Apply for a Payday Loan

Representative example: APR 407.39%. If borrowed $1000 for 62 days, interest $692. Total amount repayable $1692. Interest rates: Maximum nominal APR of $1000: 407.39%. Rates from 278% to 1576% (3 – 12 month repayment)

What are Payday Loans in NZ?

A payday loan is a form of payment advance, where you borrow money for a short period of time and repay it with your employment cheques. The money borrowed is then repaid once a person receives their next pay cheque, hence the term "payday loan". They are also called bad credit loans NZ, bad credit and no credit check loans. While they typically are considered given for people who are employed (hence the term "payday"), they are also given to people who are on benefits or receive fixed payments on a weekly or monthly basis.

A pay day loan is usually taken out when a crisis or emergency arises that the borrower doesn't have the cash on hand to remedy. A vehicle may break down, preventing one from going to work, or a medical emergency may arise. While some people can rely on friends or family to help them through these types of scenarios, others rely on emergency loans to get them through until their next pay cheque.

Following is a list of things to consider if you wish to get a payday loan:

  • Loans for Beneficiaries

    What is a payday loan for beneficiaries? They are a type of loan given to people who may not be employed, but are currently receiving benefits. If you are a beneficiary and receiving fixed income payments from government source, a will, a court settlement or other type of fixed income, click apply and submit your application today!

  • Unsecured Payday Loans

    What is an unsecured loan? When a lending company decides to issue you a loan, but they do not require collateral to secure it, these are called unsecured payday loans. Instead of using collateral to protect the lender's interest, they use the fact that someone is employed and the recipient of a weekly or monthly pay cheque to secure the loan. Another instance is when someone is receiving benefits that is a weekly or monthly income, and use that income as security assurance that the lender will be repaid. Because this represents a larger risk for the lender, a higher APR interest rate is charged and fees may be involved.

    Payday Loans for Bad CreditAmount
    Payday Cash Loans$100
    Bad Credit Payday Loans$200
    Same Day Payday Loan$400
    Guaranteed Payday Loan NZ$500
    Bad Credit No Credit Check Payday Loans$700
    Unsecured Payday Loans$800
    No Security Payday Loans$900
    Fast Payday Loans$1000

  • Payday Loans for Beneficiaries NZ

    As mentioned above, employment is one avenue to qualifying for a payday loan, but another is when someone is the recipient of benefits. What are benefits? For the purpose of getting a loan, we will call them income that doesn't involve receiving an employment cheque. They can be government benefits, cash from a will that arrives in fixed monthly payments, a structured settlement from a lawsuit, or receiving payments from a trust fund or will. All of these types of income may qualify you to receive a payday loan. How much you can borrow will depend on how much your benefits pay.

  • No Credit Check Payday Loans

    Many people are interested in getting a payday loan with no credit check. Often the reason for this is they are concerned they will not qualify to receive a loan, because they feel their credit is bad. Be aware that most payday lenders understand that mostly people with bad credit need a payday loan in the first place. Therefore, you will find a high acceptance rate for payday loans. While not guaranteed that anyone would qualify for a loan, it is free to apply, so click the button above to submit your application today.

  • Payday Loans for Bad Credit

    Can you get guaranteed approval bad credit loans? Having bad credit, in and of itself, should not prevent you from getting a loan. There are many factors that are considered by lending companies. Whether you are employed, how much you are paid, whether you have benefits and how much they total are all questions that are looked up on and often considered more important than your credit history.

    In New Zealand (NZ), there are many various government benefits that someone can qualify for that would help them get a payday loan. If you have really bad credit, it may only affect the amount you can borrow instead of completely disqualifying you. You can build up the amounts of money you can qualify to borrow over time if you need to borrow again in the future, by keeping a good payment record and repaying your loan on time.

How to Apply for a NZ Payday Loan

It is free to apply, and it only takes a few moments of your time to submit an application for a guaranteed quick decision. Payday Today has helped thousands of people in your financial situation receive quick loans. Submit your application for a poor credit loan with us today!

Representative example: APR 407.39%. If borrowed $1000 for 62 days, interest $692. Total amount repayable $1692. Interest rates: Maximum nominal APR of $1000: 407.39%. Rates from 278% to 1576% (3 – 12 month repayment)

Warning: Late repayment can cause you serious money problems. For Help and Advice with money trouble, visit http://www.familybudgeting.org.nz