Unexpected Costs?
Time for a new vehicle?
Need to cover the costs of renovations?
In need of a holiday?
Loans are available from F&P Savings & Loans.
Work with the team on site at Fisher & Paykel Healthcare or Appliances to determine what loans are available for your circumstances, what style of loan suits you and what special conditions may apply.
Lending Rates
The actual interest rate you will pay depends on a number of factors including the loan term, the loan size, your credit history, your personal financial position and the quality of the security offered by you. Below are indicative rates.
Last updated 7 December 2020.
| Special Loans | 16.50% – 17.50% pa |
| Loan Provider Loans | 12.25% pa |
| Motor Vehicle Loans | 10.95% pa |
*All loans are subject to our normal lending criteria. Rates vary depending on Loan type.
Unlike banks, F&P Savings & Loans do not impose default interest rates (i.e. increased rates when you are unable to meet your minimum payments).
Fees & Charges
| Establishment Fee | Payable when a loan is made | $70 – $100 |
| Variation Fee | Payable when we agree to change the structure of your loan | $40 |
| Credit Check | Veda fee where a Credit reference is required | $6.55 |
| PPSR | Fee for registering interest over security such as motor vehicle | $20 |
| Autocheck | Fee for confirming details of M/V taken as security | $13.30 |
Unlike banks, F&P Savings & Loans do not impose default fees (i.e. additional fees when you are unable to meet your minimum payments).
Loan Insurance
LoanMinder Loan Protection Insurance is an affordable way to make sure you and your family won’t have to worry about loan repayments if the unexpected happens. You can choose between Life, Trauma, Disability, Redundancy and Bankruptcy or any combination depending on your circumstances. Some conditions apply so please visit your local office for more information.
Loan Agreements, Credit Fees and Terms & Conditions
Download our General Terms & Conditions
Download our Loan Agreement Form
Download our LoanMinder Statement of Insurability
Fisher & Paykel Credit Union Incorporated (trading as Fisher & Paykel Savings & Loans) is not a registered bank – but is a registered Credit Union. Shares in the Credit Union are secured by a First Ranking Trust Deed. A registered Prospectus outlining the Terms of Offer for Debt Securities, an Investment Statement as required under the Securities Act 1978 and individual Investment Adviser Disclosure documents are available to you free of charge at the Credit Union.
An exemption Notice applies to the Credit Union because it has liabilities of less than $20 million and it would be unduly onerous and burdensome for the Credit Union to comply with the requirements to have a credit rating.
The creditworthiness of the Credit Union is therefore not rated by a rating agency approved by the Reserve Bank of New Zealand under section 157J of the Reserve Bank of New Zealand Act 1989.
Legal Protection
The Fisher & Paykel Credit Union Incorporated was registered and operates under a Registered Trust Deed. On the 5th April 2001, after a change in Government legislation, the Credit Union entered into a Trust Deed. This initiative was designed to provide members of all Credit Unions an assurance that the financial stability of the Credit Union was being monitored.
Legal Disclosure
Fisher & Paykel Credit Union Incorporated is a Registered Credit Union, Licensed by the Reserve Bank of New Zealand under the Non-Bank Deposit Takers Act 2013. It is not a Registered Bank. Shares in the Credit Union are secured by a First Ranking Trust Deed. A product disclosure statement is available to you free of charge. D s The Credit Union is not required to obtain a credit rating as it operates under the exemption contained in the Deposit Takers (Credit Ratings Minimum threshold) Exemption Notice 2009. The creditworthiness of the Credit Union is therefore not rated by a rating agency approved as defined in the Non-bank Deposit Takers Act 2013