Apply with Jacaranda Finance New Zealand to find cash loan providers!
A cash loan is a type of personal loan for an amount between $300 and $5,000. A cash loan can be secured or unsecured, and feature a repayment term from 12 months to 24 months. These factors are dependant upon the loan amount.
Life in The Land of the Long White Cloud is pretty great. However, even in this paradise, there are times when things can get tough. Bills can pile up and your bank account might need to take a hit so that you can pay them. That then leaves you in a potentially vulnerable position if you’re hit with another large expense from out of the blue. If you need to bit of short-term help to pay for something that you can’t wait to save up for, why not consider a cash loan?
For those who need a financial leg up, a cash loan could be what you’re after. We’ll take you through some of the doors that a cash loan could open for you, and how Jacaranda Finance New Zealand can help you get started on your cash loan journey.
What is a cash loan?
A cash loan isn’t packed with the kind of upfront, hard to understand financial lingo you might expect. A cash loan is exactly what it says: a finance option that can grant you the funds you need.
If your bank balance has seen better days but you need cash on short notice, it can be difficult to know what to do. You might not have the luxury of being able to save up over time. You’ve got enough money coming in to repay the funds in future, but it’s just not something that can wait until payday. In a situation like this, a cash loan might be right up your alley.
A cash loan can be ideal for those who aren’t sure where to source the funds they need. Asking friends or family for money might be a bit awkward, to say the least. And, if you’re in need of a sizeable amount, it might not even be a viable option. The “traditional” method of obtaining extra funds is usually to go to a bank or mainstream lender. However, the bureaucracy, potentially long wait times and requirements involved might turn many people away. That’s where a cash loan could help!
There are numerous online lenders offering cash advance loans. Because you don’t have to go into a branch or fill out pages of paperwork, it makes the process a whole lot quicker than that of traditional lenders. Online lenders also tend to be a bit more lenient when it comes to their requirements, meaning that more Kiwis can apply. If you’re looking for a cash loan, there could be an online lender out there for you!
What can a cash loan do for me?
As if their fund-giving abilities weren’t enough, cash advance loans have another key advantage: they’re versatile! A cash loan can be used for a variety of expenses. They’re equally useful for covering an unexpected bill or covering some travel costs. Let’s go through some hypothetical situations where a cash loan could come in handy.
So, you’ve been working hard recently, and you decide to reward yourself by organising a little trip away. You want to stay in this great country of ours, so you plan a road trip for yourself and a couple of friends. You’ve got everything sorted, and you’re ready to rock and roll. Then, the day before you’re going to set off, your car breaks down. Could this have happened at a worse time? It’s not going to be cheap to fix, so you think that you’ll have to sacrifice your hard-earned trip to pay for the repair.
That’s not the case! A cash loan could help pay for that car repair, allowing your road trip to go ahead as planned!
How about a more domestic issue? If you’ve got a family, a variety of expenses can crop up out of nowhere at any time. Say you’ve paid your bills for the month, and school fees as well. Your bank balance is depleted, but you’re feeling good because you’re on top of things. Then, one of your kids has a fall while playing and needs a trip to the dentist. It’s as if the universe sensed that you were low on cash!
Well, not to worry, because a cash loan could cover that cost as well. A cash loan can help with the little challenges that life likes to throw at us from time to time.
Can Jacaranda Finance New Zealand help me get a cash loan?
At Jacaranda Finance New Zealand, we provide a lender-finding service. So, if you apply with us, you could be taking your first step towards getting a cash loan!
Just like the easy to follow terminology of cash loans online, there’s nothing to hide in regards to our lender-finding service. If you’re in need of a lender, you can apply with us and we’ll do our best to find one for you.
You might have already had a look around at the online lending market by yourself before finding Jacaranda Finance New Zealand. If you found it a bit confusing, you’re not alone. There’s no doubt that online lenders have allowed many people to access quick loans who might not have been able to do so through traditional channels. However, it can still be difficult for those who aren’t familiar with all the terminology to navigate their way through the numerous online lenders that are out there.
That’s where Jacaranda Finance New Zealand comes in.
With our lender-finding service, you don’t have to traverse the online lending market on your own. That’s right, you can delete that search for “cash loans near me”.
We can save you time submitting application after application and scrolling through countless websites. When you use our lender-finding service, all you have to do is submit one easy application. We then take over the process of searching for and finding lenders so that you don’t have to worry. We could put you in contact with a lender in no time at all!
How do I apply with Jacaranda Finance New Zealand?
Part of what makes our service so great is that there’s no hassle involved with applying. We don’t expect you to have an immaculate financial history, and neither do our partner lenders. It’s a pretty simple process to apply, so we’ll take you through the couple of steps that could be your first on the road to getting a cash loan.
1. Check if you qualify
Our aim is to find lenders for as many Kiwis as we can. We want to make sure that we have the information we need to best conduct our search for cash loan providers. So, before you apply, there are some requirements that you’ll need to meet. There’s no jumping through hoops involved; just a few boxes to tick off before you can start your application.
- Be a New Zealand citizen or permanent resident
- Be 18 years of age or above
- Have received a regular income into a personal bank account for at least the last 90 days prior
- Have a direct contact number and email address
Those are the only requirements you need to meet before you can apply with our lender-finding service. If you scroll up to the top of any page on our website, you’ll see our cash loan calculator. By adjusting the slider to your desired loan amount, you can see what your repayments would look like if they were made weekly, fortnightly, or monthly. These amounts are just examples, so keep in mind that your loan terms might not look like this. When you’re ready to take the next step, click the Apply Now button.
2. Filling out an application
Applying shouldn’t have to be an uphill battle, and with Jacaranda Finance New Zealand, it isn’t! You can fill out an application form in just a few minutes. And because we’re 100% online, you can do it wherever and whenever is most convenient for you.
That’s it! Simply submit your application and your work is done. Let us try to find a lender for you!
Can I get cash loans for bad credit?
Despite the impression that you might have gotten from traditional lenders, accessing cash loans for bad credit is possible. Let us explain.
For those whose credit scores have seen better days, obtaining a cash loan from a traditional lender can be an uphill battle. These lenders tend to use your credit score as a way to judge how likely you are to make your repayments on your loan. If your credit score is too low, then they might deem you to be too much of a risk and outright refuse to lend to you. If you’re in need of cash fast, getting a rejection just because of your credit score is the last thing you need.
The fact is, your credit score doesn’t necessarily tell the full story of your finances. A low credit score is most often caused by defaulting on payments or even just making them late. Some negative credit information can stay on your report and affect your credit score for up to seven years! Even if your finances are stable enough now to afford a loan, you might still be feeling the effects of unfortunate happenings from years ago.
At Jacaranda Finance New Zealand, we believe that a bad credit score doesn’t define you. That’s why we can find lenders offering quick cash loans for bad credit! There are lots of online lenders who agree with us. If you’re looking for cash loans for bad credit, apply with us and we’ll do our best to find a lender that can help!
What about if I’m receiving welfare payments?
Yes, we can also find lenders for those receiving Government benefits. As long as the payments you are receiving are consistent and reliable, and you meet the application requirements, you can apply with us!
Do you conduct credit checks?
No. Our process for finding lenders does not include conducting a credit check. That being said, there are some lenders that we deal with that do perform credit checks.
In the case of some of our partner lenders, a credit check is part of the assessment process for cash loan applicants. However, don’t be discouraged if you have a low credit score. In the case of these particular lenders, reviewing your credit history is simply one facet of their assessment process. What all the lenders we deal with tend to focus more on is your current ability to afford a loan.
This is why you must have been receiving a consistent income into your bank account for the past 90 days in order to apply with us. Many lenders use this information as part of their assessment. Regardless of if we find a lender for you that conducts credit checks, you won’t be rejected just for having a low credit score.
It’s always a good idea to be aware of what your credit score is currently. Do you know what your credit score is? If not, you can head to the New Zealand Government website for more information on how to check for yourself.
What are the costs involved with a cash loan?
As a lender-finding service, we don’t control the exact costs of cash advance loans. These are dependant upon your lender, should we find one for you. However, we can give you an idea of the types of costs involved.
Small Cash Loan
- Loan Amount: Minimum – $300; Maximum – $2,000.
- Repayment Period Terms: Up to 12 Months.
- Costs: Establishment Fee up to 20% of Loan Amount (Charged after signing the loan contract), plus Monthly Fee up to 4%.
Medium Secured Cash Loan
- Loan Amount: Minimum – $2,001; Maximum – $4,600.
- Repayment Period Terms: Minimum – 13 Months; Maximum – 24 Months.
- Costs: $400 Establishment Fee; Annual Percentage Rate (APR) is 48%; Comparison Rate is 67.41% P.A.
- Secured: Must include a vehicle (car, motorbike, boat or caravan) as security.
Large Secured Cash Loan
- Loan Amount: Minimum – $5,000; Maximum – $5,000.
- Repayment Period Terms: Minimum – 13 Months; Maximum – 24 Months.
- Costs: Annual Percentage Rate (APR) is 21.24%; Maximum Comparison Rate is 48% P.A.
- Secured: Must include a vehicle (car, motorbike, boat or caravan) as security.
As always, the exact fees and terms involved with a loan will depend on the lender and loan amount. If we find a lender for you and they approve your application, make sure that you thoroughly read your loan contract before signing. This will detail all the costs that are involved. If you believe there is a mistake in your loan contract or have any questions regarding the details, get in touch with your lender prior to signing and returning the document.
Jacaranda Finance New Zealand can be your one-stop lender-finding shop!
Does Jacaranda Finance New Zealand sound like what you’ve been looking for? If so, then don’t waste time! A quick application could be all that stands between you and finding a lender
If you want more information about us and what we do, you’ve come to the right place. We recommend that you take a look at our how it works page, costs breakdown and FAQ section. For any questions that need special attention, you can contact us.
At Jacaranda Finance New Zealand, we’re all about finding lenders for clients. Apply today and let’s see if we can do just that for you!
Examples of what loans might cost.
Small Personal Loan
Up to 20% Establishment Fee
+ monthly fee up to 4%
Jacaranda Finance does not charge an annual interest rate on SACC loans. These small amount loans incur 'fees' instead of interest. The maximum comparison rate on our loans between $300 and $2000 is 199.43%.WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate
Loan Amount of $1,000 over 6 months repayable weekly (25 weekly repayments). $1,000 (Principal Amount) + $200 (20% Establishment Fee) + $240 (fees based on 4% per month over 25 weeks) = $1,440 total repayable in 25 weekly installments of $57.60.
Loan Amount of $1,000 over 12 months repayable weekly (50 weekly repayments). $1,000 (Principal Amount) + $200 (20% Establishment Fee) + $480 (fees based on 4% per month over 50 weeks) = $1,680 total repayable in 50 weekly installments of $33.60.
Medium Personal Loan
Annual Percentage Rate (APR) is 48%
Comparison Rate is 67.41% per annum.
This comparison rate is based on a medium amount credit contract of $2,500 repaid over 2 years with a $400 establishment fee and APR of 48%.WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate
Loan Amount of $3,000 over 18 months repayable weekly (78 weekly repayments). $3,000 (Principle Amount) + $400 (Establishment Fee) + $1,379.06 (reducing interest*) = $4,779.06 total repayable over 18 months with weekly installments of $61.27.
Loan Amount of $4,500 over 24 months repayable weekly (104 weekly repayments). $4,500 (Principle Amount) + $400 (Establishment Fee) + $2,732.56 (reducing interest*) = $7,632.56 total repayable over 24 months with weekly installments of $73.39.
Large Personal Loan
Annual Percentage Rate (APR) is 21.24%
Comparison rate is 48% per annum.
Loan Amount of $5,000 over 18 months repayable weekly (78 weekly repayments). $5,000 (Principle Amount) + $2,027.80 (Interest) = $7,027.80 total repayable over 18 months with weekly installments of $90.10.
Loan Amount of $10,000 over 24 months repayable weekly (104 weekly repayments). $10,000 (Principle Amount) + $5,577.12 (Interest) = $15,577.12 total repayable over 24 months with weekly installments of $149.78.