Borrow up to $7,000 unsecured loans
If you cannot provide security or arrange a guarantor, you may be eligible to borrow up to a $7,000 unsecured loan. And, you could use it for:
- Unexpected medical or utility bills
- Debt consolidation
- Relaxed holiday
Get a good honest loan
Looking for easy unsecured loans in NZ? Here at MoneyShop, we offer instant unsecured loans in New Zealand to help make simple financing more accessible to those who need it and may not have major assets to use as security.
An unsecured loan can be used to pay for a wide range of things, and its key distinction from other types of loan is the lack of collateral. This means that we don’t ask for anything to secure the loan.
Collateral used for security often includes high value assets, such as land or vehicles. Many personal loans are not secured, but both secured and unsecured loans can be useful, depending on the circumstances. If you’re looking for fast cash, unsecured loans are generally the best bet, because they can be quicker to set up.
Need to get paid today? Apply for a loan online!
Why choose MoneyShop for your Unsecured Loan
Here at MoneyShop, we aim to give you the best unsecured loan. We aim to make the process as easy and ethical as possible, with no sliding interest rates, and no hidden fees.
If you want to know more about our terms and conditions before you get started, view our Rates and Terms page.
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 unsecured loans be used for?
Unsecured personal loans are so popular because of their versatility—they can help you pay for virtually anything!
Unsecured loans
An unsecured loan doesn’t require any security; property which can be repossessed if the loan defaults. Here at Money Shop, we offer options for unsecured personal loans, so if you don’t want to use the car you’re borrowing for as security, we can help.
How do unsecured loans work?
Applying for an unsecured loan with MoneyShop is easy and hassle-free. All you need to do is fill out our application form, tell us what you’re looking to finance with the loan, and supply some personal details. These include bank statements or payslips showing your income for the last three months, two forms of approved ID, and how much you want to borrow. Details required for unsecured loans tend to be more in-depth than for secured loans, but if you’re unable to provide all of the details we need, we can always talk to you about working out the next step together.
Once we have your application, we can approve, and the money is deposited in your account the same day! We aim to make the process as easy and ethical as possible, with no sliding interest rates, and no hidden fees. If you want to know more about our terms and conditions before you get started, view our Rates and Terms
Get in touch with our friendly team
We pride ourselves on our service because we believe that friendly, efficient customer service is the backbone of what we do. Our friendly team is more than happy to guide you through the process, so if you have any questions, contact us.
Unsecured Loan FAQ
What is an Unsecured Loan?
An unsecured loan is applicable if you cannot provide security or arrange a guarantor. You may be eligible to borrow up to $5,000 through an unsecured loan. An unsecured loan can be used to pay for a wide range of things, and its key distinction from other types of loans is the lack of collateral. This means that we don’t ask for anything to secure the loan.
How Do I Get an Unsecured Loan?
Complete our simple online loan application form. It only takes a couple of minutes! Your application will be reviewed by one of our team members ASAP, and we will send you a response as fast as we can. In some cases, this may be the next business day.
What Can I Use an Unsecured Loan For?
Unsecured personal loans can help you pay for virtually anything! If you need to make car repairs, have an unexpected trip to take, want to finance your education, or have sudden medical costs, an unsecured cash loan can help you access the funds you need, and spread the costs out over a longer period of time in order to make them more manageable.
How Many Unsecured Loans Can I Have?
You can only have one unsecured loan at a time.
What's the Difference Between a Secured and Unsecured Loan?
The key distinction between the two is the lack of collateral an unsecured loan has. If you’re looking for fast cash, unsecured loans are generally the best bet, because they can be quicker to set up. Details required for unsecured loans are the same as a secured loan, but if you’re unable to provide all of the details we need, we can always talk to you about working out the next step together.
Why should I get my Unsecured Loan from MoneyShop?
Here at MoneyShop, we aim to give you the best unsecured loan. We aim to make the process as easy and ethical as possible, with no sliding interest rates and no hidden fees. If you want to know more about our terms and conditions before getting started, view our Rates and Terms page
Any more questions?
Our friendly team are here to help you throughout the entire lending process. Call us on 0800 66 66 39 or get in contact with us 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.
