Unity Personal Loans

Unity (formerly NZCU Baywide) is a New Zealand-owned credit union that operates eight branches across the motu. Originally established in 1971 as the Whakatu Freezing Works Employee’s Credit Union, the credit union expanded to several other meat works companies in the ’80s before rebranding as Baywide Credit Union in ’86.

The firm has seen rapid expansion of branches throughout the following three decades, with multiple credit unions – including NZCU Taranaki – merging with Credit Union Baywide. Its rebranding as Unity was the culmination of its growth.

What personal loan options does Unity offer?

Unity requires all its personal loan borrowers to first open a Unity transaction or savings account.

• Unsecured personal loans of from $2000 to $40,000, secured loans from $2000 to $60,000, over one to seven years
• Secured fixed rates from 9.90% p.a to 21.90% p.a. depending on the borrower’s credit rating
• Unsecured fixed rates from 12.90% p.a. to 24.90% p.a. depending on the borrower’s credit rating
• $200 establishment fee
• There are no monthly admin or early repayment fees

How do I apply for a Unity personal loan?

To apply for a loan, simply visit the Unity website and click Apply Now 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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