Lending Crowd Personal Loans

Lending Crowd was launched in NZ in 2015. It’s a peer-to-peer lending provider that is part of Finance Direct, which offers loans from its own funds in addition to brokering loans from third-party financial institutions. Quick, easy and 100% online, Lending Crowd offers a hassle-free loan experience.

What personal loan options does Lending Crowd offer?

Here’s an overview of the loans offered by Lending Crowd:

• Lending Crowd offers long-term personal loans from $2000 to $200,000. Loan terms can be either two, three or five years
• Fixed interest rates start from 8.95%
• There are no fees for early repayment

Lending Crowd has a three-tier fee structure to establish a loan: 

• $2000 to $20,000: $200 fee
• $20,050 to $50,000: $250 fee
• $50,050 to $200,000: $300 fee

How do I apply for a Lending Crowd personal loan?

Lending Crowd’s business is 100% online, so to apply for a loan, simply visit the Lending Crowd website and click to begin the application process. By submitting your wage and credit rating details, you can obtain a quote in seconds. Typical pieces of information you may need to include in your application include:

• Valid proof of identification, such as your passport or drivers licence
• Proof of income
• Your typical expenses such as rent/mortgage payments, household costs, insurance, etc
• Any current outstanding debts

You’ll also need to meet the following requirements:

• Be a person (i.e. not a company or other legal entity)
• Be a New Zealand citizen with a valid NZ driver licence or NZ passport
• Be over 18 years of age when applying

To find out how much you could afford to borrow, check out Canstar’s personal loan repayment calculator.

Compare Personal Loans with Canstar