Interest-free Quick Fix loans from $200 to $500
Borrow $200 to $500 with no interest (fees apply) and pay it back in 12 weekly repayments. Apply in about 2 minutes. Most applications are processed the same day, with the correct paperwork and subject to responsible lending checks.
No interest on $200 to $500 (fees apply)
12 weekly repayments, fees included
Helping Kiwis since 1993, 100% Kiwi owned
The $65 setup fee, a $6.90 Centrix credit check and the 24c daily admin fee are included in your 12 weekly repayments. Lending criteria and responsible lending checks apply.
What is a Quick Fix loan?
A Quick Fix loan is our small, short-term loan for $200 to $500. There’s no interest. You pay it back in 12 weekly repayments, and the $65 setup fee, a $6.90 Centrix credit check and the 24c daily admin fee are included in those repayments, so you know the full amount from day one.
It’s built for the smaller things that can’t wait until next month. If you need more time to repay, or more than $500, our small loans run for longer at a fixed 29.95% p.a.
Use the calculator to work out your 12 weekly repayments. Borrowing $500 and want lower weekly repayments over a longer term? See our small loans, at a fixed 29.95% p.a.
Quick Fix loan: 12 weekly repayments with no interest. Includes the $65 setup fee, a $6.90 Centrix credit check and the 24c daily admin fee. Your repayments are confirmed when you apply.
How it works
Lending criteria, fees and responsible lending checks apply.
Apply online
It takes about 2 minutes. You can also apply by phone or in a branch.
We check affordability
We look at your income and expenses to make sure the loan works for you.
Get a decision and your money
Most applications are processed the same day, once we have everything we need, subject to responsible lending checks. Once you sign, the funds go straight to your bank account.
Quick Fix loans: what to know
What it costs, the $500 option, who can apply and what to have ready.
What a Quick Fix loan costs
Amount: $200 to $500
Term: 12 weekly repayments
Interest: none
Setup fee: $65, included in your 12 repayments
Centrix credit check: $6.90, included in your 12 repayments
Daily admin fee: 24c a day ($20.16 over 12 weeks), included in your 12 repayments
Repayment Waiver: optional, and not included in the example
Early repayment fee: none. You can pay it off early at no extra costWhat it could cost you
Example: borrow $400 over 12 weeks
Weekly repayment: $41.01 (final payment $40.95)
Repayments in total: $492.06. No interest.This includes the $65 setup fee, the $6.90 Centrix credit check and the 24c daily admin fee ($20.16). Not included: the optional Repayment Waiver.
This is an example only. Your repayments are confirmed when you apply, and all fees are shown in your loan contract before you sign.
Need a $500 loan?
At $500 you can choose how to repay:
Quick Fix loan: 12 weekly repayments, no interest, with the setup fee, Centrix check and daily admin fee included.
Small loan over a longer term: lower weekly repayments at a fixed 29.95% p.a., with the setup fee for that loan.The calculator on this page shows the Quick Fix option. To compare the longer term, try our small loans calculator. Not sure which suits you? Call us on 0800 66 66 39 and we’ll talk it through.
Who can apply
You’re 18 or over.
You can comfortably afford the repayments.
You’re working or receiving a benefit. We lend to all Kiwis and don’t discriminate.What to have ready
Having these ready makes the process faster:
Two forms of ID, one with a photo. We accept a Kiwi Access Card, driver licence, birth certificate or passport.
Your bank transactions. Access to internet banking, or 3 months of transaction history showing your income and expenses.
Proof of income. Your three most recent payslips from your current workplace, or other proof of income.
Proof of address. A tenancy agreement or similar.
Missing a document? Don’t worry. Get in touch and we’ll see what we can do.
When we process loans
You can apply online any time, 24/7. Our team processes loans during these hours:
Monday to Friday: 8:30am to 5:00pm
Saturday: 8:00am to 1:00pmApply outside these hours and we’ll process your loan the next business day, though we’ll try to get in touch as soon as we can. Prefer to apply in person? Check the hours at your nearest branch.
Life's smaller surprises
Sometimes you just need a bit of help to get through to the next pay. A Quick Fix loan can cover things like:
A power or phone bill that lands at a bad time
A WOF, a new tyre or a small car repair
School costs or uniforms
A bond top-up or moving costs
An unexpected bill (see also our emergency loans)
Why choose a Quick Fix loan
No interest. You only repay what you borrow plus the fees, and they’re shown before you sign.
Done in 12 weeks. A short term means the loan is cleared quickly.
Pay it off early, free. There’s no early repayment fee on a Quick Fix loan.
Kiwi owned since 1993. Real people you can call, or visit in Otahuhu, Manukau or Henderson.
The friendly face of finance
Our clients love us!
Quick Fix loan FAQs
What is a Quick Fix loan?
A short-term loan for $200 to $500 with no interest, repaid in 12 weekly repayments. The $65 setup fee, a $6.90 Centrix credit check and the 24c daily admin fee are included in your repayments.
Are Quick Fix loans interest free?
Yes. There’s no interest on a Quick Fix loan. Fees do apply: the $65 setup fee, a $6.90 Centrix credit check and a 24c daily admin fee, all included in your 12 repayments. All fees are shown in your loan contract before you sign.
Can I get a $500 loan?
Yes. At $500 you can choose a Quick Fix loan over 12 weeks with no interest, or a longer-term small loan at a fixed 29.95% p.a. with lower weekly repayments.
What fees will I pay?
A $65 setup fee, a $6.90 Centrix credit check and a daily admin fee of 24c ($20.16 over 12 weeks). All three are included in your 12 repayments. The Repayment Waiver is optional.
How long do I have to repay?
12 weeks, with one repayment each week.
Can I pay my Quick Fix loan off early?
Yes. There’s no early repayment fee on a Quick Fix loan.
Do you do a credit check?
Yes. A credit check is part of our responsible lending checks on every application.
How fast can I get the money?
Most applications received during our processing hours (Monday to Friday 8:30am to 5:00pm, Saturday 8:00am to 1:00pm) are processed the same day, with the correct paperwork and subject to responsible lending checks. Once you’re approved and have signed, the money goes straight to your bank account.
Do you lend to beneficiaries?
Yes. We lend to all Kiwis, including people receiving a benefit, as long as the loan is affordable.
What if I need more than $500?
Our small loans go from $500 to $5,000 at a fixed 29.95% p.a., and we lend up to $20,000 when the loan is secured against a vehicle or property.
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
Ready to apply?
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
12 weeks–3 years
Interest-bearing loans
29.95% p.a.
Repayments
Weekly
Interest rate
The interest rate is 29.95% p.a. for secured, refinanced and new unsecured loans, including $500 loans on a longer term. Your rate is fixed for the whole contract, so there are no surprises.
Quick Fix loans ($200 to $500 over 12 weeks) have no interest.
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 |
|---|---|
| Quick Fix loan, $200 to $500 over 12 weeks | $65.00 |
| $500 to $800 (interest-bearing) | $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, or 24c on Quick Fix loans. 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. There's no early repayment fee on Quick Fix loans.
Repayment example
Borrowing $1,500 over 52 weeks
- Weekly repayment: $46.43
- Total repayments: $2,413.84 (final payment $45.91)
- Includes: Interest, $300 establishment fee, $109 Repayment Waiver, $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 calculate repayments with our personal loan calculator?
Loan CalculatorLearn more about loan costs, interest rates, and fees on our Cost of Borrowing page.