Bad Credit Loans

        Bad Credit Loans in New Zealand

Applying for finance can be a daunting experience. It’s all the more daunting when you know you have a bad credit score.

$50,000
Loan amount $2,000 - $50,000
Interest 6.99 %
Maturity 3 - 5 years

Fast information

Properties of this loan

  • Online loans up to $50 000
  • Term 3 - 5 years
  • Easy online application

Loan requirements

  • Over 18
  • Employed
  • Be a citizen or permanent resident of New Zealand

About company

More information about the company Harmoney Limited

Borrow from $2,000 with interest from the 6.99 % Moread
$10,000
Loan amount $100 - $10,000
Interest 0 %
Maturity 1 - 52 weeks

Fast information

Properties of this loan

  • Online loans up to $10 000
  • Term 1 - 52 weeks

Loan requirements

  • You must be over 18
  • Do you earn at least $350 per week after tax? From salary, wages or benefit (can be combined)
  • Is your income (salary, wages or benefit) direct credited into your account
  • Do you have internet banking (if you don't it only takes 5 minutes to organise simply phone your bank or call into your nearest branch)
  • Have you got photo ID — your driver’s licence, passport, an 18+ card with a birth certificate, or firearms licence
  • If employed, have you been with your employer for more than 90 days
  • Proof of address — From your bank or a government department. Eg. WINZ, HOUSING NZ, LTNZ

About company

More information about the company Superloans

Borrow from $100 with interest from the 0 % Moread
$3,000
Loan amount $500 - $3,000
Interest 49.95 %
Maturity 3 - 12 months

Fast information

Properties of this loan

  • Online loans up to $3 000
  • Term 3 - 12 months

Loan requirements

  • Be 18 years or over
  • Be a permanent NZ resident
  • Be earning a stable income

About company

More information about the company Cash Converters Franchising NZ LP

Borrow from $500 with interest from the 49.95 % Moread
$5,000
Loan amount $500 - $5,000
Interest 28.85 %
Maturity 1 - 24 months

Fast information

Properties of this loan

  • Online loans up to $5 000
  • Term 1 - 24 months

Loan requirements

  • Be over 18 years of age
  • Be a citizen or permanent resident of New Zealand

About company

More information about the company Aotea Finance Limited

Borrow from $500 with interest from the 28.85 % Moread
$10,000
Loan amount $300 - $10,000
Interest 1.5 %
Maturity 12 - 24 months

Fast information

Properties of this loan

  • Online loans up to $10 000
  • Term 12 - 24 months

Loan requirements

  • Be over 18 years of age
  • Receive a regular income to a personal bank account for at least 90 days
  • Have a direct contact number

About company

More information about the company Jacaranda Finance Pty Ltd

Borrow from $300 with interest from the 1.5 % Moread
$2,000
Loan amount $500 - $2,000
Interest 40 %
Maturity 15 - 26 weeks

Fast information

Properties of this loan

  • Online loans up to $10 000
  • Term 6 - 48 months

Loan requirements

  • You must be over 18
  • You must be a New Zealand citizen, resident or hold a current working VISA
  • You must not be bankrupt
  • You need to receive ongoing income (we can’t lend to beneficiaries)
  • You need an active bank account that your pay gets credited into on regular paydays
  • You need access to a device with internet connection
  • You need your own active email account
  • You need your own active cell phone
  • You must complete the online application
  • You must pass our employer checks

About company

More information about the company Moola.co.nz Limited.

Borrow from $500 with interest from the 40 % Moread
$100,000
Loan amount $5,000 - $100,000
Interest 8.95 %
Maturity 1 - 5 years

Fast information

Properties of this loan

  • Car loans up to $100 000
  • Term 1 - 5 years

Loan requirements

  • 18 years or older
  • Must have a valid New Zealand Drivers License or valid Passport
  • A New Zealand address

About company

More information about the company AA Finance Limited

Borrow from $5,000 with interest from the 8.95 % Moread
$10,000
Loan amount $1,000 - $10,000
Interest 3.3 %
Maturity 6 - 48 months

Fast information

Properties of this loan

  • Online loans up to $10 000
  • Term 6 - 48 months

Loan requirements

  • You must be over 18
  • You must be a New Zealand citizen, resident or hold a current working VISA

About company

More information about the company Rapid Loans NZ Limited.

Borrow from $1,000 with interest from the 3.3 % Moread
$1,500
Loan amount $300 - $1,500
Interest 10 %
Maturity 1 - 78 days

Fast information

Properties of this loan

  • Online loans up to $1 500
  • Term 1 - 78 days

Loan requirements

  • You need to be at least 18 years of age
  • You need to live in New Zealand
  • You need to be earning at least $400 net pay per week
  • You need to be in permanent employment (as an employee of that company)
  • You need to have an active bank account (for at least one pay cycle)
  • Your pay needs to be electronically transferred into your bank account regularly
  • You need to have access to a computer
  • You need to have an active email address so Zebra can communicate with you via email
  • You need to own a mobile phone -this way we can also communicate by text which includes sending you a verification code (a security feature of our service) so you can complete your application
  • You need to complete the online application

About company

More information about the company Zebra Loans

Borrow from $300 with interest from the 10 % Moread
$20,000
Loan amount $1,000 - $20,000
Interest 9.95 %
Maturity 6 - 36 months

Fast information

Properties of this loan

  • Online loans up to $20 000
  • Term 6 - 36 months

Loan requirements

  • You must be able to offer something as collateral or security for all loans. We only offer secured loans. We will consider most things
  • household items such as whiteware and electronic goods ( TVs and stereos), vehicles, property or land. If you don’t have any security, we are happy for a friend or family member to act as your guarantor to provide security on your behalf
  • You need to be over 21 (unless you have a suitable guarantor who is over 21).
  • You should have a reasonable credit history
  • You must be able to make the payments on your loan
  • You must live in NZ and be a NZ Resident or NZ Citizen (or have guarantors who are)

About company

More information about the company Admiral Finance Limited

Borrow from $1,000 with interest from the 9.95 % Moread
$2,000
Loan amount $300 - $2,000
Interest 4.16 %
Maturity 6 - 26 weeks

Fast information

Properties of this loan

  • Online loans up to $2 000
  • Term 6 - 26 weeks

Loan requirements

  • You need to be a New Zealand citizen, permanent resident or possess a valid work visa
  • You need to be at least 18 years of age. You need an active bank account (for at least one pay cycle)
  • You need to be employed and your income must be electronically transferred into your bank account on a regular basis
  • Your net income needs to meet the minimum requirement of $400 per week
  • You need a valid email account. You need an active mobile phone. You need verifiable identification

About company

More information about the company Save My Bacon Limited.

Borrow from $300 with interest from the 4.16 % Moread
$3,500
Loan amount $100 - $3,500
Interest 0 %
Maturity 1 - 45 days

Fast information

Properties of this loan

  • Online loans up to $3 500
  • Term 1 - 45 days

Loan requirements

  • 20 years or older
  • Must have a valid New Zealand Drivers License or valid Passport
  • A New Zealand address
  • A valid New Zealand mobile phone number
  • A good credit history

About company

More information about the company Ferratum New Zealand Limited

Borrow from $100 with interest from the 0 % Moread

        Bad Credit Loans in New Zealand

When the banks and traditional lenders reject your loan applications, it doesn’t necessarily mean you’re ineligible for a loan. A bad credit loan might be the perfect option for you. 

Are there any guaranteed loans for bad credit?

Unfortunately, bad credit loans guaranteed approval do not exist. Due to responsible lending obligations, lenders are required by law to ensure no one enters into a credit contract that is unsuitable for their situation. 

A loan is legally deemed unsuitable when:

It can be disappointing to be told that you can’t afford to repay a loan but it would be highly unethical for a loan to be provided to someone who was going to struggle to pay it off. The laws exist for the protection of the consumer. 

Can I get a loan with bad credit?

Yes. There are lots of different loan options for applicants with bad credit. 

The interest rates of bad credit personal loans are generally risk-based. This means that the interest rates will rise with the risk level of the borrower. If a borrower is deemed to be a high default risk, then the interest rates will be high to compensate the lender for the extra risk they are taking on. Interest rates can be really high with bad credit loans, so it's important to shop around to find a competitive rate.

Who will lend me money with a bad credit score?

For small loans, payday lenders are usually quite happy to lend to applicants with bad credit but be wary of the high fees attached to this option. 

For larger personal loans, there are a number of lenders providing bad credit loans who offer unsecured or secured loans at varying costs. The interest rates on bad credit loans are much higher than loans from traditional lenders like banks and financial institutions but you might be able to get a lower rate if you have suitable assets to use as collateral in a secured personal loan. The market is quite competitive so make sure you always weigh up your options before diving into anything. 

Warning against borrowing

Bad credit loans might seem like a great idea when you’re strapped for cash but they may not always be your best option. Loans are not designed to be used to cover expenses such as rent and food. 

If you are unsure about what the best option is for you, there is free financial help available. The Citizens Advice Bureau can help you find a financial counsellor near you. The Citizens Advice Bureau can be contacted nationwide on 0800 FOR CAB (0800 367 222).


Bad Credit Loans in New Zealand rating: 4.5/5 from 245 votes.

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