Payday Loans in NZ and a Cheaper Way to Get Sorted

If you need money today, start here

You’ve probably landed here because something’s come up and it can’t wait. A car that won’t start, a vet bill, rent due before payday. You want to know how fast you can get cash and what it’s going to cost you.

Here’s the short version. Quick Loans is not a payday lender. We’re a licensed New Zealand finance company, and we lend at ordinary interest rates rather than the very high daily rates payday lending is built on. For most people, that means a payday loan is the more expensive way to solve the same problem.

If you want to skip the explanation, you can apply online in about 6 minutes. If you’d rather understand the difference first, keep reading. It’s worth five minutes if it saves you a few hundred dollars.

Where Quick Loans is different

We’re not a high-cost lender. Our rates run from 9.95% to 26.95% p.a., well under the 50% threshold where high-cost credit rules start to apply.

That means:

• You get longer to repay. Instead of clearing the whole thing on your next payday, repayments are spread over a term that suits your budget.
• The cost is far lower. Ordinary interest rates instead of daily high-cost pricing.
• We check that you can afford it. That’s a requirement under the CCCFA, and the Responsible Lending Code sets out how. Honestly, it’s the point. A loan you can’t repay isn’t a favour to anyone.

We’re also upfront about fees. There’s a one-off establishment fee that depends on how much you borrow, starting at $135 for loans between $800 and $1,000. You can see the full schedule on our interest rates and fees page.

How fast is it, really

This is usually the question that matters most, so here’s a straight answer.

• Applying takes about 6 minutes, online, on your phone.
• A real person reviews your application, not just an algorithm. We aim to come back to you within an hour during business hours.
• Once your loan is approved, funds are typically in your account within 24 hours.

We can’t promise everyone gets approved, and we won’t pretend otherwise. Approval depends on your situation and whether the repayments genuinely work for you. What we can tell you is that we look at applications as people rather than numbers, and plenty of the people we say yes to have been turned down by a bank first.

A word on “no credit check” and “guaranteed approval”

You’ll see these promises around. We don’t make them, and we’d gently suggest being careful with anyone who does.

We do run a credit check. Not to catch you out, but because checking that a loan is affordable is what a responsible lender is required to do. A lender who doesn’t look at your situation at all isn’t doing you a kindness.

Your application is read by a person, not just an algorithm, and we look at your whole situation rather than one number. What we won’t do is tell you the outcome before we’ve looked.