Rating based on 9 reviews

The Lending Room

  • Loans bad credit up to $25,000
  • Bad credit loans
  • Repayment up to 5 years

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Author The Lending Room. Screenshot of The Lending Room website.
[Accessed April 17, 2018]

The Lending Room - Affordable bad credit loans

The Lending Room believes in the personal touch when you call us the first thing we ask you are, what is your name. Building a personal relationship with our clients is very important to us.

We are a loan finding service and it is our job to get you the best deal on bad credit loans that we are able to. By souring the lowest rates and connecting to our network of lenders we will be able to find you exactly what you are after.

One form gives you access to multiple lenders

One application form is all you need; we will apply to the various lenders on your behalf and send you the best options. You can then compare options and choose the one that attracts your interest.

Applying to multiple lenders gives your blacklisted loan application a better chance of being approved. If you had to apply to each lender individually it would be recorded on your credit report and that could affect your credit score. By using our service, your credit report will only show one loan inquiry instead on multiple inquiries.

Giving your application the best chance

After being in the financial industry for many years we have picked up a few tricks. We know exactly what lenders look for in an application form. To give your loan application the best chance of being approved, we will help you present an application that will be approved.

If we see any red flag or reasons why your application could be declined, we will assist you in rectify the problem before you apply. If your online loan application is declined, we will be able to assist you with other financial solution, perhaps in the form of a secured loan.

The Lending Room is there for you whenever you need some financial assistance and we welcome repeat clients with open arms and a faster approval time.

The Lending Room Services

We offer a number of personal loan options including secured and unsecured personal loans and bad credit personal loans.

The Lending Room is there for you whenever you need some financial assistance and we welcome repeat clients with open arms and a faster approval time.

Loan options

  • A secured personal loan has better rates and longer terms. You will need to use your fully paid vehicle or property as security against the loan. If you don’t pay the loan you will lose your collateral.
  • Unsecured loans are offered to clients that show the ability to make loan repayments based on their current financial situation.
  • Bad credit loans were specifically designed to help those clients with bad credit to obtain a loan.

Needed requirements when applying

Each person is different. We have all been through different circumstances and have faced different challenges.

It would be very unfair to subject each person to the same criteria. At the Lending Room, we review each application based on its own merits.

There are no fixed criteria that you are judged against. Instead, we look at the bigger picture. We take into account your current employment, your expenses and your repayment history.

The loan we offer you is then customized to suit your requirements and make repaying the loan simple and stress-free.

Supporting documents to provide

To apply for a payday loan you will need to supply a copy of your photo ID, driver’s license or passport. If you don’t have a form of ID we can verify your identity through your bank statements.

The Lending Room – Bad credit loan

  • Loan Type Loans bad credit
  • Loan Amount up to $25,000
  • Repayment 6 months to 5 years

Benefits of The Lending Room

  • Loans are affordable
  • Flexible repayment options
  • Fast and simple online application

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.

The Lending Room - Flexible bad credit loans

If you have a bad credit score you can still apply for a bad credit loan. Bad credit loans usually require you to provide some sort of security as insurance in case you don’t pay back the loan. Depending on how bad your credit history is you may need to provide collateral or sign with a co- borrower.

Signing with a co-borrower/guarantor

If your loan application is declined, there is still one more option available which is to get someone to act as a guarantor against the loan. A family member, friend or person that you trust can apply for the loan with you. The loan has more chance of being approved if the person has a good credit score.

When you apply for the instant cash loan together, you must remember this will mean that the guarantor will be accountable if you do not make payments on the loan. This could negatively affect their credit score so be sure to make the payments on time and be responsible.

Debt consolidation

The reason most people end up with a bad credit history is from missing payments on accounts or not settling bills on time.

Juggling tons of bills and not having enough money to pay them all is very stressful and can cause your credit score to suffer and this we make it more difficult to obtain credit in the future.

Debt consolidation loan options

Save money by letting us pay off your debt with one of our debt consolidation loans. We will get a settlement on each account and pay off your debt on your behalf.

The Lending Room will pay off your debt and then arrange a very easy to manage repayment schedule that will allow you to pay them back according to your individual requirements and pay frequency.

Customer Reviews & Testimonials

One single application gives you access to a whole array of lenders. The Lending Room will sift through all the available lenders and choose the most likely lenders to accept your application. Yo...

Eric D
— Christchurch —

Thanks to the bad credit loan that I got from The Lending Room, I was able to fix my vehicle. I do not know what I would have done without their help. I recommend them to anyone who finds themsel...

Hailey M
— Auckland —

Bad credit does not have to be a hurdle forever. I was able to get a loan through The Lending Room with the assistance of a guarantor. This gave me access to better rates and higher borrowing amo...

Garth P
— Dunedin —

The Lending Room Contact

Physical Address

Postal Address

  • PO Box 90339, Victoria Street West, Auckland, 1142, New Zealand

Opening Hours

  • Monday 08:30 – 17:30
  • Tuesday 08:30 – 17:30
  • Wednesday 08:30 – 17:30
  • Thursday 08:30 – 17:30
  • Friday 08:30 – 17:30
  • Saturday – Closed
  • Sunday – Closed