Cash Converters – Loan Review
Amount, $500 - $3 000 ;Term, 3 - 12 months
Applying does not commit you to any agreement.
Cash Converters Personal Loans
Cash Converters is a well-known NZ brand offering short-term personal loans from $500 to $3,000 with terms from 3 to 12 months. Physical store locations around New Zealand allow in-person applications. Rates start from 49.95% p.a.
Applications can be made in-store or online. Cash Converters is known for serving customers with lower credit scores or those declined by banks. In-store applications often result in same-day access to funds.
Always review the full cost disclosure to understand the total repayment amount before proceeding.
Cash Converters repayment example
Indicative repayment scenarios. Always confirm the exact cost of credit on the lender's website before you apply.
| Amount | Fee | Total payment | Term |
|---|---|---|---|
| $500 | $240 | $740 | 3 months |
| $1 000 | $274 | $1 274 | 3 months |
| $2 000 | $661 | $2 661 | 7 months |
How to apply for Cash Converters
- Fill out an online application
- Wait for approval
- Receive your funds
Cash Converters eligibility requirements
- Be 18 years or over
- Be a permanent NZ resident
- Be earning a stable income
About Cash Converters
Cash Converters is operated by Cash Converters Franchising NZ LP. Registered location: 2/100 Church Street, Onehunga, Auckland 1061. New Zealand lenders are expected to operate under the Credit Contracts and Consumer Finance Act (CCCFA) responsible-lending rules — always read the full loan terms before signing.
✓ Pros
- In-store and online applications
- Accepts lower credit scores
- Same-day cash in-store
- Widely known brand
✗ Cons
- High interest rates 49.95% p.a.
- Short maximum term 12 months
- Small maximum loan $3,000
Loan Example
Example: $1,000 over 6 months at 49.95% p.a. + fees – check cashconverters.co.nz for full cost disclosure.
Loan Requirements
- ✓ NZ citizen or permanent resident
- ✓ 18 years or older
- ✓ Regular income
- ✓ NZ bank account
- ✓ Valid ID
Loan Features
- Online loans up to $3 000
- Term 3 - 12 months
Frequently Asked Questions
3 - 12 months after submitting your application.
The minimum amount at Cash Converters is $500.
Yes, Cash Converters offers an online application process. Visit their website to apply.