Rating based on 38 reviews

First Credit Union

  • Personal loans up to $10,000
  • Low-interest starting from 9.95%
  • Repayment up to 33 months

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First Credit Union homepage
Author First Credit Union. Screenshot of First Credit Union website.
[Accessed March 3, 2023]

About First Credit Union

First Credit Union in New Zealand has been offering financial assistance to clients for over 60 years.

They have years of industry experience and have expert abilities in offering the most affordable and beneficial personal loan products to customers who need assistance.

Preferred NZ lender for personal loans

They are one of the most well-known loan suppliers in New Zealand and one of the oldest, as they were the first to be accredited. Through their milestones, they were able to build an incredible pool of happy, loyal clients. Their philosophy is to help people find affordable, quick financial solutions daily.

Cares for the environment

Beyond helping people find affordable short-term loans, they also believe in preserving the environment. They have a policy in place that states that employees need to recycle appropriately daily as part of a sustainability project.

By providing online loan applications as an option, they have successfully cut down on their paper usage as a company. Clients also participate in their sustainability project by using the online application, as all documents get submitted online.

Supports local, responsible providers

Thanks to the support of local businesses and their relationship with suppliers, First Credit Union can offer clients the best deals at all times. They are transparent about their interest rate and fees charged on loans and will never charge any hidden costs. First Credit Union is a registered FATCA member - clients can feel assured that they are receiving a loan from a reliable, registered financial service provider.

First Credit Union Services

First Credit Union provides financial services for clients needing financial assistance in New Zealand - from personal loans to debt consolidation, they have got it covered.

Get a personal loan

Personal loans are perfect for those who need help covering sudden large bills such as medical bills, flights, or even car repairs. They have a low interest rate and affordable repayment plans. Personal loans take 15 minutes to approve, whereafter clients can expect their payout within 24 hours.

Debt consolidation

Clients struggling to keep up with debt repayments can consolidate their debt into one loan and from then only make one repayment per month. A debt consolidation loan allows them to take control of their debt when it becomes challenging to keep up with multiple repayments.

Affordable home loans

Whether clients are looking for a new home or refinance their existing one, First Credit Union will help with an affordable loan product. With a pre-approved home loan, clients stand a better chance of getting the house they want.

Loan calculator

First Credit union offers clients the opportunity to use their online personal loan calculator before applying to see what offers are available. The calculator displays the possible monthly repayment, loan total, the interest charged, and the term of the loan amount entered.

First Credit Union – Personal loan

  • Loan Type Personal loans
  • Interest Rate 9.9518% p/a
  • Loan Amount up to $10,000
  • Repayment 3 months to 33 months

Benefits of First Credit Union

  • Low rate loans
  • Tailored personal loans
  • A simple online loan application

Personal loan calculator

The interest rate of a loan will vary based on your credit score and risk profile.
This personal loan calculator is for illustration purposes only.
The use of this loan calculator is subject to our terms of use.

First Credit Union provides a speedy & reliable loan service

Applying for a personal cash loan from First Credit Union is quick and easy on their online platform- allowing their clients to receive their cash within 24 hours. The easy application process takes only 15 minutes to complete.

To apply, clients need to complete the easy online loan application form by filling out the necessary details, which include:

  • Proof that they are an NZ citizen over the age of 18
  • Evidence of a stable income
  • Information regarding their expenses ( bank statements)

Document submissions and loan agreements

As soon as clients are approved, a consultant will contact them about how to go about signing the documents. The consultant will ensure that they find the easiest way for them to submit documents without coming to the branch.

All terms and fees are made clear before signing the agreement. Clients can choose to make repayments on a weekly, monthly, or fortnightly basis.

The best deal on rates and fees

When using First Credit Union to get a loan, clients can access the best personal loan rates in the market. Their rates start from 9.8% per year on their personal loans, depending on the client’s affordability and credit score.

First Credit Union personal loan

They offer personal loans in NZ that range up to $10 000, depending on the client’s needs. First Credit Union offers flexible repayment terms from 3 months to 33 months, worked out according to the client’s income schedule.

Personal loans are versatile and can thus cover many different expenses; from low-cost repairs to high-cost student bills.

Get your loan money in less than 24 hours

Getting a personal loan is now easier than ever before. Clients save time using the online application process; they also don’t have to wait days to receive their payment. Apply within minutes, and receive your cash within hours when opting for a First Credit Union personal loan.

Customer Reviews & Testimonials

FCU has such a fast online application I almost didn't believe my eyes. I applied and was approved in under 30 minutes!

Saffi P.
— Nelson —

What I loved most about dealing with FCU is that my loan didn't require mountains of paperwork or me needing to go sign things in the bank.

Jessica H.
— Wellington —

First Credit Union Contact

Physical Address

Opening Hours

  • Monday 09:00 – 16:30
  • Tuesday 09:00 – 16:30
  • Wednesday 09:00 – 16:30
  • Thursday 09:00 – 16:30
  • Friday 09:00 – 16:30
  • Saturday – Closed
  • Sunday – Closed