Unforeseen problems can arise at any time, and the greatest inconvenience is that you can never plan for it, and it’s always out of your budget. These situations can be extremely stressful and can place you under financial pressure. There are some instances when you need cash immediately, and you don’t have it on hand. In these cases, short-term loans in NZ can be your safety net in your time of need. Here you’ll see some of the advantages that these loans can offer.

Short Term Loans vs. Long Term Loans

Long-term loans are what you would look at when purchasing a home or a car. It can be in the form of monetary value or assets. Long-term loans require commitment as it takes many years to pay off. The instalments and repayments are quite large and need to be included in your monthly budget; and, in the long run, it could strain on your income. Short term loans, on the other hand, are of a smaller value, creating smaller repayments smaller that can be paid back in as little as three months.

Short Term Loans Are Easier To Get

Short term loans are easy to obtain because you don’t need collateral, a perfect credit record, and you don’t necessarily need to get it from a bank. Some institutions offer short-term loans, but you need to do your research and make sure you’re getting your money from a trusted and reliable source.


When disaster strikes, you may need money urgently to pay for certain repairs or emergencies. Short term loans are extremely adaptable as you can borrow the exact amount of money that you need. This enables you to minimise the amount of money you’re taking and, in turn, the amount of money that you need to pay back.

Lower Interest Rates

Because short-term loans consist of less money, you’ll be charged interest at a lower percentage. This makes your repayments are more affordable so your month to month living won’t require you to dig too deeply into your pockets.

You can’t always choose when you’re in need of cash, which is why Cash Relief offers fast and instant short-term loans in NZ. While we’d all like to avoid emergencies, some problems are unavoidable, and that’s where we come in.