Fast cash for short term same-day emergency beneficiary loans in NZ
Are you on a benefit and need a cash loan for an unexpected expense? MoneyShop has got you covered.
- Competitive rates
- The most trustworthy online loans in NZ
- Quick and easy application process
Getting a loan on a Benefit
If you are on a government benefit, it can be tough to secure a loan from the bank. The other option is a payday lender, but these come with huge interest rates that can leave you much worse off in the long run.
At MoneyShop, we assess customers on an individual basis and provided you meet all of our standard lending requirements we may be able to provide you with a loan. All loans will be subject to responsible lending enquiries and checks.
If you are on a benefit and need a loan talk to our friendly team today! We have been lending in New Zealand for over 30 years. We are completely transparent about our rates and will ensure your repayment plan is affordable and straightforward.
Why choose MoneyShop for your Beneficiary Loan?
Apply online
Complete our simple online loan application form. It only takes a couple of minutes *
Competitive rates
Your application will be reviewed by one of our team ASAP, and we will send you a response as fast as we can. In some cases, this may be the next business day.
Get Paid
Once your application is accepted, the money is deposited in your bank account! It couldn’t be easier.
* Loan applications are subject to responsible lending checks
What Can Beneficiary Loans Be Used For?
Here at MoneyShop, we aim to approve your application and get you access to your finances as fast as possible. Thanks to our online Beneficiary Loan application process, you can apply any time, any day.
Emergency loans
We understand that life can get tough and sometimes you need a helping hand. Whether you need some cash for car maintenance, medical costs, or other emergencies, we have lending options to suit your needs.
When you need a hand
At MoneyShop, we pride ourselves on our prompt, friendly service. We take the stress out of getting a personal loan so you can get the cash you need fast. Apply for a fast beneficiary loan online today or visit a MoneyShop branch near you!
Get Your Small Cash Loan In NZ Today!
At MoneyShop, we pride ourselves on our prompt, friendly service. We take the stress out of getting a personal loan so you can get the cash you need fast. Apply for a fast beneficiary loan online today or visit a MoneyShop branch near you!
Beneficiary Loan FAQ
Can you get a loan when you’re on a benefit?
Yes you can get a loan while receiving a government benefit in New Zealand.
MoneyShop considers applications from beneficiaries as long as you meet our standard lending criteria and pass responsible lending checks. We focus on affordable repayments, transparent lending, and supporting Kiwis who need financial help
How can I apply online for a beneficiary loan?
Applying online with MoneyShop is fast and simple. You can complete our online loan application in just a few minutes:
- Fill out the secure online form
- Our team reviews your application quickly
- Once approved, your loan is paid directly into your bank account
We also offer normally same‑day emergency loans for urgent expenses, once we receive your application we strive to process it as fast as possible.
What documents are needed to apply for a beneficiary loan?
To apply for a beneficiary loan in New Zealand, you’ll usually need:
- Valid ID (NZ driver licence or passport)
- Proof of income, including your benefit payments
- Recent bank statements
These documents help us meet responsible lending requirements and ensure your loan is affordable
Can I get a beneficiary loan without a credit check?
MoneyShop follows responsible lending obligations, which means a credit check is required.
Any more questions?
Please contact us to discuss here
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.
