Personal Loans


Personal loans

PSS Secured Loans from

10.50% p.a.

Vehicle secured loans from

12.95% p.a.

  • Easy to apply
  • Great interest rates
  • Secure your loan against your PSS, GSF or motor vehicle
  • Borrow up to $10,000 on an unsecured loan
  • Re-borrow the amount you have already paid off with PSS secured loans
  • Make early or lump sum repayments without penalty
Apply for a personal loan

Loan protection insurance

Free for members under 65 whilst they are (or their parents are) employed by New Zealand Police.

You’ll be covered up to $75,000 of the outstanding loan balance upon your death or in case of a permanent disability.

If you are not eligible for the free loan protection insurance, you can apply for standard loan protection insurance through another insurance company.

See terms and conditions

Interest rates

The interest rate charged for loans partially secured by Police Superannuation Scheme (PSS) or Government Superannuation Fund (GSF) is determined by the loan amount versus the value of the PSS or GSF.

Personal Loans Interest Rate p.a.
Loans fully secured by PSS or GSF 10.50%
Loans partially secured by PSS or GSF From 11.70% - 14.75%*
Loans secured by Motor Vehicles 12.95%
Unsecured up to a maximum of $10,000 17.00%




Fee Amount
Establishment fee $100
Change fee $50
Top up fee when completed by PCU $10 per top up
Top up fee when completed through internet banking $5 per top up

Apply for a personal loan

You'll need:

  • Your QID if you're a sworn officer.
  • The value of your PSS or GSF if you want to use your Police superannuation as security. This is available at or you can call Mercer on 0800 777 243 to arrange a valuation.
  • Your bank account statements for the last 3 months.

The fine print

Normal lending criteria and a $100 establishment fee applies to all new loans.

See our Terms, Conditions, and Loan Agreements.