Prime Home Improvement Loans
Beat Banks at 12.95%
Beat bank rates like ANZ/Westpac’s 13.90%** with SMB’s low-rate loans for renovations. Fast, transparent, and trusted by thousands with 4.9/5 stars on Trustpilot.
Trusted by thousands
Excellent Trustpilot rating from 3,300+ reviews
Upgrade Your Home with SMB
Transform your space with SMB’s prime personal loans, starting at 12.95%** pa – lower than major banks. Our fast, secure process and flexible terms make us the choice for homeowners in Auckland, Wellington, Christchurch, and across NZ. Trusted by thousands for dependable support.
**Our standard annual interest rates range from 12.95% to 49.95% per annum, with an establishment fee of $240 and an account fee of $4 per month (when paying monthly), $2 per fortnight (when paying fortnightly), or $1 per week (when paying weekly). Normal lending criteria and responsible lending inquiries apply.
How we stack up with the big banks
Don't just take our word for it – check the facts. We've crunched the numbers on starting unsecured personal loan rates from major NZ lenders. SMB's 12.95% pa** puts us ahead of the curve for most banks*, making us a no-brainer for smart borrowers.
*Rates as published on 23 February 2026 - subject to change and credit checks: https://www.interest.co.nz/borrowing/personal-loan. **The 12.95% rate applies to our lowest-risk customers; your actual rate may vary between 12.95% and 49.95% depending on risk factors. An establishment fee of $240 and account maintenance fees of $1-$4 per payment apply (see more here).
Your Path to Smarter Borrowing
Whether you're consolidating debt, renovating your home, or tackling unexpected expenses, SMB is here with:
Bank-Beating Rates
Start at 12.95% pa** – cheaper than most banks.
Lightning-Fast Approvals
Apply online, get decisions in minutes.
Flexible Terms
Tailored repayments to suit your life.
Trusted by Thousands
4.9/5 stars on Trustpilot from happy Kiwis.
No Hidden Fees
Full transparency – what you see is what you get.
**Our standard annual interest rates range from 12.95% to 49.95% per annum, with an establishment fee of $240 and an account fee of $4 per month (when paying monthly), $2 per fortnight (when paying fortnightly), or $1 per week (when paying weekly). Normal lending criteria and responsible lending inquiries apply. Rates as of September 2025, subject to change.
We’re here to make it easy
Same-day funding
Get your funds as quickly as the same day your loan is approved so you can get moving ASAP.
Not secured to your home
Our rates may be higher than a bank, but we don’t secure against your home.
Trusted by 30,000 Kiwis
And with over 3,368 5-star reviews, know you’re in good hands.
★★★★★
3,300+ 5-star Reviews
24/7
The SMB Loan
Improve your credit score
🏡
Not secured against your home
😉
Pay off faster with one-off payments
30,000+ Customers
😍
Up to $20,000
Tips and
ideas on
how to save
⏰
Draw-down in as little as 24 hours
🥇
1 simple fixed rate
Apply in 7 mins
NZ Call Centre
⌛️
Top-ups in 5 minutes
Personal loans for hassle-free funds, fast
Same-Day Funding
Not secured against your home
Lump sum payments help you pay off debt faster
Top-rated (5-Star) personal loans
Fixed Rate
Loans up to $20,000
Your loan could be just three steps away
Our standard annual interest rates are 12.95% - 49.95%, with an establishment fee of $240 and a monthly account fee of $4. Normal lending criteria and responsible lending enquiries apply.
FAQs
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Our personal loans help fund life’s smallest to biggest moments. Our products are designed to provide customers with access to competitively priced credit whenever and wherever they need it.
Take a look to see whether you qualify for a loan and and take a look at our loan products here.
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Making your loan repayments on time, leads to a brighter tomorrow through positive credit reporting! SMB has partnered with credit bureau Equifax to ensure customers benefit from paying their loans on time. Making your payments on time will positively impact your credit score, which is a great way to get your score moving in the right direction.
Want to know more about what your credit score is and how positive credit reporting works? Check out our article here.
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We know your loan is important to you, so we work hard to get it to you quickly! If your loan is approved on a business day, we will make payment to your bank on the same day.
The exact time that funds will become available to you will depend on your bank, but it should be within a few hours post approval!
We'll keep you updated on the status of your application by email and text, and you can also call our friendly customer team FREE on 03 288 2562 to discuss the status of your application.
Click here for more information on our loan application process.
All loan applications are subject to responsible lending inquiries.
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You sure can!
Basically, a top-up is a new loan, just with a portion of the funds being used to settle your previous loan balance.
You just need to make sure the top-up is enough to clear your existing loan balance AND cover off what you need the new loan for.
The amount you can top-up by is dependent on your individual circumstances! Each top up request for additional funds is subject to a full credit assessment.
What we look at when we assess your top-up loan application:
You have a history of making payments on time on your current Flex Loan
That the new loan remains affordable and there has been no significant change in your circumstances including changes in income, expenses and other financial commitments
The new loan continues to meet your requirements and objectives
You have demonstrated good account behaviour reflecting a responsible borrower. This means your bank statements don't show:
Reversals to other credit and/or utility providers
Transfers and withdrawals causing reversals
Problem gambling impacting your ability to meet payment obligations
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You can request an early repayment at any time at no extra cost or penalty!
Please call our repayments team FREE on 03 288 2562 before making an extra payment so we can provide you with the exact balance to pay and adjust your repayment schedule if necessary.
Click here for more information on repaying your loan.
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We want to ensure you have the best borrowing experience possible and we have a number of options available to keep you on track. We encourage you to contact us if you can’t make a payment – we can talk about your options and adjust your repayments!
Our friendly repayments team are here to help – give them a call FREE on 03 288 2562 or send an email to repayments@smb.nz
We understand that sometimes you can struggle financially, we are here to help you! Although it can be tempting to just ignore the situation and hope things will improve for the better, missing a payment may hurt your credit score! If you feel things might get out of control or if your individual situation has changed, all you need to do is give us a call and we can help protect your score, and work together to find a repayment solution that is suitable.
Click here for more information on repaying your loan.
Click here for more information on financial hardship.