Payday Loan NZ
Are you a working New Zealander struggling to get through to your next payday because of an unexpected expense?
Don’t worry! Cashburst may be able to help in a stressful situation like that by lending:
‘On The Go’ from $100 – $1,000.
‘Jump Start’ from $1,000 – $3,000.
‘Loan Plus’ from $5,000 – $10,000*.
Payday loans are designed to cover working Kiwis until next payday. They are also sometimes referred to as payday advances or pay cheque advances. Cashburst can provide unsecured loans that are repaid on the next payday or over a number of them.
Payday Loan customers – who are they?
One of the common stereotypes about payday loans is that the lenders often target poor and desperate people. But that is not necessarily true. To pre-qualify for a payday loan from Cashburst, one needs to be in full-time, stable, ongoing employment with a regular fixed income.
We have already helped hundreds of hard-working Kiwis (just like you) get through to next payday: you can find their testimonials here.
Why do some New Zealanders need payday loans?
Even though we all try to do a great job of effectively managing our finances, in some situations it is impossible to stick to a budget because of unexpected expenses. Such expenses can be: medical bills, car repairs, medical emergencies or unexpectedly high power bills. If you have found yourself in a tight, stressful financial spot like the above and you are not able to cover these expenses by digging into your savings or borrowing from family or friends – getting a payday loan may be a great solution for you.
Do I qualify?
To pre-qualify, you need to meet the below criteria:
- You need to be at least 18 years old and a NZ citizen or resident currently living in New Zealand;
- You need to have been permanently employed with the same employer for at least 3 months;
- For our ‘On The Go’ & ‘Jump Start’ loans, you need to be earning at least $350 a week (after tax);
- For our ‘Loan Plus’ loans*, you need to be earning at least $800 a week (after tax);
- 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;
- You are not currently Bankrupt, under a No Asset Procedure or Summary Instalment Order;
- You have access to the Internet and a mobile phone.
Fast payday loans in NZ
People may have different reasons for needing a payday loan. In most cases, it’s an unexpected expense that has caused them to spend more than they normally would – and they need extra money to cover them until their next pay day. A payday loan is a temporary financial aid and is intended to bridge any financial gap. It can be a good solution for unexpected bills, car repairs, family emergencies and medical bills.
Worried about bad credit?
Have you ever wondered if you could still get a payday loan even though you have had credit issues in the past? With Cashburst, the answer could be “Yes”. Although payday loans are generally a bit more expensive than long-term bank loans, the main advantage of them is that even people with less-than-perfect credit history could still get hold of extra funds as long as you can meet the repayments and our affordability criteria. If the banks say “No”, don’t despair because you may still be able to borrow from us.
This is a temporary solution
Payday loans could be a useful financial tool when it comes to covering financial emergencies, but we also encourage our customers to do a budget prior to applying for a NZ payday loan from Cashburst to make sure the repayments are affordable.
*Available solely to our Returning clients, on an invitation-only basis and are still subject to standard eligibility, lending and affordability criteria.