• Personal loan conditions
    Do you qualify?

How do I qualify?

  • You must over 18 years of age
  • Have New Zealand citizenship or residency or a current work permit
  • Provide identification – this is an official form of identification like a current drivers’ licence or passport
  • Fully complete an application

Yes Finance is generally more lenient than lenders like banks. We will verify all information provided in the loan application to ensure accurate details have been provided. We will base our lending decision on several factors including:

Security – Typically loans must be secured against unencumbered (freehold) vehicles, boats, personal chattels or property. Where a principal borrower does not have any available security, this may be provided by a partner or relative who would become a party to the loan as a co-borrower or guarantor.

Stability – We consider both your residential status and employment situation. These would need to be stable, and your income will need to be consistent.

Affordability – Your ability to repay your loan and meet your existing outgoings.

Credit History Your credit history is checked and we will require an acceptable explanation for any defaults. If your credit history is not acceptable we will require a guarantor who has a proven credit history.

What is a Pre-approved Loan?

If you want to purchase a vehicle, boat, caravan – or almost anything – but need to know if you can get the finance to pay for it, we can give you a pre-approved personal loan.

A pre-approved loan will enable you to shop around for your purchase with the knowledge that your finance is already approved.

Pre-approved loans are valid for 30 days from the date of approval.

What is a secured personal loan?

A secured loan is a loan where the borrower provides an asset (e.g. a car or property) as security for the loan, this may be provided by a partner or relative who would become a party to the loan as a co-borrower. In some cases you can borrow up to 100% of the value of the security. The interest rate charged will also reflect the quality of the security and the amount of the loan versus the value of the security.

Our loans are commonly secured by motor vehicles, property caveat, boats, caravans, household chattels, or a combination of them. If you are borrowing to purchase an asset we can use that asset as security or partial security for the loan.

If you have any questions, can’t find the answer on our site or want to know more about the process or information you have been asked to provide, give us a call on 0508 10 50 10 or send us a message.

Unsecured personal loans

An unsecured loan is when there is no requirement for you (the borrower) to provide any security for a loan. Typically, this means that the amount you can borrow is less and the interest rate charged is normally higher.

Yes Finance provides unsecured loans of up to $2,000. To qualify for an unsecured loan you must be in stable employment with sufficient income and have no prior adverse credit history.


Find out


View FAQ's
"Just a short note to acknowledge receipt of payment, and to thank you for your top service." - Peter Smith
"Just wanted to say thank you to yourself and please pass it on to Graeme and the rest of the team for helping us over the past few years – you have obviously been a great help for us and it has allowed us to get into a much better position." - Kris
"I would like to thank you Toni for your support and understanding when my family had a change of circumstances hehehe well more than once.It has been fantastic service for the time that the car was on finance thank you again." - Kohu Tongaawhikau
"You advertised a great deal on the radio and promised great service and I received all of the above. Your team are true professionals!" - C Walsh, Hamilton
"Thanks so much for all your kind assistance rendered since the beginning of this year. I think out of all the financials I’ve dealt with during my time of financial hardship, I can boldly say that Yes Finance has been the only finance company who has dealt with me as a person and not just someone to abuse to pay more." - Nunia
"Thanks for sending through the paper work – I received it yesterday. I also wanted to thank you for the great customer service you provided, and also the Events Cinema card (awesome!). If only more companies offered such great service!" - De Wet
"AWESOME (even with the interest)!!!!!!! I can’t wait. I will let you know when I have everything. Thank you so much for your efficiency, friendliness and help. I really appreciate it." - Karyn Grey
chamber fscl logo