What you need to get a loan
You must be earning at least $450 per week after tax. And more than half of this must come from paid employment
Your pay must be deposited in your bank account on regular basis. We don’t lend to self-employed
You need to have internet access, an active email and a mobile phone
1. Apply
It’s a simple process. You can use the payday loan calculator to work out how much you want to borrow, the repayment amounts and the total cost of the payday advance.
2. We verify your details
We assess your application, confirm your details and do a credit check. If this is your first payday loan nz with us, we send a Credit Contract for you to digitally sign.
3. Money within 60 minutes
Once you have digitally signed the Credit Contract we transfer the money into your bank account within 60 between 9am-4pm week days otherwise overnight.
4. Repayments
are made by direct debit on the due date specified in the Credit Contract. Just make sure you have enough money in your back account on the repayment dates.
Help and Support
Check out our FAQ for information about our loans
Call our friendly team on 0800 503 114 during office hours Monday to Friday 9:00 to 4:30
Loan Costs
Borrowing short term is not cheap and you need to understand how much instant cash loans or payday loans will cost before you borrow. Don’t use this type of loan for ongoing needs, just use them occasionally. At Cash Relief our fast cash loans are competitively priced when compared with other payday or cash loan lenders. The interest rate of 49.5% per year is fixed for the loan term. Every loan has an Establishment Fee of $68.00 or less for loans under $400. An Account Administration Fee of $6.10 per month is applied to your loan. There is an optional Express Payment fee of $5 if a 60 minute payment is requested. Compare the repayment cost of Cash Relief loans with other payday loan and cash loan companies as see that we are often cheaper. LOAN COSTS
Returning Clients
Once you have paid off a Cash Relief loan, you can apply again anytime but we cannot give you another high cost loan within 15 days of paying off your last loan. Since we already have most of your details, it’s a simple process to login using your email address and password and enter a loan request. Just enter the loan amount required, number of repayments, and give your consent to the displayed Credit Contract by checking the boxes and submitting. That’s all – nothing to sign! Your application is assessed and if approved, we deposit the money in your nominated bank account. If you want us to increase your credit limit, please ask. You may be able to borrow up to $600 after 3 loans, but this depends on your financial circumstances. And we often want to review updated bank statements as part of our review of your credit limit. We send a bank statement link to do this. RETURNING CLIENTS
We aim to keep information about you confidential
We do our best to make sure the records we keep remain confidential. Unless you ask us to, we don’t contact your employer. However, we share some of your information with Credit Bureaus when we do a credit check and they retain this information on their files. See the Privacy Waiver and Consent document using the link at the bottom of this page. You need to agree to this before submitting an application. IMPORTANT INFORMATION FOR BORROWERS
To be eligible for a loan the following criteria must be met:
– You must be earning at least $450 per week after tax from paid employment.
– Your pay must show in your bank account with your employer’s name
– You need to live in New Zealand
– You must be at least 18 years old
– You must have an active email account
– You need to have a mobile phone so we can communicate by text and phone
Lending Advice Video
Not sure if you should get a loan? Look at the videos called “It’s all good” from the NZ Commerce Commission which explain your rights. It’s all good