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.
Beneficiary loans from $200 to $20,000
Fast processing — usually same day, with the right paperwork
100% Kiwi owned and operated
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 since 1993. 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.
What Can Beneficiary Loans Be Used For?
Beneficiary loans NZ are available if you receive a benefit and meet our lending criteria. Apply online at a fixed 29.95% p.a. Processing is fast and usually the same day, with the correct paperwork.
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!
The friendly face of finance
Our clients love us!
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.
How can I apply online for a beneficiary loan?
Applying online with MoneyShop is fast and simple. Fill out the secure online form. Processing is usually the same day with the correct paperwork, subject to responsible lending requirements. If approved, your loan is paid directly into your bank account.
What documents are needed to apply for a beneficiary loan?
Valid ID (NZ driver licence or passport), proof of income including your benefit payments, and recent bank statements.
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?
Contact UsOur friendly team are here to help throughout the lending process. Call us on 0800 66 66 39 or get in touch online.
Ready when you are
Need a helping hand?
Prefer to talk? Call 0800 66 66 39.
Our costs and terms
Clear, upfront pricing with no hidden fees.
Loan amount
$200–$20,000
Loan terms
3 months–3 years
Fixed rate
29.95% p.a.
Repayments
Weekly
Interest rate
The interest rate is 29.95% p.a. for secured, refinanced, and new unsecured loans. Your rate is fixed for the whole contract — no surprises, no hidden fees.
Interest is calculated daily on the unpaid balance (annual rate ÷ 365) and 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 |
| $5,000 to $15,000 for three years or less | $310.00 |
| Over $15,000 for three years or less | $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.
Repayment 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
Also: $1,500 over 52 weeks = $44.83/week.
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 calculate repayments with our personal loan calculator?
Loan CalculatorLearn more about loan costs, interest rates, and fees on our Cost of Borrowing page.