1. Who can apply and what we need...

If you're contemplating filling out our loan application, make sure you cover the requirements below.

  • Over 18. Underage? We can talk to you with a parent or guardian to see how we might be able to assist in the meantime.

  • Live in New Zealand. You need to reside in NZ and be a resident or a citizen. We will ask for a recent bill or formal letter to your home address. Holders of work visas may borrow for terms that end before their current work visa expires.

  • Valid Photo ID. Not a NZ resident? Then we must sight your Passport. Otherwise, we'll need to see your NZ Drivers Licence or a Kiwi Access/18+ card.

  • Afford repayments. We'll work with you and complete a budget of your finances. We will need the last 3 months of your bank account transactions through a secure internet banking link or copy of statements. You can check the likely repayment levels for the loan you would like on our handy Loan Calculator here. Credit score and history of debt will be taken into consideration and will influence the interest rate.

2. Applying for your personal loan

If this is your first personal loan with us, it will take a little more time to process than if you're a returning customer. We will help you through the process and do everything we can to make this fast and easy, making sure you understand what we are doing and what you are applying for along the way.

We ask for information like...

  • How much do you need?
  • What is it for?
  • How do we contact you?
  • Where do you live?
  • How you earn your income?

Hit the Apply Now button and get started.

It's simple and straight forward and there's help as you need it.

Wondering about costs?

See our Rates & Fees

3. Getting your loan quickly

As soon as we receive your loan application, we start working on how we can help make your loan possible. We understand that you need to know how the application is going and how soon funds will be available. There may be some more information we need, so either way, we will be in touch with you very soon. Some of the things we look for include...

  • Credit record. We understand that we can all fall on hard times, but we like to see a previous commitment to repayment on historical debt.

  • Payments to suit your budget. Providing a loan that you can't afford doesn't work for us or for you. We'll not knowingly let you get in 'over your head'. We complete a detailed assessment to make sure that we understand the best loan term and loan amount for you.

  • Security helps. We usually require some form of security. That may be your car, household chattels or other valuable property. We check value, prior charges and ownership as a part of our assessment.

  • A loan to fit your circumstances. We'll listen to you and seek to provide the loan you need in a way that fits your personal position. This may be term, repayment size and frequency and payment protection insurance.

All of this can take time

Help us by completing the application with as much information as possible, provide us with your bank statements and talking to us about the various things we may need to follow up on. We can usually provide approval and complete loan documents on a same-day basis so we can get the cash into your account. When urgency is the key, we can deliver!

Loan terms

Our minimum loan term is 3 months, and our maximum loan period is typically 5 years.

Interest rates

Instant Finance provides loans at an annual interest rate from 12.95% to 29.95% per annum.
The rate that applies to your loan will be based on a range of factors including your circumstances, credit history with us or others, the security you can provide and the loan amount.

Once set, our interest rate is fixed for the term of your loan.

Default interest rate

If you get behind in your loan repayments, then we may charge a default interest rate on any overdue loan payments, while they are unpaid. The Default rate that we charge is 10% per annum above the Interest Rate that normally applies to your loan.

On this basis the maximum annual interest rate charged would be 39.95%

Loan fees

We have various fees attributed to your loan which are added to your loan repayments.




Loan establishment fee

A one-off set up fee for your loan.

From $100 to $220 depending on amount of new money borrowed

Administration fee

A fee per instalment paid.

$3 (per instalment)

Variation fee

A one-off fee charged if your loan terms are changed.


Full repayment fee

A one-off fee if you pay off your loan in full before the final payment is due.

$25 + any calculated loss.   

ID Verification Processing Fee

A per verification charge through a 3rd party.


Loan Example:

The amount repayable of your loan is made up of your interest rate, plus fees. For example, if borrowing $10,000 repayable over 3 years at an interest rate of 29.95% you would be required to make 156 weekly instalments of $102.54. This repayment is made up of interest, an establishment fee of $220, an ID verification fee of $7.70 and an administration fee of $3.00 per instalment.

Total interest would be $5,300.54 with total fees of $695.7 making the total payable over the full term $15,996.24.