Personal Loans
Personal Loans
pss secured loans from
10.50% p.a.
vehicle secured loans from
12.95% p.a.
- Easy to apply with great interest rates
- Secure your loan against your PSS, GSF or motor vehicle
- Re-borrow the amount you have already paid off with PSS secured loans
- Make easy or lump sum repayments without penalty
Bring your plans to life with a personal loan
Vehicle loan
Looking to buy your first car, upgrade the family wagon, or drive the car of your dreams?
Tips on buying a car
Life milestones
Celebrate the most important days and special events of your life the way you want.
Apply now
Applying for a personal loan
You'll need:
- A copy of your latest payslip.
- Your last 3 months of bank statements.
- A screenshot of your latest PSS balance if you want to use your Police superannuation as security.
Rates and Fees
| Personal Loan security | Interest rate p.a. |
| Fully secured by PSS or GSF | 10.50% |
| Partially secured by PSS or GSF | From 11.70% to 14.75%* |
| Secured by Motor Vehicle up to a maximum of $40,000** | 12.95% |
| Unsecured up to a maximum of $30,000 | 13.95% |
*Interest rate charged for loans partially secured by Police Superannuation Scheme (PSS) or Government Superannuation Fund (GSF) is determined by the loan amount versus the value of the PSS or GSF.
**Vehicle must remain in ownership of member throughout the duration of the loan. Any changes in ownership must be communicated with PCU immediately.
| Fee | Amount |
| Establishment fee | $100 |
| Change fee | $50 |
| Top up fee (completed by PCU) | $10 |
| Top up fee (completed through internet banking - PSS secured only) | $5 |
| Early and lump sum repayments | Free |
Loan Protection insurance
Free for members under 65 whilst they are (or their parents are) employed by New Zealand Police.
You’ll be covered up to $75,000 of the outstanding loan balance upon your death or in case of a permanent disability.
If you are not eligible for the free loan protection insurance, you can apply for standard loan protection insurance through another insurance company.
The fine print
Normal lending criteria and a $100 establishment fee applies to all new loans.