Rating based on 42 reviews

Squirrel Money


  • Low-interest starting from 7.95%
  • Peer-to-peer lending up to $20,000
  • Repayment up to 2 years

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Squirrel Money homepage

Author Squirrel Money. Screenshot of Squirrel Money website. [Accessed May 23, 2018]

About Squirrel Money

Squirrel Money is New Zealand's favourite peer-to-peer lender that caters to all Kiwis who want more flexibility, 100% transparency, and better rates.

Also called person-to-person lending, they offer a platform where people looking to invest their money for better returns meet people looking to borrow at lower rates. While you can access the best finance online you also have the option of calling them and discussing your needs.

Knowing where they fit in

As a relatively new player in the field, Squirrel Money has made its way up the ranks and is now one of New Zealand's most popular personal loan providers. They help Kiwis from all walks of life get the finance they need, to move on and move up in life.

With over 1,000 investors they are able to offer a great variety of loan types including home loans, bridging finance, builders’ turnkey loans, tiny house loans, and much more.

How they started

In 2008 John Bolton started Squirrel Money to make a difference in the lives of homebuyers. Since then, the company assisted Kiwis with over $100 million in peer-to-peer loans and $8 billion in home loans.

Offering fair and affordable home loans were the main goal that got them started and until today it still remains their main focus.

What Squirrel Money can offer you

At Squirrel Money they offer personal loans that range from $3,000 to $70,000 and they do it at a much more affordable rate, with better terms, more flexibility, complete transparency, and much faster. Their home loans can go up to much higher amounts.

If you want to dictate the terms of your loan then Squirrel Money is for you.

Their loan details

With them, you can get a peer-to-peer loan of up to $70,000 and you'll be able to choose a loan term of either 2, 3, or 5 years and 30 years for home loans. Their rates start as low as 9 % for personal loans and 3.59% for home loans which is lower than all the major banks in the country and about half of that offered by other boutique finance companies and online lenders.

They offer Peer-to-peer lending the right way

They're a high-quality, responsible lender that you can trust to get you financed at the lowest p2p loan rate on the market with the most suitable loan term for your budget.

The investments

Make your money work for you by getting in touch with their friendly and knowledgeable team. With them, you can access a wide variety of investment options while they will explain to you exactly how they will manage your risk.

Squirrel Money Product Details

  • Loan Type Peer-to-peer lending
  • Interest Rate from 7.95%
  • Loan Amount up to $20,000
  • Repayment 4 weeks to 2 years

We offer peer-to-peer lending - we do it the right way

To apply for a quick loan with Squirrel Money all you need to do is visit their website and start the online loan application process. This process is quick and painless and will have you sorted out in no time.

Step 1:

You will first need to create a Squirrel Money account which should take you only a minute or two.

Step 2:

They will then assess your application and provide you with a swift answer.

Step 3:

If you want to proceed, you can accept the loan terms and receive your money within a few short hours.

A few important details

Squirrel Money does not offer bad credit loans and will assess each applicant based on their credit history and income on an individual basis. If you are refused a loan this means that you may have not met their minimum eligibility requirements and recommend that you try again in a few months’ time.

My loan application was declined

If your credit profile is not at the rank that they expect it to be, they will have no choice but to decline your loan application. They don’t want their customers to get into serious debt that will prove to be quite a mission to pay back.

At the end of the day, while they might be running a registered financial services provider, they also want their clients to be able to get the best credit deals money can buy. If your affordability is not up to par, you will have serious problems paying back the loan and your credit profile will be further dented. This is something that they will try to prevent.

Apply for more than one peer-to-peer loan

If your credit allows you to add another loan, they will approve your advance plan after first verifying that you can afford an additional loan.

They usually advise their clients to first pay off their existing credit plan before applying for future credit. However, should you need the money for an emergency, they will be able to assist you.

Benefits of using Squirrel Money

  • Low-cost loans.
  • Terms and fees that are fair and fully transparent.

Fast, reliable, and easy access to funds.

man holding thumbs up

Squirrel Money is a trusted & reliable provider of peer-to-peer lending

In our review, Squirrel Money adheres to the compliance criteria in accordance with Credit Contracts and Consumer Finance Act (CCCFA), where the granting the loan will not cause financial distress to the consumer.

Squirrel Money is a registered credit provider in New Zealand: FSP354706

Customer Reviews & Testimonials

February 2020

My peer to peer loan application was easy to follow through and completed within 10 minutes.

Isabella V
— Greymouth —

March 2020

The loan application system at Squirrel Money is so convenient to use!

Nicholas M
— Grovetown —

September 2020

They changed so much for me and my family. I got a loan that I never thought was possible.

Martin A
— Queenstown —

October 2021

Even though they are extremely cheap they are also very fast and straight to the point.

Morrison O
— Nelson —

February 2022

A very professional company that exists for the people. Their focus is more on people than it is on money. I love this company.

Clifford J
— Hamilton —

Squirrel Money Contact Details

Physical Address

Postal Address

  • PO Box 911254, Victoria Street, West Auckland, 1142, New Zealand

Opening Hours

  • not available