How fast cash loans can improve your finances in NZ

December 6, 2022

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.

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.

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.

*MoneyShop loans are subject to responsible lending checks and standard approval criteria. Interest rates and fees vary based on your loan type and amount. For full details, please see our Privacy Policy, Terms & Conditions, and Costs of Borrowing page.

This information is general in nature and isn’t financial or professional advice. MoneyShop does not guarantee the accuracy or completeness of this content, and we recommend seeking personalised advice before making financial decisions

Our costs and terms

Loan amount

Borrow between $200 and $20,000, depending on your situation. Example: $3,000 over 78 weeks = $58.87/week.

Loan terms

Choose a term from 3 months to 3 years. Repay weekly. We’ll show your full schedule upfront.

Interest rate

The interest rates are 29.95% for loans with security or refinanced from existing loans, new unsecured loans are also 29.95%. The rate is fixed for the whole of the contract. Interest charges are calculated by multiplying the unpaid balance at the end of the day by a daily interest rate. The daily interest rate is calculated by dividing the annual interest rate by 365. Interest is charged when instalments fall due.

Default interest rate

MoneyShop doesn’t charge default interest. If your account falls behind, a $1 daily arrears fee may apply until things are back on track. Reversed payments incur a $5 fee, and missed‑payment contact may involve a letter fee (up to $50), a $5 phone fee, or an $80 + GST home‑visit fee. Any third‑party recovery costs are passed on at cost.

Establishment fees

One-time setup fee based on loan size:

Fee	Cost
$200 to $499	$65.00
$500 to $800	$160.00
$800 to $5,000 for three years or less	$300.00
$800 to $5,000 for three years or less	$300.00
$5,000 to $15,000 for three years or less	$310.00
Over $15,000 for more than three years	$455.00

Some loan setup costs come from third parties — such as credit checks, PPSR searches, and security‑registration fees — and these are passed on at cost. Your account also has a daily administration charge of 55c while it’s open. We send statements every six months, and extra statements are free by email or $5 if printed. If you repay your loan early, an administration fee of $50 (averaged) may apply, along with any third‑party deregistration costs.

Rate type

Your rate stays the same for the whole loan. No surprises. No hidden fees.

Repayment frequency

Pay weekly. Example: $1,500 over 52 weeks = $44.83/week.

Example: Borrowing $3,000 over 78 weeks

Weekly repayment: $58.87
Total repayments: $4,592.86
Includes: Interest, $300 establishment fee, $0.55/day admin fee
Does not include: Any optional or default-related fees

This example assumes a fixed interest rate of 29.95% p.a., no missed payments, and no early repayment. Actual costs may vary depending on your loan amount, term, and repayment history.

Want to check your rate with our personal loan calculator?

Learn more about loan costs, interest rates, and fees on our Cost of Borrowing page.