The Cooperative Bank Personal Loans

The Co-operative Bank is a New Zealand-based bank that provides home loans, debt consolidation, personal loans, credit cards, accounts, insurance and investments.

The Cooperative Bank is a New Zealand bank that is 100% owned by its customers. Founded in 1928, it has operated as The Cooperative Bank since 2011. It offers everything you’d expect from a bank, including accounts, lending, credit cards, insurance, plus great customer satisfaction. The Cooperative Bank is the back-to-back winner of Canstar’s Most Satisfied Customers | Banking Award for the past two years.

What personal loan options does The Cooperative Bank offer?

Here’s an overview of the loans offered by The Cooperative Bank:

  • The Cooperative Bank offers personal loans from $3000 to $50,000. Loan terms can be from six months to five years
  • Loans over $50,000 available
  • Repayments either weekly, fortnightly or monthly
  • Floating i rates range from 8.99% to 17.75% p.a. depending on the borrower’s individual credit rating – the better your credit rating, the lower your interest rate
  • $155 application fee applies

How do I apply for a The Cooperative Bank personal loan?

To apply for a loan, simply visit the The Cooperative 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

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

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Written by: Caitlin Bingham | Last updated: October 17, 2023