Reviews collected under Lending Room — the team behind Zooma
Offer security and lenders reward you with lower rates and higher amounts. Zooma matches you to the secured loan lender most suited to your asset and situation. One application, no credit score impact, same-day response possible.
Most applicants hear back the same business day. Not sure you qualify? Check here →
Secured loans use an asset as collateral, which reduces the lender's risk — meaning better rates and higher amounts for you. Here is what can be used.
Use your car, ute, van or SUV as security to unlock better rates and higher loan amounts from our lender panel.
Most commonUse equity in your home or investment property as security for a larger secured loan at a competitive rate.
Highest amountsUse your motorbike as security to access better loan terms from lenders on our panel who understand vehicle assets.
Quick to arrangeUse your boat or watercraft as security for a secured loan. We work with lenders who can assess marine assets properly.
Marine acceptedUse your campervan or motorhome as security to access competitive secured loan rates from specialist lenders.
Motorhomes tooUse machinery or equipment as security for a business or personal secured loan. Asset must be in good condition and verifiable.
Business assetsSome lenders accept term deposits or savings accounts as security. A good option if you have funds tied up but need liquidity.
Term depositsHave an asset not listed here? Apply and we will assess it and match you to the right secured loan lender on our panel.
Ask usYou don't always need to own the asset outright. Some lenders will consider assets with existing finance as long as there is sufficient equity. Apply and we will assess your situation and let you know what options are available.
No branch visits, no confusing paperwork. Tell us what you need and what you have to offer as security.
Fill in our simple form. Tell us how much you need, what asset you are offering as security, and a bit about your situation.
Zooma reviews your application and asset, runs a soft credit check with zero score impact, then matches you to the secured loan lender on our panel most likely to approve you at a competitive rate.
We come back with your result. If the match works for you, we guide you through to settlement. Most applicants hear back the same day. No obligation to proceed at any stage.
Estimate your repayments
Adjust the sliders to see what your secured loan might cost.
Guide only. Actual rates depend on your asset, profile and lender criteria. Rates from 8.99% p.a. (AIR). Broker fee up to $1,500 and lender establishment fees up to $450 may apply.
Most applicants who meet the criteria below can apply. If you are unsure, apply and we will assess your situation honestly before approaching any lender.
NZ driver licence, passport or Kiwi Access Card plus an embossed and signed bank card.
NZ citizens and permanent residents are welcome. Open and employer-specific work visas with at least 13 months remaining are also accepted.
Full-time, part-time or self-employed with at least $600 per week paid into your own NZ bank account and verifiable through statements.
Vehicle, property, boat, campervan, equipment or savings. Asset must be free of encumbrances or have sufficient equity. You don't always need to own it outright.
We work with borrowers who have a good credit record. Some lenders on our panel may accept limited credit history depending on your situation and asset.
Takes about 5 minutes. We assess your asset and situation and come back to you with a match. No credit score impact 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 through Zooma.
Still not sure? Talk to our team
A secured loan is a loan where you offer an asset — like a vehicle or property — as collateral. This reduces the lender's risk, which typically means better interest rates and higher loan amounts compared to an unsecured loan. If you default, the lender may repossess the asset to recover the outstanding debt.
You can borrow from $5,000 up to $250,000 depending on the asset, your situation and the lender's criteria. The maximum loan amount is generally linked to the value of the asset being offered as security. Secured loans typically allow higher borrowing amounts than unsecured alternatives.
Not necessarily. Some lenders will consider assets with existing finance as long as there is sufficient equity. For example, if you have a car worth $20,000 with $5,000 remaining on finance, some lenders may still accept it as security. We will assess your situation and match you to the most suitable lender.
No. Zooma uses a soft credit check only during our assessment, which means your credit score is not affected when you apply through us. Once matched, some lenders accept our check while others may conduct their own standard credit check as part of their process.
If you default on a secured loan the lender may repossess the asset used as security to recover the outstanding debt. It is important to make sure the repayments are manageable before proceeding. We will only present you with options that make sense for your situation, and you are under no obligation to proceed at any stage.
Secured loan rates on our panel start from 8.99% p.a. (AIR). The rate depends on your credit profile, income, the asset being offered as security, the loan amount and the term. Secured loans generally attract lower rates than unsecured alternatives because the lender has reduced risk.
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. A lender establishment fee of up to $450 may also apply. There are no upfront fees to apply.
The core difference is collateral. An unsecured loan is based purely on your creditworthiness — your income, credit history and ability to repay. A secured loan adds an asset into the equation, giving the lender a fallback if you cannot repay. That reduced risk is what allows lenders to offer better rates and higher amounts.
If you need a larger loan, want a lower rate than an unsecured loan can offer, or have an asset that makes sense to use as security, a secured loan is often the better option. It is particularly common for vehicle finance, property equity loans and larger personal loan amounts.
If you need a smaller amount, do not want to tie an asset to the loan, or are borrowing for something like a holiday or medical expense with no obvious asset to offer, an unsecured personal loan may be the simpler route. Zooma works with lenders across both types — apply and we will find the best fit for your situation.
A secured loan means the asset is at risk if you do not keep up repayments. Only proceed if you are confident the monthly repayments are comfortably within your means. Use the calculator above to check before you apply.
Secured loans are assessed differently by each lender. One lender may value your asset differently from another, have different criteria for the loan-to-value ratio they will accept, or specialise in certain asset types. Going direct to one lender means you get one view of your situation — and one hard credit inquiry on your file.
Zooma reviews your asset and situation before approaching any lender. We run one soft credit check, then match you to the lender on our panel best placed to offer you the right rate on a secured loan against your asset. As an FSPR registered broker (FSP486566) we are required to act in your interest and disclose all fees clearly before you commit.
One application. One soft check. Matched to the right secured loan lender for your asset and situation — without the repeated credit hits of going direct.
Takes about 5 minutes. We assess your asset and situation and come back with the right lender. No credit score impact and no obligation to proceed.
