Nomu Finance

Nomu Finance, personal and vehicle loan brokerage in New Zealand

Nomu Finance Limited operates as a licensed financial advice provider in New Zealand and works with a panel of lenders in the country. Its model is based on a single application: the customer describes their financing need and the platform identifies which lenders match their profile, avoiding multiple credit enquiries. The company presents itself as a smart loan matching option, with repayment estimates in minutes and online processing.

Available financing products

The company's range covers personal loans and vehicle loans, with amounts from NZ$3,000 to NZ$100,000 and terms of 1 to 7 years. Among the purposes the firm details are:

• Debt consolidation: combining several commitments into a single repayment.
• Home renovations and improvements.
• Life events: weddings, funerals and education.
• Family emergencies with fast access to funds.
• Holidays, travel and leisure experiences.
• Medical expenses and private treatments, including cosmetic surgery and dentistry (implants, orthodontics and major procedures).
• Vehicle financing in general: cars, SUVs and pick-ups, electric vehicles, caravans and motorhomes, boats and motorcycles.

The company states that loans can be used for any lawful purpose provided the borrowing is affordable.

How the application process works

The process is structured in three steps. First, the applicant completes an online application in about five minutes. Then the platform analyses their situation and finds the financing options available for their circumstances. Finally, the customer reviews rates, terms and fees and chooses the loan that suits them. According to the information published, funds are usually available within 24 hours of approval, and same-day funding may be possible if documentation is completed and approved before 12:00. Applications are not processed on Sundays or public holidays.

Financial terms and requirements

Fixed rates for personal and vehicle loans range from 8.45% per annum (secured) and 12.45% (unsecured) up to 29.95% per annum, with terms of 12 to 84 months. The specific rate depends on the applicant's circumstances, the type of financing and the security provided. An establishment fee of up to $350 and a brokerage fee of up to $995 may apply, plus a PPSR fee of between $0 and $14. The company publishes an illustrative example: a $10,000 loan over 5 years at 12.95% per annum, with $700 in establishment and brokerage fees and $10 PPSR, results in monthly repayments of $243 and a total amount payable of $14,605. That example excludes optional loan protection, payment protection or vehicle breakdown insurance. The maximum Annual Percentage Rate (APR) is 29.95%. Secured loans can reach $100,000; unsecured personal loans generally up to $75,000. Approval is subject to lending criteria and affordability assessment.

Repayment calculator and transparency

The website includes a calculator that allows you to estimate repayments based on amount, term (1 to 7 years) and interest rate, with weekly, fortnightly or monthly results. The firm emphasises that there is no cost to apply or to get a decision, and that if the loan is taken out it may receive a commission from the lender. All costs are disclosed before you commit. The company also provides information on optional insurance options and keeps its disclosure statement and regulatory and licensing information published.

Regulatory profile and customer service

Nomu Finance Limited is registered under number FSP1011169 under the Financial Service Providers (Registration and Dispute Resolution) Act 2008, and is a member of the Insurance & Financial Services Ombudsman Scheme (IFSO) with number 5008189. The company has a New Zealand-based team that supports the customer throughout the process, and offers contact channels by phone, email and instant messaging. Its postal address is in St Heliers, Auckland.

Location and contact

PO Box 25875, St Heliers, Auckland 1071 · Phone: 0800 437 621 · Email: hello@nomu.co.nz