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Payday loans new zealand

payday loans new zealand

AIR - Annual Interest Rate

Our AIR is 595% per year or 1.63% per day. Maximum loan term is 60 days


An Administration fee on $30 is charged on every new loan. An optional fee of $10 is charged if you want a 60 minute advance deposited in your bank account.

What happens if you don’t make your repayments on time?

Where a non-payment (or other default) occurs the following applies:

A fee of $10.80 may be charged for each missed payment. As well as this a fee of $9.20 each Direct Debit dishonor will be charged

Accounts 45 days overdue will be referred to a debt collection agency who may charge additional fees to recover the overdue. This is likely to negatively affect

your credit score. Interest is suspended on accounts more than 45 days overdue. There is no penalty default interest.

Collection practices

We undertake to manage collection of our loans in accordance with legal requirements and industry standards and will promptly contact you should you miss a payment date.

Credit Score implications

A repaid loan in accordance with agreed terms should 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 available on accounts where your past payment history is satisfactory to us and are subject to our discretion. Renewals are not automatic. A fee of $30 applies.

Click here for further information on our loans.

Category: Payday loans

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