Short Term Loans | Small Loans Up To $10,000 | Apply Online

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“Jacaranda Finance NZ is a lender-finding service. 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 quick loans NZ relate to your unique circumstances.”

In times of financial stress, nobody wants to commit to a long-term loan obligation. When life throws you into the depths of the unexpected, it can take just a few hundred dollars to get by. Help is there when you need it if you join forces with Jacaranda Finance NZ, a lender-finder with a vast network across New Zealand.

We offer a quick, simple online application process is the first step towards applyinng for a lender that can offer short term loans online – no paperwork involved at all. Read on to find out how it works.

At Jacaranda Finance NZ, we find lenders that offer quick cash loans from $300 to $10,000 with repayment terms from 12 to 24 month. Apply with us to skip the long haul search for a lender, then suffering through multiple applications. When you apply with Jacaranda Finance NZ, just submit one application and we’ll connect with you a lender that can say ‘yes’.

Jacaranda Finance NZ Gives Access to the Best Short Term Loans

What’s a short term loan?

A short-term loan is a loan that is usually repaid within a year. The borrowing amount can start at as little as $200 and go up to around $10,000. These loans are suitable for people who are suddenly faced with a big and unavoidable expense, like medical bills or home improvement. Short term loans below $2,000 are typically unsecured, which means the recipient is not borrowing against an asset.

Jacaranda Finance NZ panel of lenders is ready and willing to fund anyone who is eligible. Some applicants have even obtained same day short term loans! Our lenders consider all candidates, even persons with a less than perfect credit score. Individual circumstances are viewed very carefully. You can submit an application regardless of credit history any time you want. We’re 100% online, available every day during business hours via email, and it takes only a few minutes to apply.

A Loan or a Credit Card?

Short term loans are a viable alternative to credit cards and credit lines because they tend to come with fixed loan terms. We find lenders that can offer loans, whether you have bad credit or you receive welfare payments. If you need quick cash, it’s time to apply with Jacaranda Finance NZ.

How to Apply with Jacaranda Finance NZ

Applying with us for quick cash is pretty simple. Just follow these three simple steps and we’ll find you a lender in no time!

Step 1: You apply online

We are 100% online, so submit your application online, from the comfort of your home! It’s that easy. Simply design your proposed loan terms by choosing how much you wish to borrow and for how long. Then, answer a few more questions about income and other relevant info, submit and that’s it! Now, just sit back whilst we do all the legwork. Easy, right?

Step 2: We Get to Work

After you submit your application, we get to work finding you a lender that can assess your application and will do their best to get you the cash you need. If you apply during business hours, we can find you a lender within minutes! So, keep an eye on your phone for an SMS or email.

Step 3: Meet Your Lender

If we find you a lender, we’ll let you know straight away. Then, your new lender should be in touch shortly. They’ll assess your application and will do their best to loan you the quick cash you need.

Very Short Term Loans: Common Concerns

To help enforce responsible lending standards, we advise against applying for a loan – any kind of loan – if you foresee any problems paying back the loan in the future.
Often, loans can be tailored to the recipient’s budget. Repayment terms for loans up to $2,000 are up to 12 months, but they can be extended if necessary. The flexible terms give one the peace of mind knowing that loans can be paid off over a term one has selected. Then, it’s possible to plan in advance and make sure you don’t spiral into debt. And know one wants that!

Lenders typically perform credit checks when assessing a loan application. Assessment procedures can vary, but generally, organizations will check your credit through major credit reporting bureaus or national databases.

When Will I Get My Loan?

Application processing speeds vary depending on the lender and bank. It is possible to a secure same-day loan, but we can’t guarantee this. To be eligible for a short term loan, you need to be over 18, a legal resident or citizen of NZ, and have been earning a regular income for at least 3 months. You must also provide a current, valid phone number and email, a bank statement, and a current bank account in your name.

We need the account for two reasons. First, we pull a transactional statement during the application process, which lenders use to verify income and expenses, saving you the time and hassle of uploading one manually. Second, because your loan will be deposited to it if and when you are approved. As soon as we receive an application, we start looking for lenders across New Zealand.

Loans, Unemployment, and Bad Credit

Can you get a loan if you’re unemployed and/or have bad credit? It is possible in theory, but you will be asked to provide proof of asset ownership and/or some other form of income to repay the loan. This may involve being self-employed, being on welfare payments, or receiving a regular deposit from shares or something similar to your account. Some lenders require additional documents to get a better grasp of your banking history. They will let you know if additional financial documents are needed and by when.

Short Term Loans for Very Bad Credit

If you’re not sure if you’ll qualify for a loan because of your credit score, your best bet is to just apply and let us take a look at what can do. Traditional lenders may not be likely to give people with a bad credit history loans, but you still have options. Just make sure you can prove that you can somehow repay the loan. The best way to do this is by providing proof of employment.

The main thing lenders will take into account when you apply is whether you have the resources to repay your debt. They will conduct a full income and expenditure assessment to ensure you are able to meet the repayment obligations comfortably.

Prove Repayment Ability

Proving repayment ability is not the only requirement to be met. Our lenders might not approve you if you are currently repaying other short term loan contracts. In addition, many lenders do not consider individuals who are currently bankrupt or have previously been bankrupt.

At any rate, nothing should stop you from applying. Applications with Jacaranda Finance NZ are free and fast to fill out. Our lenders’ eligibility requirements vary, but most of them have flexible criteria with respect to applicants with poor credit and unemployed applicants.

Getting a Loan with Government Payments

Some lenders we work with can consider applicants who are currently unemployed but are receiving certain government allowances, such as parenting payments or a pension. It may be possible to use a portion of these as income. Some lenders accept payments such as disability benefits. We’ll check for you and let you know!

Eligibility Requirements for the Unemployed

The criteria vary depending on the provider and the amount you’re looking to borrow. Generally, lenders have set requirements that will apply. We’ve briefly outlined them below.

Assets

You definitely need to provide evidence of asset ownership if you’re applying for a loan over $2,000. You don’t need to own the asset fully. It can be a car, a boat, a caravan, etc. This asset secures the loan. The interest rates on secured loans are lower than those on unsecured ones. This is because of the smaller risk.

Specific Income Level

You don’t need to be employed to get a loan, but earning income of a specific level will improve your prospects. This is a common requirement you’ll find with short term unsecured loans, so if you are unemployed or not conventionally employed, you could still be approved.

Different Forms of Income Accepted

Government payments can be accepted by some lenders as forms of income, but the guidelines surrounding this can differ. Some lenders require that a maximum of 50% of your total income come from such payments, or that you be receiving just one of these types of financial support.

Credit Score

Credit score criteria are just as flexible as employment criteria in the vast majority of cases. Some of our lenders will look beyond a poor credit history and current lack of employment. As with everything, however, this flexibility is not infinite.

Reasons to Apply for a Loan

Whatever your situation, taking a chance can pay off. Some utility providers in NZ offer major discounts to customers who pay their bills on time. You could get up to a quarter of your electric bill off if you pay it by the deadline. It can be quite practical to get a short term loan if your heating or electric bill tends to be high.

Fast, Easy Loans: Lose the Pressure

Now that the fast loan application process is online, it’s become faster than ever. This is a major benefit for Kiwis looking for a short term loan with approval on the same business day. Some of our lenders approve borrowers’ applications in under an hour.

At a time of urgent cash need, the pressure can become unbearable. There’s pressure from the unfortunate or simply unexpected event that you have to deal with, and also the strain it’s put on your resources. A lot of people find they just can’t cope with the prospect of personally applying with lenders.

This is why Jacaranda Finance NZ would be very helpful. We are there for our customers when the stress becomes too much. We will never be critical of you or ask why you need a loan. Neither will our lenders. This is to make sure applications aren’t unfairly prioritized.

Why Borrow?

Setting money aside “for a rainy day” has become more difficult than ever. NZ costs of living have increased, but wages have failed to keep up. The economy of Oceania may be booming, and not only on paper, but not everyone is feeling the positive effects of this. Industrial growth is attracting more and more people to our piece of paradise. More and more people are competing for the same jobs, which is effectively driving wages down.

The rainy day has come, but some of you find the clouds aren’t clearing as fast as expected. Jacaranda Finance NZ can help – contact us now.

Why Choose Jacaranda Finance NZ?

That’s easy. We’re quick and completely hassle-free. Just jump online, complete an application and well, that’s it! We get to work finding you a lender that can offer the short term loan you need. So, why wait? Just scroll up and get started today.

Examples of what loans might cost.

Personal Loans

Loan Amount

Minimum
$300


Maximum
$10,000

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Terms

Minimum
12 Months


Maximum
24 Months

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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.

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