Jacaranda’s Got The Low-Down On Cheap Personal Loans!

Chevron

People who need funds for a necessary purchase may not have time to save up for it. They rarely want to pay credit card interest, so a loan from a lender might be the only option. However, traditional lenders like banks and credit unions do not typically offer cheap personal loans. This can be discouraging, especially because personal loans can come with lower rates in comparison to credit cards. They also involve fixed repayment terms, making it easier for recipients to track how they’re travelling.

That’s where we come in. Jacaranda Finance NZ is a lender finder that can help you find reputable Kiwi lenders ready to give you a fair go at finance. In this article, we’ll walk you through what you need to know about loans, be they cheap unsecured loans, cheap small loans, or cheap cash loans.

Cheap Loans New Zealand: All About Small Loans

Small loan providers operate in the AFS (Alternative Financial Services) market. In NZ, they compete within this cutthroat niche by offering products with uniquely attractive features. Demand from consumers from all walks of life has increased rapidly as a result.

The most attractive of these products are cheap personal loans online. The best cheap and easy loans involve only minimal emotional or psychological pressure on the recipient compared to other loan types. Cheap interest personal loans minimize the borrower’s need to take on long-term financing options such as credit cards. Professional lenders like the ones Jacarand works with, provide relatively simple and comprehensible repayment terms developed in consideration of the client’s income level.

Still, finding the right personal loan can be tricky. When applying for a personal loan, there are certain factors that can make it more expensive. Here’s a brief overview of them and some tips you should consider.

1. The Best Cheap Loans Might Not Be the First Ones Offered to You

It is important to compare and shop around before deciding whether a loan is really worth it and know that readily available credit sources might not be giving you the best deal. If I were to look for cheap loans near me, I would check to see if they met my requirements and if I could afford the weekly repayments. If you’re not happy with what a lender is offering, look elsewhere. It’s that simple.

As important as interest is, comparing loans is about more than looking for the lowest rate. Cheap interest personal loans are a good thing, but some come with prepayment penalties. As loan specialists, we suggest doing a search for the company’s reviews to see what other borrowers have to say.

2. Even Cheap Small Loans Require Budgeting!

Anyone who has debt should budget effectively, even if it is small and on convenient terms. In fact, everyone should budget, period. Some people are born with great budgeting skills. Others develop them with time. Still, others, the vast majority of whom have struggled with debt at least once in their lives, have yet to master these skills.

Budgeting can be broken down into three different categories:

  • Expenses
  • Debt
  • Savings

They’re actually can be pretty easy to master – your income should exceed your expenditures. Make a list of your income and expenses that are as exhaustive as possible and you’ll gain amazing insight into your spending habits. See if there’s something you could do without. Also, see if there is a source of income you haven’t tapped. This approach will serve to reduce expenses and increase income.

3. Avoid Defaulting

This one may seem obvious, but you’d be surprised at the frequency of defaults. Defaulting on loans, even cheap cash loans whether it’s an unsecured cheap cash loan or secured cheap cash loan, can be costly. It is common for lenders to impose late-payment penalties when a payment is dishonoured or skipped, this is usually in the form of a fee. If this happens often enough, cheap loans may soon become costly.

If you’re unsure how to cope with debt and/or are having trouble repaying it, a credit counselling organization could prove very helpful. Credit Counsellors Australia is among the most reputable organizations in this sector.

What does Jacaranda Finance offer?

Looking for cheap personal loans can be stressful. There are so many lenders out there it’s hard to know who to trust. Fortunately, Jacaranda Finance NZ can do the leg work for you. Essentially, we work with hundreds of reputable New Zealand lenders who can offer you cheap personal loans. Just one application with us and we can help you find the extra cash you need for all kinds of expenses, like car repairs or medical fees.

Personal Loans from Reputable Lenders

It is important to highlight that Jacaranda does not claim to provide cheap personal loans. We could, however, find you a New Zealand lender who can. The best part is, Jacaranda is 100% online. That means you can apply anywhere or anytime you like – even from your smartphone!

You cannot reasonably be expected to take your time when you’re in urgent financial need. Insufficient cash is obviously the main one, but there can be a number of others, existing separately or in addition to it: overdue bills, urgent car repairs to keep your wheels on the road, medical bills, or unavoidable home improvement costs.

We will assess your application for online loans in NZ and look for the right lender to match your needs. You can skip the bank or local credit union, where the process will likely take longer and stop searching yourself online.

Jacaranda prides itself on its history of professional services and impeccable lending behaviour. The quality of our services is stellar, with a fast application process, minimum response times, and a convenient platform.

Nothing To Lose!

Apply with Jacaranda Finance NZ now – the applications are free, and our outcomes are quick. Plus, we partner with lenders who look at more than just your credit score. In fact, your credit history may even play a relatively minor role in their loan assessments.

Either way, when you apply through Jacaranda you can receive an outcome in as little as a few minutes! Our application is 100% online so you don’t need to travel anywhere to apply. The whole application process can transpire at any location with Internet access.

Hundreds of Lenders in One Go

We partner with dozens of reputable lenders across the country. So, instead of spending hours searching for the right loan, let us do the hard work! Just one application with us puts your request in front of hundreds of New Zealand lenders. We do the leg work so you have the best chance at finding the best loan solution to suit your needs.

A Convenient Solution When You Need A Loan

When you’re in need of cash quickly, you don’t need to wait days. When you apply with Jacaranda Finance we’ll look for lenders ready to give you a fast, fair go, whether you have bad credit or receive government benefits. There are just a few basic requirements that you must comply with.

Am I Eligible to Apply?

We accept applications from all adult applicants who are residents of New Zealand. You must also provide a current phone number and email, a current bank account in your name, and bank statements to verify you have been receiving income for at least the last three months.

How to Apply

After you fill out and submit the short application form, Jacaranda Finance NZ proceeds with the assessment. Our ultimate goal is to establish whether one of our lender partners can offer you the loan you need. To help achieve this as soon as possible, we use state-of-the-art, 100% secure banking and data protection technologies.

If you are approved and you’re happy with our proposed lender, we’ll pass you on to them to finalise the details of your loan. Then, before you know it, you’ll have cash in your account!

How Much Will it Cost?

Our lender partners charge reasonable rates and hide nothing. Some loan types may have other payable fees and charges. If you do miss a repayment on your loan, there may be additional fees that apply. To find out more about fees and charges for loans, speak to your chosen lender directly. We have no control over their procedures and can only provide an estimation of what your loan may be on our Costs page.

Personal Loans Online – The Right Answer for You?

Statistics show that most Kiwis will borrow money at some point in their lives. These days, it’s easier than ever to obtain quick loans in New Zealand. The choices we make about how much and when to borrow can help us make ends meet or end up breaking the bank. Before you accept a loan, it’s important to make a sound judgment about whether you really need it. Most importantly, you need to be sure you can repay it.

We’re here to answer any questions you may have. Please contact our dedicated team of customer service operators by phone or email during normal business hours.

​Jacaranda Finance NZ is a lender-finder. We do not offer financial advice. Consider seeking independent legal, financial, taxation or other advice to check how the information and ideas presented on this website about personal loans relate to your unique circumstances.

Examples of what loans might cost.

Personal Loans

Loan Amount

Minimum
$300


Maximum
$10,000

Icon of hand with dollar symbol in it

Terms

Minimum
12 Months


Maximum
24 Months

Calender Icon

Example

Interest Rate between 1.5% and 20% per month.

$2,500 repaid over 13 months would have 56 weekly repayments of $75.05. Total interest $1702.80. Total amount repayable $4,202.80. This example is based on a monthly interest rate of 9% and an AIR of 108%. WARNING: This is a repayment estimate only. Your lender will determine the exact fees, terms and loan amounts available for you, which may alter your repayments. Annualised Interest Rates (AIR) could be as high as 620.5% depending on your personal situation.

Note, your lender may offer you different terms, fees or loan amounts based on your individual circumstances, needs and their own lending criteria. Please check your contract before signing.

Invoice Icon