Personal Lending

At UNO Society, we make lending simple, transparent, and fair. Below you’ll find our standard consumer loan terms and all costs of borrowing, so you know exactly what to expect before applying and can make an informed decision about choosing UNO Society. We provide personal and small-purpose loans to eligible borrowers employed in New Zealand, including tool and equipment loans, personal loans, and vehicle loans.

Standard Loan Terms

All consumer loans are issued under UNO Society’s General Terms and Term Loan Specific Terms, which sets out your rights and obligations as a borrower.

You can download and review both agreements here: General Terms | Term Loan Specific Terms

  • Loans are typically unsecured, though we may request security in some cases.

  • Interest is calculated on a daily reducing balance and applied weekly.

  • Repayments are made weekly by direct debit or Paymaster.

  • You can make extra repayments or repay early at any time with no penalty.

Interest Rates & Fee’s

The following fees and interest charges apply to all consumer loans:

Annual Interest Rate | 14.95% - 24.95% p.a.

  • Your rate depends on factors including your credit profile, loan type, term, and whether the loan is secured or unsecured. Interest is calculated daily on the total amount owing and applied weekly.

Loan Administration Fee | $200 (one-off)

  • Charged at the start of your loan to cover setup and documentation costs.

Credit Check Fee | $16.50 (one-off)

  • Charged at the start of your loan to cover the cost of performing a credit check

Account Maintenance Fee | $2.50 per week

  • Charged weekly for account management and servicing.

Letter Fee | $10.00 (per letter)

  • Charged for account statements requested outside of what we are required to send you.

Default Fees

  • Defaulted Payment Fee | $15.00 (Payable if any scheduled payment into your account from your bank is made late after the date due, or is reversed or is not made)

  • Per Reminder Letter Issued | $20.00 (Payable if we have to write a letter for a missed payment or default under your contract)

  • Per Personal Visit Letter Issued | $25.00 (Payable if we have to write a letter for a missed payment or default under your contract)

Default Interest

  • Default Interest | 10% per annum more than the interest rate provided in your contract. If you fail to make any payment (including interest) on the due date until the date UNO Society receives full payment of that overdue amount.

Responsible Lending

UNO Society is a registered financial service provider and complies with the Credit Contracts and Consumer Finance Act 2003 and the Responsible Lending Code. All loans are subject to responsible lending enquiries, availability and approval.

Contact

If you have any questions about our loan terms or costs of borrowing, please contact:

Email: lending@unosociety.co.nz