calculator can show your estimated repayments depending on loan amount and terms. No need to guess your budget – you’re getting what you can afford.
Can I refinance my car loan?
If you find out that our rates or fee structures are better than your existing car loan’s, you may want to refinance. MoneyShop builds trusting relationships with our customers, and in most situations we will refinance your car loan. If you have good credit and affordability, and consistent repayment history, we can discuss refinancing.
Is a car loan manageable in the long run?
Loans provide long-term financial commitment but are much easier to manage than saving enough for up-front payment. Establishing how much you can afford to borrow and afford to repay, can provide extra financial security while you pay off your car.
Is a secured or unsecured car loan better for me?
This can vary depending on your particular circumstances. All MoneyShop Loans must be secured if they are over $7000.
Why should I get my car loan from MoneyShop?
MoneyShop is all about providing our customers with quick and easy solutions! We look out for our customers, so we’re flexible with our loan terms. Our terms range from 3 months – 3 years. It only takes 2 minutes to apply on our quick and easy online application form.
Any more questions?
Our friendly team are here to help you throughout the entire lending process. Call us on 0800 66 66 39 or get in contact with us here
Our costs and terms
Loan amount
Borrow between $200 and $20,000, depending on your situation. Example: $3,000 over 78 weeks = $58.87/week.
Loan terms
Choose a term from 3 months to 3 years. Repay weekly. We’ll show your full schedule upfront.
Interest rate
The interest rates are 29.95% for loans with security or refinanced from existing loans, new unsecured loans are also 29.95%. The rate is fixed for the whole of the contract. Interest charges are calculated by multiplying the unpaid balance at the end of the day by a daily interest rate. The daily interest rate is calculated by dividing the annual interest rate by 365. Interest is charged when instalments fall due.
Default interest rate
MoneyShop doesn’t charge default interest. If your account falls behind, a $1 daily arrears fee may apply until things are back on track. Reversed payments incur a $5 fee, and missed‑payment contact may involve a letter fee (up to $50), a $5 phone fee, or an $80 + GST home‑visit fee. Any third‑party recovery costs are passed on at cost.
Establishment fees
One-time setup fee based on loan size:
| Fee | Cost |
|---|---|
| $200 to $499 | $65.00 |
| $500 to $800 | $160.00 |
| $800 to $5,000 for three years or less | $300.00 |
| $800 to $5,000 for three years or less | $300.00 |
| $5,000 to $15,000 for three years or less | $310.00 |
| Over $15,000 for more than three years | $455.00 |
Some loan setup costs come from third parties — such as credit checks, PPSR searches, and security‑registration fees — and these are passed on at cost. Your account also has a daily administration charge of 55c while it’s open. We send statements every six months, and extra statements are free by email or $5 if printed. If you repay your loan early, an administration fee of $50 (averaged) may apply, along with any third‑party deregistration costs.
Rate type
Your rate stays the same for the whole loan. No surprises. No hidden fees.
Repayment frequency
Pay weekly. Example: $1,500 over 52 weeks = $44.83/week.
Example: Borrowing $3,000 over 78 weeks
- Weekly repayment: $58.87
- Total repayments: $4,592.86
- Includes: Interest, $300 establishment fee, $0.55/day admin fee
- Does not include: Any optional or default-related fees
This example assumes a fixed interest rate of 29.95% p.a., no missed payments, and no early repayment. Actual costs may vary depending on your loan amount, term, and repayment history.
Want to check your rate with our personal loan calculator?
Learn more about loan costs, interest rates, and fees on our Cost of Borrowing page.
