Instant Finance NZ
Flexible NZ personal loans from $500 to $50,000. Approval within 24 hours and rates from just 9.95% p.a. Simple online process and friendly service make borrowing easy.
Instant Finance offers quick and accessible personal loans to New Zealanders for both small and large needs. Their loans range from NZ$500 to NZ$50,000. Interest rates are personalised, starting at 9.95% per annum and can go up to 29.95%, depending on your credit situation.
The term for a loan can be as short as three months or as long as seven years, and the minimum weekly repayment is NZ$25. Establishment fees range from NZ$100 to NZ$220, while ongoing administration costs are NZ$3 per instalment. Once approved, funds can arrive in your account within 24 hours.
How to Apply for an Instant Finance Personal Loan
To start, head to Instant Finance’s online application platform. You’ll first need to enter your desired loan amount and select your term.
You’ll then provide some basic personal and financial details for assessment. Identification verification and possibly some supporting documents will be requested.
Once you submit your application, their team reviews it and generally gives a response the same day.
If approved, you’ll receive your loan agreement for digital signing. Funds are paid out within 24 hours of approval, directly to your nominated account.
Pros of Instant Finance Loans
Instant Finance is highly rated by New Zealanders for its fast and friendly service. Over 25 branches ensure local support and accessibility wherever you are.
The flexibility in loan size and repayment period means that you can tailor the borrowing to your budget, whether you need quick cash for emergencies or something bigger, like a home renovation.
Cons of Instant Finance Loans
Their interest rates, especially at the higher end, can be significant if your credit isn’t strong.
Administration fees and establishment costs, while standard, are also something borrowers should factor into their overall calculation to avoid surprises.
Our Verdict
Instant Finance is a solid option for New Zealanders looking for a swift, straightforward personal loan with a transparent process. Their quick turnaround time and broad local presence support customers well.
As always, borrowers should carefully consider the costs and terms before proceeding, especially if they’re likely to receive a higher interest rate.
