Loans Bad Credit

Find out how to quickly and easily obtain a loan from a reliable bad credit lender in New Zealand.

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Bad Credit Loans NZ – Access to credit, without the red-tape

If you’ve missed payments on credit agreements or bills and as a result you have accumulated a bad credit history; chances are you will not qualify for a traditional loan.

Even with a bad credit record, you can still get a loan from a reliable lender.

Frequently Asked Questions

NO savings, BAD credit? – NO worries

Most residents in New Zealand would love to have a savings account for when they have an emergency and they need cash in a hurry.

Unfortunately for many people having any form of savings account is out of the question and the money that they have has to be stretched to pay for bills and to pay for day to day expenses.

If you have existing debt or you owe multiple creditors money and you are struggling to make the payments on your bills on time this could negatively impact your credit score and make it much more difficult to apply for a loan in the future.

What is a Bad credit loan?

Bad credit loans were designed especially for those clients that are struggling financially and have had their application declined at traditional banks. Bad credit loans may have stricter terms because they are already seen as a higher risk to lend money too and clients may not have any other options when it comes to borrowing money.

The lender will charge you a higher interest rate depending on how bad your credit score is and what payments you have defaulted against in the past.

Your credit report is a record of your financial history and includes payments on accounts or payments that are still outstanding. If you have a bad credit score you will be charged a much higher interest rate than a client that has a good credit score.

Different types of Bad credit loans

The two main types of bad credit loans that you can apply for include secured and unsecured loans.

Unsecured bad credit loans

An unsecured loan means that you will be charged a higher interest rate than on a regular personal loan and you will have access to less funding. You can apply for an unsecured bad credit loan online without needing to provide any type of collateral against the loan.

Once your loan application has been approved, you will need to sign a contract that holds you responsible to repay the loan. Most bad credit loans require you to set up a direct debit that will run automatically each pay cycle. This gives the lender peace of mind that you are less likely to miss a loan repayment.

If you don’t make payments on your loan you may be charged late fees and other extra charges

Secured bad credit loans

Applying for a secured bad credit loan allows you access to more money at a much more favourable interest rate. In order to apply, you will need to provide an item of collateral that is of greater value than the loan amount.

The collateral can be anything of value that you own including your property, an expensive item of jewellery or even your vehicle provided it is fully paid off. The collateral is used to secure your quick cash loan.

If you don’t make regular payments or if you default on your loan you may be at risk of having your collateral seized in order to cover the loan payments, this makes this option very risky if you are already having trouble managing your money.

What is a Payday loan?

Another option for those with bad credit is a payday loan although you aren’t putting up any form of collateral your loan is still secured by your paycheck. The loan amount will be debited directly from your account on your next payday.

There are many different lenders that offer online loans but you need to make sure you understand all the terms and conditions involved when it comes to your loan contract.

When you are desperate for money and you don’t feel like you have many other options you may end up agreeing to terms that will affect your financial future for years to come and put you in a worse position than you were previously.

Know your credit score

It is very important to request a copy of your credit report before applying for a loan. You need to make sure that all the information listed on your credit report is correct. If there are any incorrect entries you will need to have them rectified before you apply for a loan.

Why is my Credit score important?

Your credit score will determine how much you will be charged and how strict the terms of the loan will be. Some bad credit loans allow you to use an item of collateral as security.

These loan types don’t usually worry too much about your credit score as your loan is secured and if you don’t pay they will sell your collateral in order to get the money that you owe them.

If you apply for a bad credit or payday loan and you stick to the loan terms this will have a positive impact on your credit score.

Benefits of Bad credit loans

  • You can use them to improve your credit score if you make payments on time
  • This can help you become a lower risk client and qualify for better terms in the future
  • It is easy to apply online and you will receive an outcome quickly
  • You won’t be charged an application fee to apply

Debt solutions when you need a helping hand

A bad credit loan is ideal if you really need money for an emergency in New Zealand because you can obtain it quickly through an online loan application. If you need the money you will probably agree to any terms just so that you can see the light at the end of the tunnel.

Lenders realize that you might be desperate so it is important to shop around and consider all your options carefully before signing anything. The most lender now days offer bad credit loans and with so many lenders to choose from, finding the loan you need is becoming more difficult.

Check that the lender you use is a registered credit provider and make sure that they follow all the rules and regulations set out by the New Zealand government. A bad credit loan can seem like a quick fix to your financial problems but you should consider all your long and short-term loan options and only apply if you are sure you will be able to pay back the loan.

If you are can’t pay back the loan you will only end up pushing yourself further into worse debt.

Bad credit loan calculator

The interest rate of a loan will vary based on your credit score and risk profile.
This loan calculator is for illustration purposes only.
The use of this quick loans calculator is subject to our terms of use.

List of direct lenders offering Loans bad credit

  1. The Active Finance Bad credit loan

    The Active Fina...

    • Loans up to $100,000
    • Term up to 60 months
    • Interest from 14.95%
  2. Max Loans Bad credit loan

    Max Loans

    • Loans up to $50,000
    • Term up to 7 years
    • Interest from 6.99%
  3. Save My Bacon Bad credit loan

    Save My Bacon

    • Loans up to $5,000
    • Term up to 52 weeks
    • Interest up to 49.95%
  4. BNZ Bad credit loan


    • Loans up to $30,000
    • Term up to 5 years
    • Interest from 12.65%
  5. Blue Sky Finance Bad credit loan

    Blue Sky Financ...

    • Loans up to $100,000
    • Term up to 5 years
    • Interest from 7.95%
  6. 121 Finance Bad credit loan

    121 Finance

    • Loans up to $10,000
    • Term up to 1 year
    • Interest from 14.99%
  7. My Loan Solution																	 Bad credit loan

    My Loan Solutio...

    • Loans up to $5,000
    • Term up to 12 months
    • Fixed interest rate
  8. Crester Credit Bad credit loan

    Crester Credit

    • Loans up to $15,000
    • Term up to 3 years
    • Interest from 13.95%
  9. SMART CASH Bad credit loan


    • Loans up to $500
    • Term up to 31 days
    • Interest up to 49%
  10. Admiral Finance Bad credit loan

    Admiral Finance

    • Loans up to $50,000
    • Term up to 5 years
    • Interest from 13.95%
  11. Simply Loans Bad credit loan

    Simply Loans

    • Loans up to $200,000
    • Term up to 48 months
    • Interest from 9.95%
  12. Lifestyle Finance Bad credit loan

    Lifestyle Finan...

    • Loans up to $20,000
    • Term up to 15 months
    • Interest from 3.9%
  13. Asset Finance Bad credit loan

    Asset Finance

    • Loans up to $50,000
    • Term up to 5 years
    • Interest from 9.95%
  14. Pioneer Finance Bad credit loan

    Pioneer Finance

    • Loans up to $100,000
    • Term up to 7 years
    • Interest from 11.95%
  15. The Lending Room Bad credit loan

    The Lending Roo...

    • Loans up to $25,000
    • Term up to 5 years
    • Bad credit loans
  16. Rapid Loans Bad credit loan

    Rapid Loans

    • Loans up to $10,000
    • Term up to 48 months
    • Interest from 39%
  17. Yes Finance Bad credit loan

    Yes Finance

    • Loans up to $25,000
    • Term up to 48 months
    • Interest from 14.9%
  18. Moneyshop Bad credit loan


    • Loans up to $20,000
    • Term up to 2 years
    • Interest from 29.95%
  19. Alternate Finance Bad credit loan

    Alternate Finan...

    • Loans up to $15,000
    • Term up to 3 years
    • Interest from 13.95%
  20. NZCU South Bad credit loan

    NZCU South

    • Loans up to $50,000
    • Term up to 36 months
    • Interest from 9.95%
  21. Finance District Bad credit loan

    Finance Distric...

    • Quick funding
    • Online application
    • Affordable loans
  22. Ferratum Bad credit loan


    • Loans up to $1,000
    • Term up to 45 days
    • Interest up to 227%
  23. Chequers Finance Bad credit loan

    Chequers Financ...

    • Loans up to $1,000
    • Term up to 30 days
  24. Just Cash Bad credit loan

    Just Cash

    • Loans up to $3,500
    • Term up to 45 days
    • Interest up to 277%
  25. Simple Cash Bad credit loan

    Simple Cash

    • Loans up to $3,500
    • Term up to 30 days
  26. Handy CASH Bad credit loan
  27. Loan Smart Bad credit loan

    Loan Smart

    • Loans up to $50,000
    • Interest from 13.95%
  28. Plej Bad credit loan
  29. Morgan Finance Bad credit loan

    Morgan Finance

    • Loans up to $50,000
    • Term up to 60 months
    • Interest up to 18%
  30. Teleloans Bad credit loan
  31. Cash Train Bad credit loan
  32. Budget Loans Bad credit loan

    Budget Loans

    • Loans up to $50,000
    • Interest from 19.95%
  33. First Choice Finance Bad credit loan
  34. Pretty Penny Bad credit loan

    Pretty Penny

    • Loans up to $1,000
    • Term up to 8 weeks
    • Interest up to 365%