Short-term Loans NZ

Get a flexible short-term loan from a leading lender in New Zealand.

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Short-term loans that meet your needs – Bad credit, no problem

Short-term loans are one of the niftiest financial products we provide. They offer small–to–medium loan amounts, as well as quick online approval with minimal to no-credit checks.

Get your ideal loan from a lender you know you can trust right.

Frequently Asked Questions

What is a Short-term loan?

A short-term loan is a loan that needs to be paid back over a short period of time, usually in less than a year.

A short-term loan in New Zealand is the perfect temporary solution for financial problems and can be obtained fairly quickly through an online loan application.

You get different types of short-term loans for both personal and business use. As you need to repay the short-term loan relatively quickly the amount of money that you can borrow is usually less than is offered on a personal loan.

To apply for a short-term loan is very easy and the loan conditions are usually a lot less strict than a personal loan agreement. The cash can also be paid into your account very quickly, usually on the same day or the next day.

What is a Short-term loan used for?

A short-term loan is a perfect solution to fix temporary financial problems and pay for outstanding bills. Pay for doctor’s bills and medical expenses or help you out when you need some extra cash.

There aren’t many restrictions associated with a short-term loan and as long as you meet the basic requirements your loan application should be approved.

Instant loans and payday loans are types of short-term loans. A payday loan needs to be repaid by your next payday while other types may give you a few months to repay the loan. Short-term loans need to be repaid in under a year. A short-term loan can be secured or unsecured but is usually unsecured as the amount you can borrow is less.

Benefits of Applying for a Short-term loan

Short-term loans usually have a more competitive interest rate and are very convenient and easy to apply for. This type of loan gets you the money that you need without locking you into a long-term contract that traps you in a debt cycle that is very difficult to escape from.

Most banks offer short-term loans, however, the best place to find a short-term loan is online. There are very many online lenders that offer short-term or payday loans and you can apply from any device that has an internet connection.

There is no need to speak to a loan provider in person and there is no paperwork. In a few short clicks, your money will be making its way to you. If you need to supply any documentation you can simply upload it to the website site.

What is the difference between a Short-term loan & a Payday loan?

A payday loan offers a small amount of money and has to be repaid by your next payday in your pay cycle. Payday loans are debited automatically from your account. This makes payday loans less risky for lenders because your loan is secured by your next paycheque.

A short-term loan offers a larger amount and you have longer to repay your loan usually between 3 to 12 months. Both types of quick cash loans are more expensive than a personal loan. They are also less flexible than personal loans.

Why you should consider a Short-term loan?

Short-term loans allow you to borrow between $200 and up to as much as $20,000 perfect for small expenses and paying bills. If you have good credit you can get very low interest rates. Those that have bad credit may still apply for what is known as a bad credit loan, but the interest rate that you are charged will depend on your risk profile so you might not qualify for some of the best-advertised deals.

Short-term loans are easy to obtain and only need to be repaid over 3 to 12 months, so you won’t have to be in debt for a very long period of time and these loans have same day payouts. Some disadvantages of short-term loans include paying a higher interest rate and you will only be able to borrow a small amount of money.

If you have bad credit you will be penalised by having to pay a much higher interest rate. If you miss payments or default on payments the penalty fees and charges are very high and your loan could end up costing you a lot of money. You could also try to apply for a peer-to-peer loan from a P2P lender as many of them offer short term loans online and some are wiling to take on.

What do I need to Apply for a Short-term loan?

  • You need to be at least 18 years old
  • A citizen of New Zealand
  • A full-time job and a stable income
  • Proof that you can afford the loan payments
  • Provide a photo ID
  • 2 of your most recent payslips or a copy of your bank statement
  • An active account in your name that your salary is paid into each month

Short-term loans are perfect for those that have bad credit or that have their loan applications rejected from traditional banks, although the fees will be higher short-term loan providers are more likely to approve your online loan application as long as you can prove that you have a stable income and the ability to make loan repayments.

Compare loan providers

The best way to find the most suitable loan solution is to compare different lenders and their offers. The reason you are applying will also make a difference. Use a loan comparison website to compare deals side by side and find the one that best suits your options.

Applying for a short-term loan will not damage your credit score as the lender only takes a look at your credit history in order to determine your affordability.

The difference between Short-term loans & Long-term loans explained

The main difference between these two types of loans is the amount of time that you have in order to repay the loan. Long-term loans allow you to borrow a larger amount of money over a much longer period of time, usually a number of years.

If you need a large amount of money and you need longer to repay the loan than a long-term loan could be a better option for your requirements. You should only apply for as much money as you need to repay your debt the smaller the loan amount and the shorter period you are in debt for the better.

Make sure that you apply for such online loans in a responsible manner so that you don’t make your debt even worse.

Short-term loan calculator

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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 Short-term loans

  1. MyFinance Short-term loan

    MyFinance

    • Loans up to $50,000
    • Term up to 60 months
    • Interest from 13.95%
  2. BNZ Bank Short-term loan

    BNZ Bank

    • Loans up to $30,000
    • Term up to 5 years
    • Interest from 12.65%
  3. Cash Converters Short-term loan

    Cash Converters

    • Loans up to $3,000
    • Term up to 12 months
    • Interest up to 49.95%
  4. Advantage Finance Short-term loan

    Advantage Finan...

    • Loans up to $1,000,000
    • Term up to 6 years
    • Interest from 9.75%
  5. CantWait.com Short-term loan

    CantWait.com

    • Loans up to $2,000
    • Term up to 70 days
    • Interest up to 49.95%
  6. Rapid Loans Short-term loan

    Rapid Loans

    • Loans up to $10,000
    • Term up to 4 years
    • Interest up to 47.75%
  7. SaveMyBacon Short-term loan

    SaveMyBacon

    • Loans up to $5,000
    • Term up to 12 months
    • Interest up to 49.95%
  8. Blue Sky Finance Short-term loan

    Blue Sky Financ...

    • Loans up to $1,000,000
    • Term up to 60 months
    • Interest from 9.95%
  9. SMARTCASH NZ Short-term loan

    SMARTCASH NZ

    • Loans up to $500
    • Term up to 30 days
    • Interest up to 361.35%
  10. Westpac Short-term loan

    Westpac

    • Loans up to $50,000
    • Term up to 5 years
    • Interest up to 10.95%
  11. ANZ Bank Short-term loan

    ANZ Bank

    • Loans up to $40,000
    • Term up to 7 years
    • Interest up to 10.95%
  12. Super Loans Short-term loan

    Super Loans

    • Loans up to $500
    • Term up to 28 days
    • Interest from 39%
  13. Quick Cash Finance  Short-term loan

    Quick Cash Fina...

    • Loans up to $5,000
    • Term up to 3 years
    • Interest from 29.99%
  14. The Little Loan Shop Short-term loan

    The Little Loan...

    • Loans up to $600
    • Term up to 42 days
    • Interest from 30%
  15. Seedcash Short-term loan

    Seedcash

    • Loans up to $5,000
    • Term up to 28 weeks
    • Interest up to 438%
  16. The Lending Room Short-term loan

    The Lending Roo...

    • Loans up to $25,000
    • Term up to 5 years
    • Repayment terms are flexible
  17. Loansmart Short-term loan

    Loansmart

    • Loans up to $10,000
    • Term up to 60 months
    • Interest up to 800%
  18. Future Finance Short-term loan

    Future Finance

    • Loans up to $80,000
    • Term up to 5 years
    • Interest from 9.95%
  19. DTR Short-term loan

    DTR

    • Loans up to $20,000
    • Term up to 5 years
    • Interest from 9.95%
  20. Instant Finance Short-term loan

    Instant Finance

    • Loans up to $20,000
    • Term up to 36 months
    • Interest from 19.95%
  21. Cash Relief Short-term loan

    Cash Relief

    • Loans up to $600
    • Term up to 30 days
    • Interest up to 200%
  22. Yes Finance Short-term loan

    Yes Finance

    • Loans up to $25,000
    • Term up to 48 months
    • Interest from 14.9%
  23. Oxford Finance Short-term loan

    Oxford Finance

    • Loans up to $50,000
    • Term up to 60 months
    • Interest from 9.95%
  24. The Money Man Short-term loan

    The Money Man

    • Loans up to $50,000
    • No penalty fees
    • Fast approval
  25. Finance District Short-term loan

    Finance Distric...

    • Bad credit loans are available
    • Loans up to $1,000
    • Unsecured loans are available
  26. Loan Direct Short-term loan

    Loan Direct

    • Loans up to $100,000
    • Term up to 120 months
    • Interest from 8.95%
  27. Finance Now Short-term loan

    Finance Now

    • Loans up to $20,000
    • Term up to 5 years
    • Interest from 12.95%
  28. Chequers Finance Short-term loan

    Chequers Financ...

    • Loans up to $1,000
    • Term up to 30 days
  29. Ferratum Short-term loan

    Ferratum

    • Loans up to $1,000
    • Term up to 45 days
    • Interest up to 227%
  30. 247 Moneybox Short-term loan

    247 Moneybox

    • Loans up to $800
    • Term up to 30 days
    • Interest up to 292%
  31. NZ Loans 2 Go Short-term loan
  32. Finance Loans Short-term loan
  33. The Personal Loan Store Short-term loan
  34. No Credit Check Short-term loan

    No Credit Check

    • Loans up to $20,000
    • Term up to 12 months
    • Interest up to 547.5%
  35. handyCASH Short-term loan
  36. Plej Short-term loan
  37. Cash Train Short-term loan
  38. Teleloans NZ Short-term loan
  39. NZ Credit & Loans  Short-term loan

    NZ Credit & Loa...

    • Loans up to $1,000,000
    • Term up to 5 years
    • Interest from 13.9%
  40. Morgan Finance Short-term loan

    Morgan Finance

    • Loans up to $50,000
    • Term up to 60 months
    • Interest up to 18%
  41. Cash Point Short-term loan
  42. Digital Finance Short-term loan
  43. Loanplus Short-term loan

    Loanplus

    • Loans up to $5,000
    • Term up to 42 days
    • Interest from 29.95%
  44. First Choice Finance Short-term loan

    First Choice Fi...

    • Loans up to $5,000
  45. Cash in a Flash Short-term loan
  46. Cash4u Short-term loan
  47. My New Zealand Payday Short-term loan
  48. Pretty Penny Loans Short-term loan

    Pretty Penny Lo...

    • Loans up to $1,000
    • Term up to 8 weeks
    • Interest up to 365%
  49. Northbridge Finance  Short-term loan

    Northbridge Fin...

    • Loans up to $5,000
    • Term up to 24 months
    • Interest up to 29.95%
  50. Direct Finance Loans Short-term loan
  51. Pay Today  Short-term loan

    Pay Today

    • Loans up to $2,000
    • Term up to 52 weeks
    • Interest from 110%
  52. Just Cash Short-term loan

    Just Cash

    • Loans up to $3,500
    • Term up to 45 days
    • Interest up to 277%
  53. Quick Loans Bad Credit  Short-term loan
  54. Last Minute Loan Short-term loan

    Last Minute Loa...

    • Loans up to $3,000
    • Term up to 52 weeks
    • Interest up to 98%