Moola review

Updated September 28, 2026 · BorrowCue Editorial Team · Facts checked September 26, 2026

We earn a commission when you sign up through links on this site. Partner status can affect where a brand appears in our rankings.

Our verdict

Moola is a New Zealand broker that suits borrowers with a good credit history who want a fixed rate and fast money. Borrowing runs NZD 1,000 to NZD 250,000 at rates of 8.99% to 29.95% over terms of 6 to 84, with same day funding when a lender approves in time.

Key facts

Best for
A fixed rate personal loan in New Zealand, funded the same day.
APR
8.99% to 29.95% (Source, checked September 26, 2026)
Loan amount
NZ$1,000 to NZ$250,000 (Source, checked September 26, 2026)
Term
6 to 84 months (Source, checked September 26, 2026)
Arrangement fee
Up to NZD 1,500 (GST inclusive) broker and introducer fee on successful funding; lender establishment fee NZD 195-450 (Source, checked September 26, 2026)
Credit check
Soft prequal (Source, checked September 26, 2026)
Funding time
Same-day funding possible when approved before 3pm on a business day (Source, checked September 26, 2026)
Representative example
Personal loan of $5,000 over 12 months at 12.95% p.a., fees $735, total repayment $6,145.20 in 12 payments of $512.10; APR range 8.99% to 29.95% p.a. (Source, checked September 26, 2026)
Rate type
Fixed (Source, checked September 26, 2026)
Lender type
Broker (Source, checked September 26, 2026)
Eligibility
18 or over and a NZ citizen, resident or eligible visa holder with 13+ months visa remaining, regular verifiable income, good credit history; no benefit or WINZ support, no financial hardship, no payday loans (Source, checked September 26, 2026)
Loan types
Personal, Car, Debt-consolidation, Secured (Source, checked September 26, 2026)
Credit needed
Good (Source, checked September 26, 2026)
Use cases
Home-improvement (Source, checked September 26, 2026)
Legal entity
The Lending Room Limited, trading as Moola (Moola Financial Services Ltd) (Source, checked September 26, 2026)
Headquarters
New Zealand (Source, checked September 26, 2026)
Support channels
Phone, Email (Source, checked September 26, 2026)
Pricing model
Fixed rate
Features
Same-day funding
Official website
moola.co.nz

Apps and profiles

Get the app
App Store
Elsewhere
Trustpilotshare.google

Pros and cons

Pros

  • Fixed rate borrowing at 8.99% to 29.95%, on personal, car, debt consolidation and secured loans
  • Same day funding when a lender approves early in a business day, listed under same day funding
  • A soft prequalification credit check, soft prequal, with a good credit history needed, good
  • Support by phone and email through phone and email

Cons

  • An arrangement fee of up to a broker and introducer charge on successful funding, plus a lender establishment fee
  • Applicants on benefit or WINZ support, in financial hardship, or with payday loans cannot apply
  • Student and business lending are not among its loan types (personal, car and debt consolidation)
Moola

Ready to try Moola?

Scored 8.7 / 10 by BorrowCue.

See alternatives

Who it suits

  • New Zealand citizens, residents and eligible visa holders with regular verifiable income
  • Borrowers with a good credit history who want a fixed rate and a predictable repayment
  • Anyone planning a home improvement, car purchase or debt consolidation

Who should look elsewhere

  • Monzo Flex, which sits in a single market with a listed rate of 10% to 23%
  • Cashspace, a separate market with a listed rate of PHP 12 to PHP 36
  • Anyone whose income comes from benefit or WINZ support, or who holds payday loans

The company behind it

Moola is a broker based in New Zealand that passes applications to lenders rather than lending its own money. The legal entity behind the brand is The Lending Room Limited, with Moola Financial Services Ltd also named in its disclosure. Support runs on phone and email. It holds a Financial Markets Authority financial advice provider licence, number 486566, and is listed on the Financial Service Providers Register as FSP486566.

How Moola compares

Where Moola is available

Available
New Zealand
Licence in New Zealand
Financial Markets Authority (Class 2 Financial Advice Provider licence, FSPR) (486566), checked September 26, 2026
Licence in New Zealand
Financial Service Providers Register - FSP number FSP486566 (FSP486566), checked September 26, 2026

Countries from the brand (Source, checked September 26, 2026)

Frequently asked questions

What rate would I pay on a Moola personal loan?+

Personal loans are priced at 8.99% to 29.95%, and the rate is fixed, so the rate does not drift during the term. A representative example on the site shows borrowing a smaller amount over a short term with fees adding to the total repayable, which is the clearest guide to what a loan costs overall.

How much can I borrow and over what period?+

Borrowing runs NZD 1,000 to NZD 250,000 and terms run 6 to 84. The balance you choose and the term you pick work together to set the monthly repayment, so a longer term lowers the payment but raises the total cost of the loan.

What fees will I pay?+

Moola charges an arrangement fee on top of interest: a broker and introducer fee on successful funding, plus the lender's own establishment fee. The rate itself is 8.99% to 29.95%, and the representative example on the site shows how fees push up the total repayable.

Will applying affect my credit file?+

The check is soft prequal, so an initial application uses a soft prequalification and a full application is a different step. Credit needed is good, and the site says a good credit history is part of the eligibility picture.

How fast can I get the money?+

Same day funding is listed under same day funding and applies when a lender approves an application early in a business day. Because Moola is a broker, the timing depends on the lender you are matched with, so treat it as possible rather than promised.

Who is eligible to apply?+

Applicants must be adults, and a New Zealand citizen, resident or eligible visa holder with a minimum visa period remaining. Regular verifiable income is needed, and credit history is graded as good. The site rules out benefit or WINZ support, financial hardship and existing payday loans.

Is Moola regulated?+

Yes. Moola holds a Financial Markets Authority financial advice provider licence in New Zealand, number 486566. It is also listed on the Financial Service Providers Register as FSP486566, so the entity behind the brand can be checked.

What kinds of loan does Moola arrange?+

Moola arranges personal, car and debt consolidation, and the stated use is home improvement. Loans are priced on a fixed rate basis, so the rate stays put across the term and budgeting is easier to plan around month to month.

Sources

  • moola.co.nz checked September 26, 2026

    Backs: Credit check, Features, Lender type, Loan types

    “We run a soft credit check during assessment. This does not affect your score. Once matched, some lenders may run their own.”

  • moola.co.nz/about checked September 26, 2026

    Backs: Licences

  • moola.co.nz/contact checked September 26, 2026

    Backs: Support channels

    “Phone 09 928 6800. Email info@moola.co.nz”

  • moola.co.nz/disclosure-statement checked September 26, 2026

    Backs: Headquarters, Legal entity, Arrangement fee

    “Registered office and business address: Level 8, 57 Fort Street, Auckland CBD, Auckland 1010”

  • moola.co.nz/personal-loans-nz checked September 26, 2026

    Backs: Loan amount, APR, Credit needed, Eligibility, Funding time, Pricing model, Rate type, Representative example, Term, Use cases

    “Loans from $1,000 to $250,000 across terms of 6 to 84 months”

Compiled from 5 source pages, checked September 26, 2026. We did not open an account.

Moola

Moola

A fixed rate personal loan in New Zealand, funded the same day.

8.7/10See alternatives

Your cookie choices

We use necessary cookies to make this site work. With your permission, analytics cookies help us understand usage and marketing cookies support advertising.

You can reject non-essential cookies and still use the site. Change your choices anytime in Cookie settings.

Cookie policy
Cookie settings