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.

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, from six months to five years
• Loans over $50,000 also available
• Repayments either weekly, fortnightly or monthly
• Interest rates from 8.99% to 17.75% p.a. depending on the borrower’s individual credit rating
• $155 application fee applies

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

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

Compare Personal Loans with Canstar