Rating based on 43 reviews

SBS Bank


  • Low-interest starting from 1.75%
  • Credit union loans up to $20,000

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SBS Bank homepage

Author SBS Bank. Screenshot of SBS Bank website. [Accessed May 23, 2018]

About SBS Bank

If low fees and comprehensive financial products are what you are looking for, you have come to the right place.

A common misconception about credit unions is that they don’t offer a comprehensive range of products and services as a traditional bank. At SBS Bank you'll find that not only do they have everything that a bank does but have much more than that. They offer much more competitive rates and the lowest possible fees.

Reach your financial goals faster with them

One of the primary reasons that people choose to become members of SBS Bank is so that they can access low-rate personal loans. In addition to this great service, they also offer a range of savings and investment accounts that are second-to-none in New Zealand and will have you reaching your savings goals quickly and easily. 

A bank you can trust

With more than 150 years in business, they are highly experienced and have been assisting kiwis to achieve greatness since 1869. They are owned by members that believe that banking is all about putting clients first. 

They are a very reputable credit union that does things differently and you will most definitely experience the difference when you join them.

What SBS Bank can offer you

They offer everyday banking accounts, savings accounts that offer returns much higher than those offered by New Zealand banks.

Personal loans, debt consolidation loans, car loans, and a range of insurance products including life cover, funeral plans, car, and home insurance at much more affordable rates than you'll find elsewhere.

Get a competitive Personal loan with them

Their personal loans range from $1,000 to $20,000 which are ideal for anything from buying a new car, taking a much-deserved holiday, and even consolidating debt.

With SBS Bank you can apply for a loan online and get it credited in just 24 hours! You can also make extra payments on your loan or repay early with no penalty!

Is topping up my loan possible

Applying for an additional credit union loan will depend on your affordability and whether your credit profile allows you to take the credit. If your other loans are in good standing and you qualify for extra credit, they will gladly approve your application.

Investments and savings with SBS Bank

With them, you can enjoy 1.75% interest on a 6-month investment and 2.55% on an 11-month investment. They also have multiple saving options and solutions for every level of income.

SBS Bank Product Details

  • Loan Type Credit union loans
  • Interest Rate 1.75 – 2.55% p/a
  • Loan Amount up to $20,000

We offer much more competitive rates and the lowest possible fees

If you're looking to apply for a loan with them you must first become a member before they will allow you to apply with them.

Once you’ve done this you can then decide which of their great products makes the most sense to you and your lifestyle and they'll gladly offer you credit where and when it's needed.

Here’s how you can apply:

Step 1:

You’ll need to supply them with a breakdown of your financial situation which includes your bank statements and possibly a payslip.

Step 2:

They will come back to you within minutes and if approved, you will receive the fund within only 24 hours.

Making things easier for you

SBS Bank makes it easy to become a member and even easier to apply for the financial products and services that you need through their modern and innovative online platform.

You can apply for a loan online, open a savings account or pay accounts and bills online - which saves you time and money! To apply simply fill in their simple online contact form and they'll be in touch!

Benefits of joining them

  • Extremely low rates and fees.
  • Ways to improve your financial well-being.
  • Ample products and options for every need that might occur.
  • Fast and reliable 24/7 customer service.
  • Build a long-term relationship with them.
  • Easily apply and enjoy fast approval.
  • Quick cash payouts.
  • With them, you can save time, money, and effort.
  • Manage your money online without any hassles.
  • They are 100% transparent in the way they conduct business, so no hidden fees.
  • You can apply online without any hassles or if you prefer face-to-face assistance, you have the option to visit one of their branches.


Customer Reviews & Testimonials

March 2020

The time taken to get on my credit union loan application was less than a day.

Beth T
— Glentui —

March 2020

Applying for a credit union loan on the SBS Bank website was easy and hassle-free.

Jonathan B
— Gore —

September 2021

Will never do my banking or loans with anyone other than them again. They are such a great service provider.

Robinson J
— Christchurch —

September 2021

I was able to do my entire application online without any trouble. It was easy and super-fast.

Davis L
— Rotorua —

August 2021

A well-organised institution that offered me a very good rate.

Smith S
— Queenstown —

SBS Bank Contact Details

Physical Address

Postal Address

  • PO Box 835, Invercargill, 9840, New Zealand

Opening Hours

  • Monday 09:00 – 16:30
  • Tuesday 09:30 – 16:30
  • Wednesday 09:00 – 16:30
  • Thursday 09:00 – 16:30
  • Friday 09:00 – 16:30
  • Saturday – Closed
  • Sunday – Closed