Loans for unemployed people

        Loans for unemployed people in New Zealand

It can be tricky to access finance if you are unemployed and need to borrow money, but certainly not impossible.

$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
$15,000
Loan amount $800 - $15,000
Interest 10 %
Maturity 7 - 36 months

Fast information

Properties of this loan

  • Online loans up to $15 000
  • Term 7 - 36 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 Crester Credit

Borrow from $800 with interest from the 10 % 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
$75,000
Loan amount $1,500 - $75,000
Interest 6.99 %
Maturity 6 months - 7 years

Fast information

Properties of this loan

  • Online loans up to $75 000
  • Term 6 months - 7 years

Loan requirements

  • You need to be over 18 years old
  • You need to be currently residing in New Zealand
  • You need to have a valid photo ID (any passport or NZ driving license accepted)

About company

More information about the company Credit Simple (NZ) Limited

Borrow from $1,500 with interest from the 6.99 % Moread
$75,000
Loan amount $3,000 - $75,000
Interest 6.99 %
Maturity 1 - 7 years

Fast information

Properties of this loan

  • Online loans up to $75 000
  • Term 1 - 7 years

Loan requirements

  • Be 18 years or over
  • Be a permanent NZ resident

About company

More information about the company The Lending People Limited

Borrow from $3,000 with interest from the 6.99 % 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
$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
$20,000
Loan amount $200 - $20,000
Interest 11.97 %
Maturity 1 - 52 weeks

Fast information

Properties of this loan

  • Online loans up to $20 000
  • Term 1 - 52 weeks
  • Easy online application

Loan requirements

  • 18 years +
  • Driver licence or Passport details
  • Bank account # and a statement
  • Vehicle registration plate
  • An active mobile phone
  • An active email address

About company

More information about the company Pronto Finance Limited

Borrow from $200 with interest from the 11.97 % 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

        Loans for unemployed people in New Zealand

The Community Finance Scheme exists to offer loans at an affordable price to unemployed and low income earners. The two options available are the No Interest Loan Scheme (NILS) and the Low Interest StepUP Loan. 

NILS. The No Interest Loan Scheme is run by Good Shepherd NZ and allows families on low incomes an opportunity to access affordable finance. There is no interest charged on these loans, you simply repay what you borrow. Loans of up to $1,000 are offered for the purchase of essential goods and services such as household goods, educational essentials, car expenses and some medical expenses. The borrower has up to 18 months to repay the money. 

To be eligible for a NILS loan you must:

StepUP Loan. StepUP is a not-for-profit loan initiative for low or no income earners. It is provided by Good Shepherd NZ and BNZ and is also supported by the New Zealand Government. They offer fixed-interest loans at a low interest rate without any additional fees or charges. Loans from $1,000 to $5,000 are available with a low interest rate of 6.99% per annum. Repayments are calculated according to the borrowers budget and ability to repay and can have a generous term of up to 3 years. Like NILS, StepUP is to be used for essential goods and services only. 

To qualify you must:

Other options. If you’re in need of a loan of a higher amount or for purposes outside of the essential goods and purposes list, there are other options available to you. There are many providers who will consider applicants who are unemployed and on government benefits. We are able to help borrowers find the best cash loans for their individual circumstances.  

Payday Loans or cash loans. The fees are high but the turnaround time can be as fast as one day. When small amounts of cash are needed fast, payday loans can be a useful option for applicants who are unemployed. 

Personal Loans. When you need to borrow larger sums, secured or unsecured personal loans can be offered to you if you are unemployed. The interest rate will be higher than if you had steady employment simply for the fact that the lender is taking on more risk by lending to someone who is not earning a wage. 

The idea of borrowing money when you’re unemployed can be daunting but there are options to suit your needs. We work with people from all walks of life to ensure we do the utmost to help them find a loan to suit their needs.


Loans for unemployed people in New Zealand rating: 4.5/5 from 174 votes.

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