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Personal Loans

Credit bureau Centrix sees softening demand for consumer debt as arrears on personal loans rise
7th Apr 22, 5:00am
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Credit bureau Centrix sees softening demand for consumer debt as arrears on personal loans rise
Finance company Thorn Financial Services merging with Limelight Software to seek growth by 'providing a native digital financing option' as Limelight Group
24th Mar 22, 10:45am
Finance company Thorn Financial Services merging with Limelight Software to seek growth by 'providing a native digital financing option' as Limelight Group
The opening of new retail credit accounts dropped 44% year-on-year in the first full month after CCCFA changes, the steepest fall since the start of the Covid-19 pandemic
7th Mar 22, 1:08pm
by Toby Allen
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The opening of new retail credit accounts dropped 44% year-on-year in the first full month after CCCFA changes, the steepest fall since the start of the Covid-19 pandemic
Westpac NZ set to launch regulation ready BNPL 'anywhere' service Bundll with Humm, and potentially buy up to 49% of the business
15th Jul 21, 10:04am
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Westpac NZ set to launch regulation ready BNPL 'anywhere' service Bundll with Humm, and potentially buy up to 49% of the business
Credit bureau Centrix says its data is painting a picture of an economy going from strength to strength, but activity may start slowing
6th Jul 21, 10:18am
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Credit bureau Centrix says its data is painting a picture of an economy going from strength to strength, but activity may start slowing
Figures from credit bureau Equifax show consumer loan arrears down significantly this year. But what will happen when COVID-19 related support ends?
7th Sep 20, 4:04pm
2
Figures from credit bureau Equifax show consumer loan arrears down significantly this year. But what will happen when COVID-19 related support ends?
Kiwibank chief economist Jarrod Kerr walks through the concept of a negative OCR, what it will mean for borrowers, savers, lenders, the government and the NZ$, and where we might go from there
25th Aug 20, 2:48pm
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Kiwibank chief economist Jarrod Kerr walks through the concept of a negative OCR, what it will mean for borrowers, savers, lenders, the government and the NZ$, and where we might go from there
Buy now pay later schemes could end in an unseemly crash as credit card capacity jumps to accommodate settlement obligations, and shoppers recoil as jobs are lost and these unregulated scheme plans can't be changed, David Chaston argues
6th Apr 20, 12:24pm
54
Buy now pay later schemes could end in an unseemly crash as credit card capacity jumps to accommodate settlement obligations, and shoppers recoil as jobs are lost and these unregulated scheme plans can't be changed, David Chaston argues
ANZ NZ cutting credit card, personal loan and overdraft interest rates from April 1, although some will rise almost all the way back to where they are now in July
27th Mar 20, 2:17pm
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ANZ NZ cutting credit card, personal loan and overdraft interest rates from April 1, although some will rise almost all the way back to where they are now in July
UBS analysts highlight the wide range of returns on equity across Heartland Group Holdings' stable from reverse mortgages at the top to loans via Harmoney at the bottom
20th Aug 19, 9:31am
1
UBS analysts highlight the wide range of returns on equity across Heartland Group Holdings' stable from reverse mortgages at the top to loans via Harmoney at the bottom
Harmoney hires former FlexiGroup NZ boss David Stevens as its new CEO with capital raise and extension of bank warehouse facility immediate priorities
15th Aug 19, 9:48am
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Harmoney hires former FlexiGroup NZ boss David Stevens as its new CEO with capital raise and extension of bank warehouse facility immediate priorities
A new type of multipurpose account is launched by Heartland Bank paying interest on credit balances and allowing an overdraft at an interest rate below most credit cards
26th Jun 19, 1:43pm
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A new type of multipurpose account is launched by Heartland Bank paying interest on credit balances and allowing an overdraft at an interest rate below most credit cards
Strong annual growth in peer to peer lending as value of outstanding loans reaches $489 million and write-offs rise 64% to $13.9 million, FMA figures show
23rd Nov 18, 1:18pm
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Strong annual growth in peer to peer lending as value of outstanding loans reaches $489 million and write-offs rise 64% to $13.9 million, FMA figures show
Gareth Vaughan conducts a stocktake on just how involved retail investors are in NZ peer-to-peer lending, checking to see if banks are in danger of being disintermediated
9th Aug 18, 5:00am
6
Gareth Vaughan conducts a stocktake on just how involved retail investors are in NZ peer-to-peer lending, checking to see if banks are in danger of being disintermediated
Heartland Bank says it's behind more than 60% of the new Australian reverse mortgage business being written and provides about one-third of Harmoney's funding
21st Feb 18, 11:40am
Heartland Bank says it's behind more than 60% of the new Australian reverse mortgage business being written and provides about one-third of Harmoney's funding
Everything you need to know about the P2P lending market - who's lending, who's borrowing, how reliable they are, and what the differences are between the platforms
28th Nov 17, 5:08pm
by Jenée Tibshraeny
10
Everything you need to know about the P2P lending market - who's lending, who's borrowing, how reliable they are, and what the differences are between the platforms
David Chaston reviews the effective cost of credit, being interest plus standard fees, of taking out a payday loan
15th Nov 17, 7:48am
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David Chaston reviews the effective cost of credit, being interest plus standard fees, of taking out a payday loan
The CEO of FlexiGroup NZ, which includes F&P Finance, eyes growth through his company's relationships with 13,000 merchants and 500,000 customers
28th Aug 17, 11:27am
The CEO of FlexiGroup NZ, which includes F&P Finance, eyes growth through his company's relationships with 13,000 merchants and 500,000 customers
Key Harmoney borrower's fee at centre of Commerce Commission court proceedings seeking compensation for borrowers
28th Aug 17, 9:55am
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Key Harmoney borrower's fee at centre of Commerce Commission court proceedings seeking compensation for borrowers
SBS Bank's Finance Now grows lending by another 6% in June quarter ahead of entering credit card market through Warehouse acquisition
25th Aug 17, 10:07am
SBS Bank's Finance Now grows lending by another 6% in June quarter ahead of entering credit card market through Warehouse acquisition
Heartland Bank predicts continuation of strong growth as it seeks 'point of sale' partnerships for reverse mortgages and eyes more lending through Harmoney
15th Aug 17, 10:54am
Heartland Bank predicts continuation of strong growth as it seeks 'point of sale' partnerships for reverse mortgages and eyes more lending through Harmoney
Instant Finance, which offers 'all types of loans for whatever reason,' posts a 10% rise in annual profit and increases Westpac funding facility
4th Aug 17, 1:57pm
Instant Finance, which offers 'all types of loans for whatever reason,' posts a 10% rise in annual profit and increases Westpac funding facility
TSB Bank says it has lent $50 mln in unsecured consumer lending through P2P lender Harmoney
9th Jun 17, 10:24am
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TSB Bank says it has lent $50 mln in unsecured consumer lending through P2P lender Harmoney
The Co-operative Bank adopts risk-based pricing for its personal loans, bringing sharp interest rate benefits to borrowers with a good credit score
28th Mar 17, 11:25am
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The Co-operative Bank adopts risk-based pricing for its personal loans, bringing sharp interest rate benefits to borrowers with a good credit score
Non-bank lenders warn borrowers may have to pay the price for rise in personal loan fraud
20th Dec 16, 5:02am
by Jenée Tibshraeny
10
Non-bank lenders warn borrowers may have to pay the price for rise in personal loan fraud