MTF Finance review

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

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Our verdict

MTF Finance is a New Zealand direct lender built for borrowers with a regular income who want fixed rates, personal and debt consolidation lending, and a decision the same day you apply. Interest of 13.75% to 23.75% runs above the personal loan median of 12.25%, which is the trade-off to weigh.

Key facts

Best for
New Zealand borrowers wanting fixed rates, personal or consolidation lending, and a same-day decision.
APR
13.75% to 23.75% (Source, checked September 26, 2026)
Loan amount
NZ$2,000 to NZ$50,000 (Source, checked September 26, 2026)
Term
6 to 60 months (Source, checked September 26, 2026)
Arrangement fee
Up to NZD 380 loan establishment fee (unsecured personal loan) (Source, checked September 26, 2026)
Credit check
Hard (Source, checked September 26, 2026)
Funding time
Decision same day you apply, funds available the next business day (Source, checked September 26, 2026)
Representative example
Unsecured personal loan: $10,000 over 36 months, 13.75% p.a. (Excellent rating) - $82.94 weekly, total payable $12,936.98, incl. $380 establishment fee (Source, checked September 26, 2026)
Rate type
Fixed (Source, checked September 26, 2026)
Lender type
Direct lender (Source, checked September 26, 2026)
Free early repayment
No (Source, checked September 26, 2026)
Eligibility
New Zealand citizen, resident or visa holder over 18 years of age with a regular income (Source, checked September 26, 2026)
Loan types
Personal, Debt-consolidation, Secured, Car, Business (Source, checked September 26, 2026)
Use cases
Home-improvement (Source, checked September 26, 2026)
Legal entity
Motor Trade Finance Limited (Source, checked September 26, 2026)
Headquarters
New Zealand (Source, checked September 26, 2026)
Founded
1970 (Source, checked September 26, 2026)
Support channels
Phone, Email, Help-centre (Source, checked September 26, 2026)
Pricing model
Fixed rate
Features
Same-day funding
Official website
mtf.co.nz

Mortgages

Product fee
NZ$0 (Source, checked September 26, 2026)
Purpose
Purchase, Remortgage, First-time-buyer, Buy-to-let (Source, checked September 26, 2026)
Lender type
Direct lender (Source, checked September 26, 2026)
Legal entity
Motor Trade Finance Limited (Source, checked September 26, 2026)
Headquarters
New Zealand (Source, checked September 26, 2026)
Founded
1970 (Source, checked September 26, 2026)
Support channels
Phone, Email, Help-centre (Source, checked September 26, 2026)

Apps and profiles

Elsewhere
TrustpilotLinkedInyoutube.com

Pros and cons

Pros

  • Fixed fixed rates across 6 to 60 month terms, with loan amounts of NZD 2,000 to NZD 50,000.
  • Debt consolidation carries same day funding, a decision the same day you apply and funds the next business day.
  • A direct lender operating as Motor Trade Finance Limited since 1970, based in New Zealand.
  • Support runs on phone, email and help centre.

Cons

  • No free early repayment, so clearing a loan ahead of schedule still carries cost.
  • Credit checking is hard, hard, so the file you apply with matters.
  • Interest runs 13.75% to 23.75%, above the secured loan median of 11.52%.
MTF Finance

Ready to try MTF Finance?

Scored 9.0 / 10 by BorrowCue.

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Who it suits

  • Adults in New Zealand with a regular income, holding citizenship, residence or a visa.
  • Borrowers consolidating several debts into a single fixed rate repayment.
  • Homeowners funding renovations, a listed use case for these loans.

Who should look elsewhere

  • Anyone chasing a lower interest band should weigh Monzo Flex, listed at 10% to 23%.
  • Readers comparing a wider rate spread should also look at Cashspace, listed at PHP 12 to PHP 36.

Safety and regulation

MTF Finance is a direct lender, direct lender, so the credit decision sits with one lender rather than a broker panel. Its representative example is an unsecured personal loan priced for an excellent rating, and that example carries the loan establishment fee inside the total repayable, which is the figure to check against your own quote.

How MTF Finance compares

Where MTF Finance is available

Available
New Zealand

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

Frequently asked questions

What rate would I pay?+

Personal and related lending runs at 13.75% to 23.75% on a fixed fixed basis. That band sits above the personal loan median of 12.25%, so expect a higher top rate than a typical listed personal loan.

How much can I borrow, and for how long?+

Loan amounts run NZD 2,000 to NZD 50,000 and terms run 6 to 60 months. The lender covers personal, debt consolidation and secured loans, so the same size range covers a personal loan, a debt consolidation, or a secured or car loan.

What fees come with the loan?+

Unsecured personal loans carry a loan establishment fee, and the representative example shows that fee built into the total repayable on a loan priced at 13.75% to 23.75%. Compare the total, not just the rate.

How is my credit checked?+

Applications run a hard credit check, hard, so the decision uses your full credit file. Applicants also need a regular income plus New Zealand citizenship, residence or a visa, and must be adults.

How fast are funds available?+

On debt consolidation you get same day funding, with a decision the same day you apply and funds available the next business day. That timetable is short enough to plan a consolidation around.

Can I pay the loan off early?+

Free early repayment: no. Settling a loan ahead of its term still carries cost, so a borrower who expects an early payoff should weigh the establishment fee on the unsecured product rather than assume the exit is cheap.

How do I get help before applying?+

Support runs on phone, email and help centre, and the lender trades as Motor Trade Finance Limited from NZ after operating since 1970. A phone line, email and a help centre cover most questions ahead of an application.

Does MTF Finance cover mortgages too?+

It also offers mortgage advice covering purchase, remortgage and first time buyer, with a mortgage product fee of NZD 0. That side runs on its own rate discussion, separate from the personal loan band of 13.75% to 23.75%.

Sources

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

    Backs: Support channels

    “Contact our customer support team - 03 477 0530 ... Hours: 8:30am-5:30pm Monday-Friday, 10am-2pm Saturday.”

  • mtf.co.nz/important-information/application-terms checked September 26, 2026

    Backs: Credit check

    “Checking your credit history with Centrix and Equifax. We may share your information including repayment history with Centrix or Equifax and receive reports about your credit from them.”

  • mtf.co.nz/important-information/interest-rates-and-fees checked September 26, 2026

    Backs: APR, Free early repayment, Lender type, Pricing model, Arrangement fee, Rate type, Representative example

    “Unsecured loans range from 13.75% to 23.75% per year. Both types are fixed for the term of the loan.”

  • mtf.co.nz/important-information/mortgage-disclosure checked September 26, 2026

    Backs: Product fee

    “In most cases, MTF Finance does not charge fees, expenses or any other amount for any financial advice provided to its clients.”

  • mtf.co.nz/important-information/terms-of-use checked September 26, 2026

    Backs: Headquarters, Legal entity

    “Motor Trade Finance Limited, Level 1, 98 Great King St, Dunedin, New Zealand”

  • mtf.co.nz/mortgage-advice checked September 26, 2026

    Backs: Purpose

    “Whether you're buying your first home, investing in property, building new or reviewing your current home loan”

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

    Backs: Loan amount, Eligibility, Founded, Loan types, Term

    “If you don't have an asset to use as collateral, an unsecured personal loan might be a better way to go and you can borrow between $2,000 to $50,000”

  • mtf.co.nz/personal-loans/debt-consolidation checked September 26, 2026

    Backs: Features, Funding time

    “you'll get a loan decision on the same day you apply, plus your funds will be available the next business day”

  • mtf.co.nz/personal-loans/home-improvement-and-renovations checked September 26, 2026

    Backs: Use cases

    “Renovations”

Compiled from 9 source pages, checked September 26, 2026. We did not open an account.

MTF Finance

MTF Finance

New Zealand borrowers wanting fixed rates, personal or consolidation lending, and a same-day decision.

9.0/10See alternatives

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