What is a Fast Payday Loan?
A payday loan is a personal loan that can help bridge the gap until next payday. Sometimes it’s also called a payday advance.
As the name suggests, in order to pre-qualify for a payday loan, you need to be earning $500/week after tax (excluding government benefits) for our cash loans. This needs to be direct-deposited into your own NZ bank account.
Here at Cashburst, our loan amounts usually vary from $500 – $5,000 for up to 3 – 24 months.
They are repaid on the next payday or over a number of instalments by being direct-debited from your bank account.
Who uses payday loans?
Many of us have been in a situation when we have needed a little extra money to keep us going until next payday. In such times of need, getting a payday loan can be an easy and convenient instant solution for anyone who needs cash for a few days, weeks or months.
We have already helped hundreds of working Kiwis sort out their cash emergencies by lending small amounts of money until their next payday/s.
Such loans can be a great financial instrument for getting instant cash for emergencies.