Pretty Penny Loans – Loan Review
Independent NZ review of Pretty Penny short-term loans from $50 to $500.
Pretty Penny Loans is no longer able to lend in New Zealand. The Commerce Commission alleged irresponsible lending (loans charged at rates up to 365% a year) and took High Court action in 2019; in a July 2020 settlement, the lender agreed to write off outstanding loan balances, refund affected borrowers, and gave a court-enforceable undertaking never to advertise, offer or enter into consumer loans in New Zealand again. Its former website is also no longer reachable. We keep this review for reference, but do not recommend or link to this provider — please compare active, licensed lenders below instead.
Pretty Penny Loans is a New Zealand online lender offering small, short-term loans designed to cover unexpected expenses between paydays. This independent review from CoolFinance NZ explains how the product works so you can decide whether it suits your situation. We are a comparison portal, not the lender, so always confirm details on the official website at www.prettypenny.co.nz.
Pretty Penny Loans Review
Pretty Penny Loans provides small short-term loans ranging from $50 to $500, with repayment terms between 7 and 42 days. This places it in the payday-style category of NZ lending, where loans are intended for short bridging needs rather than long-term borrowing. Interest rates and fees vary, so check the current rate and total cost of credit on the official website before you commit. Borrowing only what you can comfortably repay on your next payday helps you avoid rollover costs.
Pretty Penny login
To access your account, manage repayments or view your loan balance, visit the official Pretty Penny website at www.prettypenny.co.nz and use the login or My Account area. If you have trouble signing in, use the password recovery option on the site or contact the lender directly. For security, only ever log in through the official website.
Is Pretty Penny safe?
Reputable NZ short-term lenders must comply with the Credit Contracts and Consumer Finance Act (CCCFA), which sets out responsible lending and disclosure requirements. Before applying, confirm the lender's full terms, fees and complaints process on its official website, and make sure you understand the total amount repayable. Never share login details with third parties.
How to apply
Applications are completed online via the official website. You will typically need to be a NZ resident, be over 18, provide identification and supply income and bank details so the lender can assess affordability. Approval is never guaranteed and depends on the lender's checks.
Loans like Pretty Penny
If you want to weigh up other options before borrowing, compare several NZ short-term lenders side by side. Alternatives in this space include:
- Other online payday-style lenders offering small dollar amounts over short terms
- Personal loan providers offering larger amounts and longer repayment periods
- Cash advance and instant small-loan services for urgent needs
- Credit unions and community finance options that may offer lower-cost lending
Use our loans comparison tool to check rates and terms, or browse all available loans to find a product that fits your budget.
Pretty Penny Loans 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 |
|---|---|---|---|
| $100 | $102 | $202 | 30 days |
Loan Example
Loan amount $50 borrowed and fully repaid after 30 days of using the loan. Total amount payable = $202. The fee would be $172.
Loan Requirements
- ✓ Be over 18 years of age
- ✓ Be a citizen or permanent resident of New Zealand
- ✓ Demonstrate a regular income and an ability to repay all loan costs
Loan Features
- Online loans up to $500
- Term 7 - 42 days