How do I qualify?
What you’ll need
You can apply for a short term loan of $100 – $1000
The maximum term of a loan with us depends on how often you are paid. We allow up to 6 weekly repayments, 3 fortnightly repayments, or 1 monthly repayment
1. You need to be at least 18 years old and a NZ citizen or resident currently living in New Zealand; 2. You need to have been permanently employed with the same employer for at least 3 months; 3. You need to be earning at least $350 a week (after tax) excluding government benefits; 4. Your pay needs to be credited on a regular basis into your own NZ bank account that has been open for at least 3 months; 5. You are not currently Bankrupt, under a No Asset Procedure or Summary Instalment Order; 6. You have access to the Internet and a mobile phone
Avoid the debt trap and BorroWise
Payday Loan is the home of BorroWise, a framework that ensures customers borrow only what they can afford to pay back.
We understand that at some stage everyone can come up against an unavoidable financial emergency. We believe that a small cash loan of between $100 and $1,000 to see someone through to payday can be a great way to avoid the long-term debt trap.
Borrow only what you need
While the temptation is often strong to borrow more money than you actually need, this is a practice we don’t encourage as it just makes it harder for you to pay the debt off, and break the debt cycle.
We love to help our customers so we’ve made the loan process easier than ever.