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:

  • ‘On The Go’ unsecured loans $100 – $1,000 over 1-42 days
  • ‘Jump Start’ unsecured loans $1,000 – $3,000 over 3-9 months
  • ‘Active’ unsecured loans $3,000 – $5,000 over 9-18 months
  • ‘Loan Plus’ unsecured loans $5,000 – $10,000 over 1-3 years*


*Available solely to our Returning clients, on an invitation-only basis and are still subject to standard eligibility, lending and affordability criteria.

Lending amounts

Your personal loan limit will be partly determined by 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 ‘On The Go’, ‘Jump Start’ and ‘Active’ loans, you need to be earning at least $350 a week (after tax) excluding government benefits.
  • For our ‘Loan Plus’ loans, you need to be earning at least $800 a week (after tax) excluding government benefits- only available to eligible Returning clients.
  • 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

‘On The Go’ 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.

‘Jump Start’ / ‘Active’ / ‘Loan Plus’ Loans: 

We can only offer one payment type:

  • Overnight Payment: (Standard and Free of charge)