Struggling with a bad credit history? Instant Finance provides personal loans up to $50,000, even if your credit history isn’t perfect. We look at the full picture, your circumstances & your current position – not just a credit score.
Real people, understanding real life, looking to create real possibilities.
Responsible Lending Criteria and Terms & Conditions apply.
When the banks or other lenders say no, we might still be able to help. We understand that sometimes life can throw a curveball, we’ve been lending to Kiwis for over 50 years after all!
Whether it’s an overdue bill, a missed repayment, or even something more serious in your past, we’ll take the time to better understand your full situation and what might have changed since
At Instant Finance, we offer personal loans tailored to your individual needs and circumstances – even if you don’t have a spotless credit history.
These are some of the most common reasons our customers borrow:
Looking for a car loan but have a poor credit history? We might still be able to help, get in touch with us today.
From catching up on bills, to covering medical costs or even just helping out Family, we help everyday Kiwis with fast, fair, and flexible loans.
Sometimes life doesn’t wait, and you need a little extra help – right now! Even if you have poor credit history, we might still be able to help – get in touch with us today.
Short answer: quite possibly, yes.
If you've got a few different debts on the go — a credit card, a store card, a hire purchase or two, an overdraft that never quite clears — and a rougher patch on your credit file as well, it's easy to assume consolidation isn't for you. It usually still is.
A default, a missed payment, or even a judgment sitting on your file isn't an automatic no with us. We'll take the time to understand what's happened and where you're at now, then look at whether rolling those debts — credit cards, store cards, hire purchases, buy now pay later, overdrafts, even other personal loans — into one Instant Finance loan could help.
Same rates apply too: personalised rates from 9.95% to 29.95% p.a., over terms up to 7 years.
And here's the bit that's easy to miss; sticking to one manageable repayment, on time, every time, is one of the better things you can do for a credit file that's taken a knock. It won't undo the past overnight, but a steady repayment history is exactly what starts rebuilding it.
For the full picture on how consolidation works — what it actually brings together, the fees, more FAQs — head over to our Debt Consolidation Loans page. This section's just about the bad-credit side of things.
Ready to apply but not sure what you’ll need?
Our Local team based in 25 branches across 14 cities in New Zealand are available and ready to help! Friendly, judgement free conversations, even if you have bad credit.
To make things as fast and simple as possible, here’s what you’ll need:
Yes, it’s still possible. Credit history is only one of the things we look at. If your situation has improved, and you can afford the repayments, we could still be able to help.
We regularly help customers who have been turned away by other lenders. We have a team of real people who look past credit scores and who look at your full situation.
We offer bad credit loans as both secured and unsecured. Some loans, and loan amounts, will need security. Our team are here to guide you through the options.
We offer personal loans from $500 to $50,000; the amount will depend on your individual situation and the repayments you can afford to make.
Yes. We welcome applications from people receiving a benefit. Your ability to repay the loan is assessed based on your overall financial situation.
Yes, it's possible. We don't turn people away just because of a bad credit history — a default, a missed payment or a judgment on your file isn't an automatic no. We'll look at your income, your expenses and what's changed since, then work out whether combining your debts into one Instant Finance loan is a responsible option for your situation.
Consolidating on its own doesn't fix a credit score — it's what happens afterwards that counts. Instead of juggling several repayments across different due dates (where it's easy to slip up), you've got one regular repayment to stay on top of. Making that payment consistently, on time, is one of the best things you can do to help your credit history recover over time.
Most unsecured debts can potentially be rolled together — think credit cards, store cards, hire purchases, buy now pay later balances, overdrafts, and other personal loans. Having a default or judgment elsewhere on your file doesn't automatically rule these out; we'll just take a closer look at your full situation before making a decision.
Just because you have bad credit doesn’t mean you’re out of options!
If you’ve been turned down before, don’t give up! At Instant Finance, we believe in giving people a fair go – if we can help, we will! We are the Makers of Possible after all!
Our minimum loan term is 3 months, and our maximum loan period is typically 7 years.
Instant Finance provides loans at an annual interest rate from 9.95% 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, the interest rate is fixed for the term of your loan.
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.
For Personal Loans written prior to 1 March 2026, the Default rate that we charge is 10% per annum above the Interest Rate that normally applies to your loan.
For Personal Loans written after 1 March 2026, the Default rate that we charge is 5% per annum.
On this basis the maximum annual interest rate charged would be 39.95%
From $100 to $220 depending on amount of new money borrowed.
$2.55 per person
$7.70 per person
$8.05
$3 (per instalment)
