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 September 2, 2021]

About First Credit Union

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

This speaks volumes for our experience in the industry and our ability to offer affordable and beneficial personal loan products to customers who are in need of assistance.

We are the preferred lender for personal loans

We are not only one of the most preferred loan suppliers in the country, but also active members in helping the community within these borders. We are a Kiwi-owned New Zealand finance company and, were the very first in the country to be accredited. Through our milestones, we have overcome many obstacles and gained an incredible pool of clients who not only affirm our status in the industry but, always remain happy customers. Our philosophy of helping people through affordable and quick finance is what we strive to achieve on a daily basis.

We care for our environment

We believe not only in people by providing them with affordable short-term loans but, also in the preservation of the environment. Our employees add to the policy we have in place and recycle as a sustainability project on an ongoing basis. We feel strongly about preserving our natural world.

We back local business

With the backing of local businesses and leveraging off our relationships with suppliers, we are able to offer our clients the best deals at all times. We are transparent in our interest rates and fees. We don’t hide unexpected costs from our valued clients. As a registered FATCA member, you can be assured you are receiving the best and accredited service in the country.

First Credit Union Services

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

Personal loans:

Get a personal loan to use for whatever you please. With low interest rates and simple and affordable repayment plans. Personal loans are easy to apply for online and take only 15 minutes to get approved. You can have your required cash sum in your banking account by the very next day.

Debt consolidation:

Consolidate all your little debts into one loan with a debt consolidation loan. Lower payments every month and only one instalment. Get back in control of debt when you feel like you have no power over your budget.

Home loans:

Whether you are looking for a new home or just want to refinance your existing home, we can help you with our affordable home loan products. Get pre-approval on the amount you want to spend on a home so you know exactly what price bracket you can go house hunting in.

Overdrafts/top up your existing loans:

Sometimes life throws you a financial curveball. We are not always financially equipped to deal with things like this. Let us offer you an overdraft or loan top-up to cover those expenses.

First Credit Union Personal loan

  • Loan Type Personal loans
  • Interest Rate 9.95 – 18% 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

At First Credit Union, we have a speedy & reliable loan service

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

What you'll need to apply

To apply for a loan with us, we can get the basic information we need to process your request and approve clients who meet the specific criteria online. You would need to submit information regarding your salary and income (a payslip will suffice). We would need to know if you have any outstanding current loans or if you are a guarantor for anyone else at present.

Any information we can use as security for your loan is an added benefit to you. A breakdown of your current expenses and banking details (bank statements) is needed. And a copy of your identification documents, just to ensure you are a New Zealand resident.

Car loans

Should you be in the market for a new car, we can help you afford those dream wheels with our flexible car finance. We will also assist in getting you a better price with the car dealership. Work out exactly how much you need with our loan calculator, which determines what your repayments will be on the amount you want to borrow.

Document submissions and loan agreements

Signing the loan agreement will be discussed with you for approval. We will find the best possible way for you to sign and submit the documents without having to come into a branch. We provide our clients with an easy to use the calculating tool. This can give you an indication of what your short-term loan repayments will be on the loan amount you need. You can also choose to pay off your loan weekly, monthly or fortnightly, the choice is yours.

The best deal on rates and fees

When you get a loan from First Credit Union, you get the best online personal loan rates in the market. Our rates vary on the basis of your risk assessment on the application. The general benchmark ranges from 11.99% on our loans. Home loan rates range from 5.60% and can also be applied for using our online application process.

Repayment terms and amounts will be negotiated according to you your client’s budget and the amount or type of loan they require. Should you choose to consolidate your pending loans into one, this option benefits the clients from day one. Clients can pay off their outstanding loans with a consolidated loan, leaving them with a lower instalment over only one loan each month.

Money in 24 hours

Getting cash when you are in a fix is now a lot easier than before. With technology saving you time and efficient back end solutions driving the way to faster and simpler processes, you can obtain a quick loan in 24 hours without stepping foot into a bank.

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