Payday Loans

        Payday Loans in New Zealand

Loan designed to have a quick and easy application process to borrow amounts generally between $100 and $2,000. The repayment term is usually between 2 days and 12 months.

$10,000
Loan amount $1,000 - $10,000
Interest 13.95 %
Maturity 6 - 60 months

Fast information

Properties of this loan

  • Online loans up to $10 000
  • Term 6 - 60 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 Financial Services Complaints Ltd

Borrow from $1,000 with interest from the 13.95 % Moread
$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
$500
Loan amount $50 - $500
Interest 365 %
Maturity 7 - 42 days

Fast information

Properties of this loan

  • Online loans up to $500
  • Term 7 - 42 days

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

About company

More information about the company Pretty Penny Loans

Borrow from $50 with interest from the 365 % 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
$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
$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
$5,000
Loan amount $300 - $5,000
Interest 0.46 %
Maturity 4 - 28 weeks

Fast information

Properties of this loan

  • Online loans up to $5 000
  • Term 4 - 28 weeks
  • Easy online application

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)
  • You need to be a NZ/AU Resident/Citizen or hold a valid work visa
  • You need to be working full-time/part-time for at least three months with your current employer
  • You need to be earning at least $300 per week
  • You need to have an active bank account with at least three regular payroll transactions
  • You need to have an access to internet as our loan application process is 100% online
  • You need to have an access to your internet banking (optional if you are seeking a loan of less than $1500)
  • You need to have an active and registered mobile number
  • You need to have an active email address
  • You do not owe money on any existing high-cost loan
  • You did not owe money on any high-cost loan within last 15 days
  • You have not taken two or more high-cost loans in the last 90 days

About company

More information about the company Seed Credit Limited

Borrow from $300 with interest from the 0.46 % 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

        Payday Loans in New Zealand

What is a payday loan?

It is a small loan designed to have a quick and easy application process to borrow amounts generally between $100 and $2,000. The repayment term is usually between 2 days and 12 months. THese types of loans are usually used for unexpected expenses when you need to access funds quickly. 

Their name comes about because they were designed as a quick cash solution to be repaid at the borrowers next pay day. The loan amount offered was traditionally based on the borrower's income; the borrower would generally not be offered any more than they earn in a month or so.

When are payday loans useful?

Because of the hefty fees associated with these loans, they’re not the best loan solution for most credit needs. So when are they useful? In most cases, people use payday loans to cover unexpected expenses that have suddenly arisen and need to be paid urgently. For example medical bills, car repairs, higher than normal utility bills, education expenses, family emergencies or even a splurge or purchase that you simply must have.

Some payday loans can be approved in minutes with the money landing in your bank account that same day. This is basically unheard of with other types of loans and an attractive feature when you need cash fast.

Not all payday lenders undertake credit checks and even if they do, they quite often accept applicants who have bad credit. This is quite an attractive feature for anyone who would struggle to get a loan from a more traditional lender. The payday lenders are more concerned with whether or not you have the income and capacity to pay your loan off and not so much worried about your credit history.

A payday loan is a temporary financial aid to tide you over until your next pay cheque and should certainly not be used on an ongoing basis or for an extended period. They may be helpful short term but the fees are not something you want to be paying long term. 

What are the fees?

Payday lending in New Zealand was formally unregulated, meaning the lenders have been pretty much free to charge whatever they like in fees and interest rates. The lender will generally be transparent about all costs associated with their loans but it’s still a great idea to carefully check the terms and conditions and their product disclosure statement (PDS) for information about the interest rate, fees and charges.

Payday loan alternatives

Should I get a payday loan?

Due to the high fees involved, payday loans are generally looked at as a last resort form of credit. With that being said, if the alternative options don’t suit your needs for whatever reason, then a payday loan might be the right option for you to bridge your financial gap. 

If you have bad credit or just need a quick, easy, short term solution, a payday loan might be the right option for you to cover your financial shortfalls in the short term.  


Payday Loans in New Zealand rating: 4.5/5 from 197 votes.

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