Why borrow from UCU?

Our interest rates and loan application fees are amongst the lowest in NZ and our unique savings plan helps you move from being a borrower to a saver. Start enjoying life today! Click here to download an application form.

Unsecured
Borrow for debt consolidation, holiday, motor vehicle purchase (up to $25,000, no deposit required) home improvements or any other worthwhile purpose. A debt consolidation checklist is available here. Use our loan calculator by clicking here and work out approximate repayments. Calculations exclude Loan Application Fees.
Secured
UCU offers a great range of secured personal loans. Options for security are; Motor Vehicle, Call Account, Target Saver, Loan Provider, Term Deposit, Insurance (with surrender value) or Superannuation policies.
Revolving Credit
This facility allows you fast and easy access to pre-approved funds. Applicants who qualify can arrange a pre-approved loan limit and continue to draw up to that limit simply by making a telephone call to our office. It couldn’t be much easier than that!
Motor vehicle Secured
Use your motor vehicle as security for a personal loan at just 11%. Call our friendly staff to get more detailed information.
Loan Terms
  • $500……………………12 months (max)
  • $501 – $999…………..18 months (max)
  • $1,000 – $1,999………24 months (max)
  • $2,000 – $3,999………30 months (max)
  • $4,000 – $5,999………42 months (max)
  • $6,000 – $7,999………54 months (max)
  • $8,000 & above………60 months (max)
  • Mortgages…………….30 years
Mortgages
Looking for mortgage finance to purchase that dream home? As a UCU member you’re eligible to apply for up to 80% of the value of a property to a maximum of $350,000. Click here for todays floating interest rate.

Budgeting
Gain control of your life and finances by having a budget plan. It’s important to be able to track your spending and plan for those unforseen events.
A budget plan from a NZFFBS may also assist you in gaining a personal loan from UCU.
to visit New Zealand Federation of Family Budgeting Services website.

  • Can I apply for a loan without joining UCU
  • How long does it take to process a Loan Application
  • Once I repay my loan does my account automatically get closed
  • What happens if I miss a loan repayment
  • If I miss loan repayments but catch them up, how does this effect future loans
  • I already have a loan, can I apply for another
  • What are my options if I have poor credit history