The flexible criteria we use to assess your application is generally more favourable than main stream banks. We verify all information provided in loan applications to ensure accurate details have been provided.
The decisions we make are based on the following key criteria:
Capacity – The ability to repay the loan and existing outgoings
Income – A consistent, stable and proven income is desirable
Security – Providing security can help you borrow a larger amount and can help reduce the interest rate we offer
Credit History – Good, proven credit experience is required or a Guarantor who has this proven track record
What’s a Co-borrower? – A Co-borrower is someone that agrees to help pay your loan repayments if you fall into difficulty. For more information visit the Commerce Commission
No Finance Defaults – No recent payment or loan defaults to other financial institutions
We will assess the above attributes before approving any application for credit. We do this by verifying income, residential address, valuing security, and accessing your credit history.
If your application is not approved we can let you know what you need to do over a period of time to improve the likelihood of obtaining credit in the future.
You can borrow anything from $1,000 to $60,000. Larger loans usually require security which can help reduce your interest rate. Use our loan calculator to adjust repayments to suit your budget.
If you are new customer a current valid New Zealand driver licence, current valid New Zealand Passport, a New Zealand Fire Arms Licence; or an Overseas passport (or similar document issued to enable international travel) which contains the name, date of birth, a photograph and the signature of the person to whom the document has been issued, and has been issued by a foreign government, the UN or an agency of the UN. If you do not have any of these documents call us on 0800 299 399 and a lending expert will be able to help.
Completing your application for a personal loan can take less than 20 minutes. Simply apply online here. Sometimes we require extra information – we’ll let you know if we do.
Once your application has been approved and you have returned the required documentation back to us, money can be in your account within 24 hours. We will text you as soon as your loan is paid out.
A secured loan is a loan where the borrower pledges some asset (e.g. a car, boat, caravan, property) as back-up (security) for the loan. Providing security can help you borrow a larger amount and can help reduce the interest rate we offer you.
As part of our standard credit policy, security is required for larger loans. This is standard practice for most finance companies.
A unsecured loan is where you have borrowed a loan and it doesn’t have collateral or property against it.
As part of our Responsible Lending requirements we need to ensure the information you have provided is accurate. Once your details are confirmed, we can process your application more efficiently.
Refer to the offer you received in the post or email. It will have a specific url for you to visit to enter your activation code and password.
Yes. An establishment fee of $215 applies to every personal loan. Some other fees do apply including a monthly service fee – these depend on the type of personal loan you take. Our helpful lending team will fully disclose of any other fees that you have to pay. View our rates and fees page.