Unsecured Loans NZ — Borrow up to $5,000
If you cannot provide security or arrange a guarantor, you may be eligible to borrow up to $5,000 unsecured. MoneyShop has been lending to New Zealanders since 1993, at a fixed 29.95% p.a. Lending criteria apply.
Unsecured loans up to $5,000
Fixed interest rate of 29.95% p.a.
Apply online or visit a branch
Unsecured loans NZ without using your car as security
Looking for easy unsecured loans in NZ? Here at MoneyShop, we offer unsecured loans in New Zealand to help make simple financing more accessible to those who need it and may not have major assets to use as security.
An unsecured loan can be used to pay for a wide range of things, and its key distinction from other types of loan is the lack of collateral. This means that we don’t ask for anything to secure the loan.
Collateral used for security often includes high value assets, such as land or vehicles. Many personal loans are not secured, but both secured and unsecured loans can be useful, depending on the circumstances. If you’re looking for fast cash, unsecured loans are often a practical option, because they can be quicker to set up.
Need to get paid today? Apply for a loan online!
Why choose MoneyShop for your Unsecured Loan
MoneyShop unsecured loans are available up to $5,000 at a fixed 29.95% p.a. We aim to make the process as easy and ethical as possible, with no hidden fees. Lending criteria apply. Review our cost of borrowing page before you apply.
Apply for an unsecured loan
Complete our online unsecured loan application. It only takes a couple of minutes *
We review your application
Unsecured loans NZ applications are reviewed by our team. In some cases this may be the next business day.
Get paid if approved
If your application is accepted, funds are deposited in your bank account. Unsecured lending is up to $5,000. Lending criteria apply.
What can unsecured loans NZ be used for?
Unsecured personal loans are so popular because of their versatility—they can help you pay for virtually anything!
Unsecured loans
An unsecured loan doesn’t require any security; property which can be repossessed if the loan defaults. Here at MoneyShop, 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.
How do unsecured loans work?
Applying for an unsecured loan with MoneyShop is easy and hassle-free. All you need to do is fill out our application form, tell us what you’re looking to finance with the loan, and supply some personal details. These include bank statements or payslips showing your income for the last three months, two forms of approved ID, and how much you want to borrow.
Once we have your application, we review it subject to responsible lending requirements. If approved, the money is deposited in your account. We aim to make the process as easy and ethical as possible, with a fixed 29.95% p.a. and no hidden fees.
Get in touch with our friendly team
We pride ourselves on our service because we believe that friendly, efficient customer service is the backbone of what we do. Our friendly team is more than happy to guide you through the process, so if you have any questions, contact us.
The friendly face of finance
Our clients love us!
Unsecured Loan FAQ
What is an Unsecured Loan?
An unsecured loan in NZ is a personal loan that does not use your car or property as security. At MoneyShop you may be eligible to borrow up to $5,000 unsecured at a fixed 29.95% p.a. Lending criteria apply.
How Do I Get an Unsecured Loan?
Complete our simple online loan application form. It only takes a couple of minutes! Your application will be reviewed by one of our team members ASAP, and we will send you a response as fast as we can. In some cases, this may be the next business day.
What Can I Use an Unsecured Loan For?
Unsecured personal loans can help you pay for virtually anything! If you need to make car repairs, have an unexpected trip to take, want to finance your education, or have sudden medical costs, an unsecured cash loan can help you access the funds you need, and spread the costs out over a longer period of time in order to make them more manageable.
How Many Unsecured Loans Can I Have?
You can only have one unsecured loan at a time.
What's the Difference Between a Secured and Unsecured Loan?
The key distinction between the two is the lack of collateral an unsecured loan has. If you’re looking for fast cash, unsecured loans are often a practical option, because they can be quicker to set up.
Why should I get my Unsecured Loan from MoneyShop?
MoneyShop unsecured loans are available up to $5,000 at a fixed 29.95% p.a., with no hidden fees. Lending criteria apply. If you want to know more before getting started, view our Rates and Terms page.
Any more questions?
Contact UsOur friendly team are here to help throughout the lending process. Call us on 0800 66 66 39 or get in touch online.
Ready when you are
Looking for an unsecured loan?
Prefer to talk? Call 0800 66 66 39.
Our costs and terms
Clear, upfront pricing with no hidden fees.
Loan amount
$200–$20,000
Loan terms
3 months–3 years
Fixed rate
29.95% p.a.
Repayments
Weekly
Interest rate
The interest rate is 29.95% p.a. for secured, refinanced, and new unsecured loans. Your rate is fixed for the whole contract — no surprises, no hidden fees.
Interest is calculated daily on the unpaid balance (annual rate ÷ 365) and 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 |
| $5,000 to $15,000 for three years or less | $310.00 |
| Over $15,000 for three years or less | $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.
Repayment 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
Also: $1,500 over 52 weeks = $44.83/week.
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 calculate repayments with our personal loan calculator?
Loan CalculatorLearn more about loan costs, interest rates, and fees on our Cost of Borrowing page.