A payday loan could be a good solution
Repay your loan in full next payday or repay interest only each payday or repay interest and principal each payday.
You could get the cash as soon as today
Overnight or 30 minute Express payment
AIR – Annual Interest Rate
Our AIRs range from 520% to 624%pa or approx 1.42% to 1.70% per day.
Implications of Non-payment
We encourage loans to be repaid in accordance with agreed dates, however in the event of a non-payment (or other default) the following applies:
Fees – A fee of $50 applies to each missed or failed payment, a fee of $10 for each reminder letter & a fee of $10 for each week you remain in default
Default Interest – applies to any overdue amount at 104% per annum
Collection practices – We will promptly contact you regarding any missed payments and we undertake to manage collection of our loans in accordance with legal requirements and industry standards.
Credit Score implications – When/where credit scoring is used in NZ a repaid loan will most often positively influence your credit score. However when a missed payment, failed payment or unpaid loan occurs this is likely to negatively impact on your credit score.
Renewal policy – Renewals are not automatic and are available on loans (other than your first loan) where your past payment history is satisfactory to us and are subject to our discretion. A fee of $20 applies.
Click here for further information on our loans.