The Co-operative Bank Personal Loans

The Co-operative Bank is a New Zealand bank that is 100% owned by its customers. Founded in 1928, it has operated as The Co-operative Bank since 2011. It offers everything you’d expect from a bank, including accounts, lending, credit cards, insurance … plus great customer satisfaction, as the winner of our latest Most Satisfied Customers Banking Award.

What personal loan options does The Co-operative Bank offer?

Here’s an overview of the loans offered by The Co-operative Bank:

• Unsecured personal loans from $3000 to $50,000, over six months to five years
• Loans over $50,000 also available
• Repayments either weekly, fortnightly or monthly
• Interest rates from 9.95% to 17.75% p.a. depending on the borrower’s credit rating
• $145 establishment fee applies
• No monthly admin or early repayment fees

How do I apply for a The Co-operative Bank personal loan?

To apply for a loan, simply visit the The Co-operative Bank website and apply online to begin the application process.

Typical pieces of information you will need to include in your application are:

• 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 and credit history

You’ll also need to meet the following requirements:

• You must be a natural person (i.e. not a company or other legal entity)
• You must be an New Zealand citizen or permanent resident
• You must be over 18 years of age when applying

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