A secured loan uses an asset as collateral to unlock better rates and larger amounts. We review your situation and match you to the right lender on our panel — without impacting your credit score.
Reviews collected under Lending Room — the team behind Moola
One short form. We handle the assessment, the matching and the follow-up so you don't have to chase anyone.
Tell us how much you need, what asset you can offer as security and a bit about your situation. Takes around 5 minutes and you only do it once.
We run a soft credit check with no impact to your score and assess your full picture including the asset you are offering as security. We then identify the lender on our panel best suited to your situation.
Our team contacts you with your approval. If it 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 secured loan might cost.
Guide only. Actual rates depend on your profile, asset and lender. Rates 8.99 to 29.95% p.a. (AIR). Broker fee up to $1,500 and lender fees up to $450 may apply.
The type of security you can offer will depend on the lender. Here are the most common options on our panel.
A car, truck, van or other registered vehicle can be used as security for a personal or asset finance loan.
A registered boat, launch or jetski can be offered as security against a secured loan.
Machinery, plant or business equipment can sometimes be used as security for a business loan.
Other assets may be accepted depending on the lender. Apply and our team will confirm what is available for your situation.
We are not a lender. We work for you, finding the right secured loan from our panel so you access more at a better rate.
We run one soft check that leaves no mark on your file. Applying directly to multiple lenders means multiple hard inquiries — each lowering your score before you have borrowed anything.
Offering an asset as collateral reduces the risk to the lender, which typically means a lower interest rate than you would get on an unsecured loan of the same amount.
Secured lending allows you to borrow more than most unsecured lenders will approve. If you need $50,000 or more, a secured loan through our panel is often the most practical path.
Tell us about your situation and the asset once. We assess, match and come back to you with the right lender — you don't have to manage multiple conversations.
We work with employed New Zealanders who have a stable income, a clean or near-clean credit record, and an eligible asset to offer as security.
Full-time, part-time or self-employed with a regular, verifiable income. Lenders want to see that you can comfortably service the loan repayments.
NZ citizens and permanent residents are welcome. Open and employer-specific work visas with at least 13 months remaining are also accepted.
A registered vehicle, boat, business equipment or other asset that can be used as security. The type of asset accepted will depend on the lender we match you to.
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.
Takes about 5 minutes. We assess your situation and asset, then match you to the right lender. No credit score impact at this stage.
Apply in 5 MinutesReal feedback from New Zealanders we have helped find the right loan.
Everything you need to know before applying for a secured loan through Moola.
Still not sure? Talk to our team
A secured loan is a loan where you offer an asset as collateral. Because the lender has recourse to the asset if you cannot repay, secured loans typically come with lower interest rates and higher borrowing limits than unsecured personal loans.
Common security types on our panel include registered vehicles, boats and watercraft, business equipment and other registered assets. The type accepted depends on the lender we match you to. Apply and our team will confirm what is available for your situation.
If you are unable to meet your repayments, the lender may have the right to repossess the asset used as security. This is the key risk of secured lending. We strongly recommend ensuring repayments are well within your budget before proceeding. Our team will help you assess affordability.
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 matched, some lenders accept our check while others may run their own standard check as part of their approval process.
We work with lenders offering secured loans from $3,000 up to $250,000 depending on your income, credit history and the value of the asset being offered as security. Loan terms range from 6 to 84 months.
Generally yes. Because the lender has recourse to an asset, they take on less risk and can typically offer a lower interest rate than on an unsecured personal loan of the same amount. The exact rate will depend on your profile, the asset and the lender.
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. Lender establishment fees of up to $450 may also apply. There are no upfront fees to apply.
Yes. We accept open and employer-specific work visa holders with at least 13 months remaining on their visa, a regular NZ-based income and a good credit history. We work with lenders who specifically cater for employed visa holders.
A secured loan is a form of borrowing where you offer an asset as collateral to the lender. If you fail to meet your repayments, the lender has the right to repossess and sell the asset to recover what is owed. Because this reduces the lender's risk, secured loans typically come with lower interest rates and higher borrowing limits than unsecured personal loans.
In New Zealand, secured loans are commonly used for larger purchases or borrowing needs where an unsecured loan may not offer a sufficient amount or competitive enough rate. Common security types include registered vehicles, boats, business equipment and certain other assets.
The lower rate on a secured loan can make a significant difference over a longer term. On a $50,000 loan over 5 years, even a 3% difference in rate can save thousands of dollars in total interest.
The right choice depends on your situation, what you need the money for and whether you have an eligible asset to offer.
A secured loan is typically a better fit if you need to borrow a larger amount, you want the lowest possible interest rate, or an unsecured lender has declined you or offered a rate that is too high. If you have a vehicle or other registered asset with meaningful value, using it as security can open up more options.
If you do not have an eligible asset, or you are not comfortable with the repossession risk, an unsecured personal loan may be more appropriate. Moola can help with both — just tell us your situation and we will match you to the right loan type.
Secured loan rates in New Zealand are quoted as an Annual Interest Rate (AIR) and depend on several factors including your credit score, income, the type and value of the asset, the loan amount and the term you choose.
Because the asset provides security, lenders can generally offer more competitive rates than on unsecured lending. Newer assets with higher values typically attract the best rates, while older or lower-value assets may result in a slightly higher rate to reflect the reduced collateral value.
Moola works across a panel of lenders to find the most competitive secured loan rate available for your specific situation and asset. Apply in 5 minutes and we will come back to you with a match.
One application. We review your situation and asset, then come back with the right lender and rate. No credit score impact and no obligation to proceed.
