Loans, criteria and approval process

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Explanation of our loans, criteria and approval processes

In this document Cashburst (the provider of loans through this website) is referred to as Cashburst, us or we.

Type of loans we provide

Cashburst currently provides:

  • Short-Term unsecured loans from 1-42 days
  • Medium-Term unsecured loans from 3-12 months
  • Long-Term unsecured loans from 1-3 years

Lending amounts

Available lending amounts range from $100 to $10,000.

Your personal loan limit will be determined based on our proprietary affordability index – a large component in determining your affordability is the amount of your regular net income (your pay less your expenses). Your personal loan limit will be calculated at the beginning of the application process. As a responsible lender, we will never lend more than a small percentage of your regular pay.
Our proprietary affordability index draws on our experience of tens of thousands of payday type loans and is one of the ways we ensure you can meet the agreed obligations under a loan without causing you undue hardship. If you feel this is not the case, please do not sign the Loan Agreement.

Our key lending criteria

  • Subject to our loan approval process, we generally lend to New Zealand residents and citizens over 18 years old in stable, ongoing full-time employment.
  • For our Short & Mid-Term loans, you need to be earning at least $350 a week (after tax).
  • For our Long-Term loans, you need to be earning at least $800 a week (after tax).
  • Unlike some lenders, we do not lend to unemployed, people whose main source of income is a benefit, temporary employed, pensioners, part-time or self-employed individuals.
  • Before we make a lending decision, we will undertake some checks on your current financial situation from your bank statements as one of the ways of assessing the affordability of the loan.
  • All loans are subject to our final discretion.

Our approval processes

Once you send through the documents we require, we will need to conduct some checks in an effort to ensure the affordability of the loan.

In general, it takes us between 30-60 minutes to review a new loan application once we receive all the paperwork we need. Subsequent loans are generally faster.

Once we have made a lending decision, we will inform you by email and TXT.

Options to receive funds

Short-Term Loans: 

We offer two payment types:

  • Overnight Payment: (Standard and Free of charge)
  • Same Day Express Payment: (issued to bank in 30 minutes, a small fee is charged for this service)


Please visit this page for more in depth information on the limitations and timings of the Same Day Fast Payment.

Mid-Term / Long-Term Loans: 

We can only offer one payment type:

  • Overnight Payment: (Standard and Free of charge)