Not every lender is the right fit for every borrower. Major banks tend to offer the most competitive rates but apply the strictest servicing criteria, while non-bank and specialist lenders often have more flexible policy for self-employed applicants, credit blemishes, or non-standard income — usually at a higher cost. Credit unions sit somewhere in between, offering a more personal, member-focused approach to lending. See our NZ mortgage rates page for how the major banks currently compare on price.
Rather than applying to one bank and hoping for the best, Finch assesses your situation against all four categories and recommends the lenders whose policy genuinely matches your circumstances, so you are not wasting time on an application that was unlikely to be approved. Not sure what you could borrow first? Try our free borrowing power calculator before comparing lenders.
If you've already been declined by a major bank, or know you're self-employed, credit-impaired, or an investor at your lending cap, see our full non-bank lender comparison for a category-by-category breakdown of NZ's tier 2 lenders.
Registered Banks
The cornerstone of NZ lending. ANZ, BNZ, China Construction Bank, Heartland, SBS, and The Co-operative Bank. Ideal for standard applications, 20% deposits, and competitive fixed rates.
Non-Bank Lenders
Flexible, common-sense lending. Avanti Finance, Basecorp Finance, First Mortgage Trust, General Finance, Liberty Financial, Pepper Money, and Southern Cross Partners.
Specialist Lenders
Fast, asset-backed finance. CFML, Cressida Capital, DBR, Finbase, Funding Partners, GEM By Latitude, Pallas Capital, Prospa, and Xceda Finance.
Credit Unions & Mutuals
Member-owned cooperatives and mutual banks. Unity Credit Union, SBS Bank, and The Co-operative Bank.
Not sure which lender
is right for you?
Our advisers compare policies across all 20+ partners to find the exact match for your financial situation. The service is completely free.