Terms and conditions

Loan calculator

The loan calculator provides an estimate and is not an offer of finance.

  • Estimated payments based on loan paid in equal monthly instalments over full term.
  • Estimated payments do not include optional Payment Waiver.
  • Your interest rate may be lower or higher depending on your credit history and other factors as determined by MTF Finance.

For further information on secured loans, see our Interest rates and fees.

Loan approval

Personal loans

The final decision to approve a loan is at MTF Finance's sole and absolute discretion. Approval will not be unreasonably withheld if you meet the following conditions:

  1. You must provide a signed and completed MTF Finance Application for Finance with supporting documentation, including:
    • a valid New Zealand driver licence, and
    • bank account statements showing the last 90 days including borrower name, address and bank account number.
  2. You must consent to MTF Finance completing a credit check and an outstanding court fines check.

If you provide the documents above and satisfy MTF Finance credit criteria, we can usually approve your loan on the same day.

We may not be able to approve your loan within that time period (or at all) if:

  • you do not provide the documents above,
  • you fail to meet our credit criteria, or
  • MTF Finance or third-party systems are not available.

All decisions are subject to responsible lending inquiries and checks. We will work with you to explore other options if we are unable to approve your loan.

Business loans

Business loan are subject to these and other conditions.

See Understand your business loan for more information.

Mechanical breakdown insurance

With mechanical breakdown insurance you may be covered if your vehicle has an unexpected mechanical or electrical problem.

Payment Waiver

Payment Waiver may take care of your repayments if you have a major life event such as redundancy, injury, illness or even death.