Looking to buy a new car or upgrade your current one?
We’ve teamed up with the Police Welfare Fund (PWF) to bring you even more value when you finance your new vehicle with us.
How it works
Apply for a car loan
Fill out our online loan application form. Make sure to choose 'vehicle' for the loan purpose.
Buy your car
Once your car loan is approved and paid out, it's time to go and purchase your new ride.
Get covered
Log in to NZPA and request a quote for your car insurance within a month of receiving your loan funds. If it is accepted, they will pay for 2 months of premiums.
Offer eligibility
To qualify for this offer, you must:
1. Be a member
Or be eligible to be a member of the Police Welfare Fund and the Police Credit Union.
2. Purchase a car
The car must be for personal use and be purchased using a new Police Credit Union car loan.
3. Meet standard criteria
This includes all normal Police Welfare Fund eligibility, acceptance and underwriting criteria, and lending criteria for the Police Credit Union.
Police Welfare Fund Car Insurance
You can choose from full cover, third party fire and theft, or third party only insurance.
FAQs
Q: Why is this offer available?
A: This offer is through a partnership between the Police Credit Union and the Police Welfare Fund – sister organisations working together to support the wellbeing of our members.
By combining a PCU car loan with car insurance through the PWF, we’re making it easier and more affordable to get on the road with confidence.
Q: Am I guaranteed 2 months' free car insurance if I'm a PWF member and my car loan is approved with PCU?
A: The Police Credit Union can't guarantee you will be eligible for the 2 months free insurance. For instance, the car you purchase may not meet underwriting criteria.
To be eligible for the 2 months' free car insurance, you will need to meet all Police Welfare Fund normal eligibility, acceptance and underwriting criteria.
Examples of factors that may affect your eligibility include:
- Age of driver
- Make and model of vehicle
- Driver history
When you request a quote, the PWF will let you know if any of these apply.
Q: Can I take up this offer if I already have car insurance with PWF?
A: This offer is for new car insurance policies taken out with the Police Welfare Fund, along with a PCU car loan. Existing policies or renewals are not eligible.
Q: How will the 2 months' free insurance show on my insurance statement?
A: It will show as a deduction for your car insurance premium and then as a credit. Your insurance documents will show the full premium.
Note: Due to timing, your first insurance premium may be deducted and not receive a credit. If this happens, your following two months of premiums will be free.
Q: How long is this offer available?
A: This is a limited-time offer and may be withdrawn at any time – so if you're thinking about a new car, it's a good idea to get started soon!
Ready to apply?
Get your supporting docs ready
Download and save a copy of your latest payslip. Screenshot a copy of your latest PSS balance if you want to use it as security.
Know your expenses
Have a quick look through your bank accounts, statements or budget so you've got a good idea of your income and expenses.
Have 10 minutes
It's easiest to apply using a PC or laptop. You'll want around 10 minutes and to do it all in one go. Once you're all done our team will be in touch.
Interest rates and fees
Interest Rates:
| Personal Loan | Interest Rate p.a. |
| Loans fully secured by PSS or GSF | 10.50% |
| Secured by motor vehicle up to a maximum of $40,000 | 12.95% |
| Unsecured up to a maximum of $30,000 | 13.95% |
Fees:
| Fee | Amount |
| Establishment fee | $100 |
| Change fee | $50 |
The fine print
Normal lending criteria and a $100 establishment fee applies to all new loans.