Reviews collected under Lending Room — the team behind Zooma
Tell us what you need and we find the right lender for you. We review your situation, run a soft credit check that won't affect your score, and match you to the lender most likely to approve you at a rate that works. One form. No runaround.
Most applicants hear back the same business day. Not sure you qualify? Check here →
One short form. We handle the assessment, the matching and the follow-up — so you never have to chase anyone.
Tell us your loan amount, what it is for and a bit about your situation. It takes around 5 minutes and you only ever do it once — no repeating yourself across multiple lender websites.
We assess your application and run a soft credit check with zero impact on your score. Then we identify the lender on our panel best suited to your situation and most likely to approve you at a competitive rate.
Our team contacts you with your result. If the match works for you, we guide you through to settlement. No obligation at any stage and no pressure to proceed.
Estimate your repayments
Adjust the sliders to see what your personal loan might cost.
Guide only. Actual rates depend on your profile and lender criteria. Rates 8.99–29.95% p.a. (AIR). Broker fee up to $1,500 and lender establishment fees up to $450 may apply.
We are not a lender. We work for you — finding the right fit from our panel of vetted NZ lenders so you get a better result than going it alone.
We run one soft check that leaves no mark on your file. Apply to five lenders yourself and that is five hard inquiries lowering your score before you have borrowed a cent.
Fill in your details once and we take it from there. No repeating yourself across multiple sites or fielding calls from lenders you never asked to hear from.
Our panel includes specialist and non-bank lenders not always available direct to consumers — more options and often a more competitive rate than your bank can offer.
We look at your full picture and match you to the lender most suited to your circumstances — a better rate, a higher chance of approval, not just any result.
We hear these concerns every day. Here is what actually happens when you apply through Zooma.
Banks have rigid criteria and often decline people who are genuinely good borrowers. A no from your bank is not a no from every lender.
A few missed payments or an old default doesn't automatically rule you out. It depends on the circumstances, how long ago it was, and your current situation.
Most banks and lenders won't touch work visa applicants. It's one of the most common reasons people get turned away — even with a good income and clean credit.
Variable income from contracting, freelancing or running your own business can make standard lender applications difficult — even when your overall income is strong.
Soft check only — zero impact on your credit file
A personal loan through Zooma can be used for almost any legitimate purpose. Here are the most common reasons New Zealanders apply.
Kitchen, bathroom, extension or a full refresh. Get the work done now and spread the cost over time.
$5,000 to $100,000+Combine multiple repayments into one. Potentially reduce your overall interest and simplify your finances.
$3,000 to $100,000Surgery, dental work, fertility treatment or specialist care. Cover costs now without drawing on your savings.
$1,000 to $50,000An overseas trip, a family holiday or a once-in-a-lifetime experience. Spread the cost and go sooner.
$2,000 to $30,000Venue, catering, photography or the honeymoon. Plan the day you want without compromising on the details.
$5,000 to $50,000Course fees, professional development or a qualification that improves your earning potential.
$1,000 to $30,000Removalists, bond, storage or new furniture. Take the financial stress out of relocating.
$1,000 to $20,000Personal loans are flexible. If it is a legitimate personal expense, there is a good chance we can help.
From $1,000We work with employed New Zealanders who have a stable income and a clean or near-clean credit record. Here is what we look for.
Full-time, part-time or self-employed with a regular, verifiable income. A stable income history is the most important factor lenders look for.
NZ citizens and permanent residents are welcome. Open and employer-specific work visas with at least 13 months remaining are also accepted.
We work with borrowers who have a good credit record. Not sure where you stand? Apply and we will assess your situation before approaching any lender.
We match loans across terms of 6 to 84 months. The right lender depends on loan size, purpose and your overall financial picture.
Our application takes about 5 minutes. We assess your situation and come back with a match. No impact to your credit score at this stage.
Get Started — 5 MinutesReal feedback from New Zealanders we have helped find the right loan.
Everything you need to know before you apply for a personal loan through Zooma.
Still not sure? Talk to our team
A personal loan can be used for almost any legitimate personal expense. Common purposes include home renovations, debt consolidation, medical bills, a wedding, holiday, education costs or moving expenses. When you apply, let us know what the loan is for and we will match you to a lender suited to that purpose.
We work with lenders offering personal loans from $1,000 up to $250,000 depending on your income, credit history and the purpose of the loan. Loan terms range from 6 to 84 months. The right amount and term will depend on your situation and what lenders on our panel can offer.
No. We use a soft credit check during our assessment which does not appear on your credit file and has no impact on your score. Once we have found a match, some lenders accept our check while others may run their own standard check as part of their approval process. We will let you know before anything happens.
Rates on our panel start from 8.99% p.a. (AIR) and go up to 29.95% p.a. depending on your credit profile, loan amount, term and the specific lender. We work to find you the most competitive rate available for your situation rather than simply sending you to whoever will accept you.
Most applicants hear back the same day. Same-day funding is possible for applications approved before 3pm on a business day, though exact timing depends on the lender and how quickly supporting documents are provided.
A broker and introducer fee of up to $1,500 applies when your loan is successfully funded. This is clearly disclosed before you commit and there is no obligation to proceed at any stage. Depending on the lender, an establishment fee of up to $450 may also apply. There are no upfront fees to apply.
Yes. We accept applications from open work visa and employer-specific work visa holders with at least 13 months remaining on their visa, provided they have a regular NZ-based income and a good credit history. Most lenders decline visa holders outright — we work with lenders on our panel who specifically cater for this.
A decline from your bank does not mean you will not qualify elsewhere. Banks have strict criteria and do not always consider the full picture. We work with a range of lenders including specialist and non-bank lenders who may assess your application differently. It is worth applying to find out where you stand.
A personal loan is a fixed amount of money you borrow from a lender and repay in regular instalments over an agreed period. Unlike a credit card, a personal loan gives you a lump sum upfront with a set repayment schedule — making it easier to budget and plan ahead.
In New Zealand, personal loans are available from banks, credit unions, finance companies and specialist non-bank lenders. The interest rate, term and conditions vary significantly depending on the lender and your individual credit profile.
Personal loan rates in New Zealand are quoted as an Annual Interest Rate (AIR). The rate you are offered depends on several factors including your credit score, income, employment stability, the loan amount and the term you choose.
A secured personal loan uses an asset such as a vehicle or property as collateral. Because the lender takes on less risk, secured loans typically come with lower rates. An unsecured personal loan requires no collateral but usually carries a higher rate to reflect the increased risk to the lender.
Most personal loans in NZ are offered at a fixed interest rate, meaning your repayments stay the same for the life of the loan — straightforward to budget for. Variable rate personal loans are less common but may suit borrowers who expect to pay off the loan early.
Zooma works with lenders offering rates from 8.99% p.a. (AIR). The rate you receive will depend on your individual profile. We work to find the most competitive rate available for your situation rather than simply placing you with whoever will accept you.
NZ lenders assess personal loan applications based on a combination of factors. Understanding these can help you put your best application forward.
Your credit score and history are among the most important factors. Lenders look for a pattern of on-time repayments and no significant defaults or judgements. A clean or near-clean record gives you access to better rates and more lender options.
Lenders want to see a stable, verifiable income that comfortably covers your proposed repayments alongside your existing commitments. Full-time, part-time and self-employed applicants are all considered, provided income can be verified through payslips or bank statements.
Your existing debt obligations affect what lenders are prepared to offer. If you have multiple repayments, a debt consolidation loan through Zooma can sometimes simplify your situation and improve your overall borrowing position.
When you apply directly with a lender, they run a hard credit check that leaves a mark on your credit file. Apply with five lenders to compare options and that is five hard inquiries — each one potentially lowering your score before you have borrowed a cent.
Zooma works differently. We run one soft credit check, review your full picture and match you to the lender on our panel best suited to your situation. You get a tailored result without the repeated credit hits and without managing multiple conversations with different lenders.
As an FSPR registered loan broker (FSP486566), Zooma is required to act in your interest and disclose all fees clearly before you commit to anything.
Takes about 5 minutes. We review your situation and come back with the right lender and rate. No credit score impact and no obligation to proceed.
