Frequently Asked Questions
![Smiling man with question icon](https://moneyshop.co.nz/wp-content/uploads/2022/06/Frequently-Asked-Finance-Questions.png)
How much can I apply to borrow?
How long does it take to arrange a loan?
What is the loan interest rate?
What are the repayment terms?
Do you loan to people on a benefit?
Do you loan to people with bad credit?
How old do you have to be to get a loan?
What are my payment options?
See “Repay A Loan” in our Resources section for more information.
What can I use as security for my loan?
We lend on cars and property. There must be no money owing on your security. If a balance remains, we can sometimes pay this out and build the cost into your personal loan.
What if I don't have security for the loan?
If you are unable to provide security, it may be that your situation allows us to lend you an unsecured loan up to the value of $1500.
Can I refinance my loan?
Can I settle my loan early?
How do I become a MoneyShop investor?
Our Investors Hub details peer-to-peer pending lending investing opportunities in New Zealand with MoneyShop. Visit the Investors Hub to find out all the details.
Any more questions?
Please contact us to discuss here
Here to give you a helping hand
Our friendly team are here to help you throughout the entire lending process.
![Kiwi owned Kiwi owned](https://moneyshop.co.nz/wp-content/uploads/elementor/thumbs/Kiwi-owned-qptix4t15v9s1sb4f4udycdz8lroyu9cupuadhzqs8.jpg)
![siteseal positive ssl siteseal positive ssl](https://moneyshop.co.nz/wp-content/uploads/elementor/thumbs/siteseal-positive-ssl-qptix4t1e78jblfhlnzp2xryq30on5zwf1pwct39v8.jpg)
![fscl logo fscl logo](https://moneyshop.co.nz/wp-content/uploads/elementor/thumbs/fscl-logo-qptix4t0kdo5c8h2cjaz1mxhhb3mtkr7s74wr2ejlg.jpg)
Loan applications are subject to responsible lending checks. The APR for an average loan of $3200 over 18 months with an interest rate of 29.95% (which includes all setup fees, our Payment Protection Plan and third party charges) is 36.5%. These charges are variable and dependent upon the amount, term of loan and costs incurred. Example 1 – Representative example of a secured loan where the amount borrowed is $3000: Interest Rate is 29.95%, If the repayment time is 103 weeks then installments would be due weekly at $50 with a final payment of $23.80. Example 2 – Representative example of an unsecured loan where the amount borrowed is $1500: Interest Rate is 29.95%, If the repayment time is 63 weeks then installments would be due weekly at $40 with a final payment of $8.81. Maximum APR 42% | Minimum Repayment Time 3 Months | Maximum Repayment Time 3 Years