Instant Finance – Loan Review
Amount, $200 - $20 000 ;Term, 3 - 36 months
Applying does not commit you to any agreement.
Instant Finance
Instant Finance is one of New Zealand's most established alternative lenders, operating for over 50 years. Personal loans from $200 to $20,000 with terms from 3 to 36 months. Unlike banks, Instant Finance considers applications from customers with bad credit, no credit history, or those receiving Work and Income (WINZ) payments.
Applications can be made online, over the phone, or at branches around New Zealand. Branch-based applications can often result in same-day cash. Instant Finance focuses on affordability rather than strict credit scoring.
Rates start from 29.95% p.a. with a maximum of 49.95% p.a. plus fees. Always review the full cost disclosure before signing.
✓ Pros
- Accepts bad credit and WINZ recipients
- 50+ years in operation
- Branch network for in-person service
- Same-day cash at branches
✗ Cons
- High interest rates 29.95%-49.95% p.a.
- Maximum 36 months
- Establishment and account fees apply
Loan Example
Example: $3,000 over 24 months at 29.95% p.a. = approx. $167/month, total repayment approx. $4,008.
Loan Requirements
- ✓ NZ citizen or permanent resident
- ✓ 18 years or older
- ✓ Regular income (including benefits)
- ✓ NZ bank account
- ✓ Valid ID
Loan Features
- Online loans up to $20 000
- Term 3 - 36 months
Frequently Asked Questions
3 - 36 months after submitting your application.
The minimum amount at Instant Finance is $200.
Yes, Instant Finance offers an online application process. Visit their website to apply.