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MTF Finance review

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

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Our verdict

MTF Finance is a long standing direct lender for New Zealand borrowers who want a personal or debt consolidation loan at a fixed rate. It suits people who value quick decisions over flexibility, with rates at 13.75% to 23.75% and a hard credit check.

Key facts

Best for
Fixed rate personal and debt consolidation loans with a decision on the day you apply.
APR
13.75% to 23.75%↗
Loan amount
NZ$2,000 to NZ$50,000↗
Term
6 to 60 months↗
Arrangement fee
Up to NZD 380 loan establishment fee (unsecured personal loan)↗
Credit check
Hard↗
Funding time
Decision same day you apply, funds available the next business day↗
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↗
Rate type
Fixed↗
Lender type
Direct lender↗
Free early repayment
No↗
Eligibility
New Zealand citizen, resident or visa holder over 18 years of age with a regular income↗
Loan types
Personal, Debt-consolidation, Secured, Car, Business↗
Use cases
Home-improvement↗
Legal entity
Motor Trade Finance Limited↗
Headquarters
New Zealand↗
Founded
1970↗
Support channels
Phone, Email, Help-centre↗
Pricing model
Fixed rate
Features
Same-day funding
Official website
mtf.co.nz

Mortgages

Product fee
NZ$0↗
Purpose
Purchase, Remortgage, First-time-buyer, Buy-to-let↗

Facts checked September 26, 2026, 9 sources

Apps and profiles

Elsewhere
TrustpilotLinkedInyoutube.com

Pros and cons

Pros

  • Direct lender, so you deal with the funder rather than a broker
  • Decision on the day you apply, with funds available the next business day
  • Fixed rate borrowing, so repayments hold steady across the term
  • Personal, debt consolidation, secured, car and business lending in one place

Cons

  • Free early repayment is no, so settling early carries a cost
  • An arrangement fee applies to an unsecured personal loan
  • Rates at 13.75% to 23.75% sit well above the site median of 15.5%
MTF Finance

Ready to try MTF Finance?

Scored 9.1 / 10 by SumCue.

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Who it suits

  • Adults in New Zealand with a regular income and a credit file that supports a hard credit check
  • Borrowers consolidating several debts into a single fixed rate repayment
  • People who need a decision on the day and funds the next business day

Who should look elsewhere

  • Anyone planning to repay early, since free early repayment is no
  • Borrowers wanting a variable rate, as the rate type is fixed
  • Applicants outside New Zealand, since eligibility covers citizens, residents and visa holders

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 will I pay and is it fixed?+

Rates run from 13.75% to 23.75% and the rate type is fixed, so repayments do not shift with the market. The site median sits at 15.5%, so expect a higher cost than a typical listing on this site.

Are there fees on a personal loan?+

An unsecured personal loan carries a loan establishment fee, and the published representative example spreads repayments weekly with that fee built into the total payable. Ask for the fee quoted on your own loan before you sign anything.

Can I repay the loan early without a charge?+

Free early repayment is no. If you may settle the loan ahead of schedule, ask what an early repayment would cost on your balance, or compare a lender that does not charge for settling early.

Does MTF Finance run a credit check?+

The credit check is hard, so the search can affect your credit file. Hard checks are the norm here, appearing on 75% of the listings, so a soft prequalification check is the exception.

How fast do I get the money?+

The decision comes on the day you apply and funds are available the next business day, with same day funding listed for debt consolidation. Same day funding is the less common setup, shown on 57.5% of personal loan listings.

How do I get help?+

Support runs on phone, email and help centre, so you can phone, email or use the help centre. A help centre appears on 79.6% of the brands listed, among the more common setups.

Who is the lender behind the brand?+

The legal entity is Motor Trade Finance Limited, a direct lender based in New Zealand. Dealing with the funder directly means the terms come from the company itself rather than through a broker.

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

Fixed rate personal and debt consolidation loans with a decision on the day you apply.

9.1/10See alternatives