At NZ Finance we believe in providing clear and easy to understand information

We understand that our customers are looking for a loan product that meets their individual needs. It maybe you are looking for a short-term loan - wanting to pay it off quickly OR you may prefer to have lower repayments AND you may want the option to do top ups and to have a revolving credit facility. Our QuickDraw© account offers you the flexibility to be what you need it to be.


Loan Amount Minimum Payment  Number of weeks Total amount repaid Interest Rate
$1000 $29.61 52
(12 months)
$1539.49 29.95%*
$1000 $21.82 78
(18 months)
$1701.61 29.95%*
$1500 $40.76 52 $2119.25 29.95%*
$1500 $29.79 78 $2323.32 29.95%*
$2000 $51.91 52 $2699.07 29.95%*
$2000 $37.76 78 $2945.21 29.95%*

The interest rate offered to you for a QuickDraw account will depend on your Equifax Credit Rating as per the schedule below.

The interest rate is fixed for the initial term of the loan, however any further lending which extends the term of the loan will be charged at the rates published at that time on our website page.

Equifax Credit Score Grade Interest Rate
700 to 1000 A 12.95%
600 to 699 B 19.95%
450 to 599 C 29.95%
350 to 449 D 34.95%
score less than 350 E 39.95%


Here’s a breakdown of the costs you may pay when you get a QuickDraw© loan from NZ Finance Ltd.

QuickDraw© Account Fees (Home-Owner's Debt Consolidation account fees vary as this will involve variable costs of legal fees, valuations etc which will be quoted at that time)

Loan Establishment Fee $195
Establishment disbursements (schedule of costs provided) (estimated)

QuickDraw© (redraw fee)
(Applied when you redraw on your account)
Monthly Account Fee $10
Payment Waiver Agreement (charged monthly)
(click here for details)


Late Fees

Dishonoured Payment Fee


Penalty Interest Rate Plus 10%


The loan costing table shown here is indicative only and may vary depending on frequency of payments - whether weekly, fortnightly or monthly and the date of the first payment and the amount borrowed. The interest rate shown is based on a Equifax Credit Score of Grade C as per table below.

You may choose to pay more than the minimum payment which will reduce the interest paid and shorten the term of your loan. (Interest is charged on your daily balance.)

Payment Waiver Agreement option is available for just $2.29 per week (charged to your account monthly). Click here for details


What is a Equifax Credit Score?