ASB Car Loans NZ

Founded back in 1847, ASB became the country’s first savings bank, providing Kiwis with the best in banking services and financial products. As such, ASB Car Loans are a cheap way to provide additional funding for their next vehicle purchase. They use Kiwi’s experiences to develop innovative solutions and meet their specific needs.

Of course, you can always browse for other options available to you. Compare how cheap ASB Car Loans in NZ fare with other providers and lenders using our FREE service here at CompareBear! Get the best interest rates and deals in one place, saving you time and effort.

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Why Choose ASB Car Loans in NZ?

ASB takes pride in their fast turnaround times and excellent customer service, ensuring you get a response within 24 hours. You can get your funds transferred straight to your account once approved, provided you borrowed under $20,000.

How does ASB Car Loans in NZ work?

Under ASB, you can choose to finance your new vehicle via secured or unsecured car loans. Fixed interest rates start at around 12.95% for secured car loans. Unsecured car loans range between 12.95% and 19.95% p.a. You can borrow a minimum of $2,000 for unsecured loans, and $20,000 for secured loans.

Your limits will be determined by other factors such as your credit history and other personal circumstances. Your repayment terms can range from 6 months to 7 years.

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FAQs


You need to be a NZ citizen or permanent resident of at least 18 years old while earning more than $20,000 per year.

Yes. You can still buy a car privately if ASB approves your application. You can purchase a car with a minimum amount of $2,000. Under a secured car loan, you’ll have to choose a car with a value of $20,000 and it should not be registered to or financed by other lenders.

If you don’t have an ASB account, you’ll need to provide these items:

  • 1 Photo ID
  • Proof of Address
  • A bill that contains your name and address

In addition, the following IDs can also be used:

  • Passport
  • NZ Firearm License
  • NZ Driver’s License
  • Birth Certificate
  • Citizenship Certificate