In New Zealand, a fast cash loan makes financing more convenient for Kiwis than ever before. These loans can help you quickly sort out sudden expenses like a broken washing machine or rental bond, or for paying off bills between jobs.

Whatever the circumstance, fast cash loans are a way to get money when needed. If you repay these loans properly and only use them sparingly, you can actually use unsecured online loans to help improve your finances in the long run, too. Here’s what you need to know.

What is a fast cash loan?

Fast loans are short-term personal loans with quick and simple application processes. These loans are unsecured, meaning your home or vehicle is not needed as collateral. Instead, you usually have a shorter repayment period and a higher interest rate.

Let’s look at some ways that fast cash loans can help you.

Easy application process

One of the biggest benefits of fast cash loans is the automated application process. Our modern technological world means applications can be submitted online at any time, from any place! We also offer an easy-to-use slider system that can break down the amount you want to borrow and calculate repayments, annual interest rate and total interest. Using tools like this will help you decide whether a fast loan is right for you before you apply.

Quick payout

Internet and mobile banking have made fast loans quicker than ever. Once your loan is approved, we will make a same-day bank account transfer.

You can apply for an unsecured loan even if you have a bad credit score

While a good credit history will undoubtedly increase your chances of getting fast loan approval, it is not mandatory. Lenders mainly want to know that you are currently capable of paying back the loan. Because fast loans are short-term, lenders are more concerned about employment status and income details than your credit score.

Fast cash loans can help you improve your credit score

Fast loans are the quickest to pay back, which boosts your credit score. Establishing a good track record with a loan provider means you will be eligible for lower interest, higher limit loans in future.

Flexible repayment options

One common feature of fast loans is flexible repayment conditions. These can include competitive personalised interest rates and repayment terms that can be customised to fit your financial circumstances. This includes how frequently you wish to make payments, and over what time period. Our online loan calculators can help you understand what you could pay on different plans. 

Get a fast cash loan with MoneyShop

If you want to apply for a loan, we make the process as easy and stress-free as possible! With competitive rates, streamlined online service, and helpful loan information, the MoneyShop team are known as New Zealand’s most trustworthy loan providers. Contact our friendly team if you want to talk about small or large fast loan options.