ASB Personal Loan
ASB offers personal loans up to NZ$50,000 with terms of up to 7 years and rates starting from 12.9%.
Last checked on June 11, 2026. We may earn a commission when you click through.
ASB's personal loan options are competitive, especially for those looking for larger amounts over longer terms.
ASB Personal Loan
ASB
Updated 2 months agoRepresentative APR
You'll be redirected to asb.co.nz
Our Verdict
ASB's personal loan options are competitive, especially for those looking for larger amounts over longer terms.
This loan is best for borrowers needing substantial funds for projects or debt consolidation with flexible repayment terms.
This loan is suitable for individuals needing significant funds for personal projects or debt consolidation.
Pros
- Loan amounts up to NZ$50,000
- Flexible terms up to 7 years
- Quick online application process
- Decent customer service reputation
Cons
- High APRs up to 19.95%
- Not suitable for borrowers with poor credit
- Potential hidden fees
- Approval may take longer for some applicants
Watch Out
Be aware that the higher end of the APR can reach 19.95%, making it costly for some borrowers.
Loan Details
In-Depth Review
ASB's personal loan allows amounts from NZ$2,000 to NZ$50,000, catering well to various financial needs. The terms range from 6 to 84 months, providing flexibility for repayments. With interest rates starting at 12.9% and going up to 19.95%, borrowers should carefully consider their credit standing before applying.
Compared to other lenders, ASB is a solid choice for those seeking larger loans. However, potential borrowers should note that the 19.95% APR can be quite high, especially for those with lower credit scores. It's advisable to explore alternatives like ANZ or Westpac, which may offer lower rates for qualified applicants.
Approval times are generally quick, and ASB has a reputation for decent customer service. Their online application process is straightforward, but be sure to read the fine print for any additional fees that might apply. Overall, ASB's personal loan can be a valuable resource if you can secure a competitive rate.
Summary
ASB's personal loan is a viable option for larger financial needs, but be cautious of the high interest rates associated with certain credit profiles.
What Borrowers Say
Customer feedback generally highlights ASB's easy application process and helpful service, though some mention high interest rates.
Similar Options
Kiwibank Personal Loan
Westpac Personal Loan
ANZ Personal Loan
Kiwibank Personal Loan
Westpac Personal Loan
ANZ Personal Loan
Harmoney Personal Loan
The Co-operative Bank Personal Loan
BNZ Personal Loan
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