Loan Companies: Who Should You Trust?

"Loan Companies: Who Should You Trust?"

Jacaranda Finance NZ is a lender-finder. We do not offer financial advice. Consider seeking independent legal, financial, taxation or other advice to check how the information and ideas presented on this website relate to your unique circumstances.

How do I choose a loan company?

There are so many loan companies on the market. If you’ve ever googled ‘loan companies NZ’, ‘loans NZ’ or ‘local finance companies for personal loans’ then you already know how many options you have. Whether it’s a big bank or a small lender, you as the consumer won’t run short of options.

So, how do you work out which loan company is right for you? Jacaranda NZ has looked at some of the big Kiwi lenders for you. If you want the top tips on how to find the right loan company online for you, then keep reading!

What is the best loan place?

If you’re looking for the best place to borrow money look no further than these short term loan companies:

Take a look at why these loan companies may be the one for you:

Finance Now

Finance Now is a locally owned and operated Kiwi lender that has helped over 530,000 New Zealander’s get the fast cash they need. Finance Now offers:

  • Personal loans;
  • Car loans;
  • Debt consolidation loans;
  • eMoney;
  • Insurance;
  • In-store finance;
  • Business finance – just to name a few.

If you’re looking for a lender that can provide cash for just about anything, then Finance Now could be the online loan finance company you’ve been looking for. You can apply with Finance Now 100% online using the loan calculator to get started. We recommend checking this loan company out if you’re looking for between $1,000 and $20,000.

Pretty Penny

Pretty Penny is one of New Zealand’s loan companies providing cash loans between $50 and $1,000. Pretty Penny is the specialist in short-term cash advances for things like:

  • Unexpected bills;
  • Medical expenses;
  • Small cash shortfalls.

Pretty Penny may be able to provide cash loans on the same day, separating them from the bulk of other online lenders. The Pretty Penny pride themselves on outstanding customer service and guarantee their clients a seamless borrowing experience. If you’re looking for a small amount of cash that can be accessed quickly, we recommend you check out Pretty Penny.


Savemybacon is proud to be a secure loan site for Kiwis to borrow cash online and a leading provider in tailor-made loans for local Kiwis. Savemybacon guides you to solutions that meet your needs but never go beyond your means. The team can assess your current financial profile, including income and spending habits. This innovative fin-tech company utilises technology to analyse spending patterns, bank account usage and other key details. As well as this new technology, savemybacon features:

  • Fast processing times;
  • Quick decisions;
  • Relationships built on trust;
  • Transparent and clear at all times.

You can apply for a:

  • Mini loan – between $100 and $600 and a;
  • Kickstart loan – between $1,000 and $3,000.

If you’re looking for a reliable and trustworthy locally owned and operated lender, we recommend checking out savemybacon.


Gem is New Zealand’s brilliant alternative to a bank. Powered by Latitude, Gem is an online lender that provides not only personal loans online but also features other products such as the Gem credit card. Gem offers a smart range of products including:

  • Personal loans;
  • Insurance;
  • Credit cards;
  • Interest-free and promotional retail finance.

Whether you’re looking for a cash loan to renovate the house or take a holiday, Gem boasts a wide range of loan products. If you’re looking for a larger loan amount between $2,000 and $80,000, then we recommend you check out an application with Gem.


Kiwibank is a bank made by New Zealander’s, for New Zealanders. Kiwibank offers both personal and business finance as well as home loans. Unlike smaller online lenders, Kiwibank is an actual bank. So, if online lending isn’t your thing you might want to check these guys out.


One of New Zealand’s digital loan companies, this neo-lender offers small personal loans between $100 and $5,000 that can be used to cover a variety of different expenses. Moola is a 100% online digital lender providing fast, no-hassle loans for Kiwis all over the country. You can even apply from your smartphone.

Moola is committed to making it easier for Kiwis to access fast loans when they need it. Another positive – Moola could provide applicants with bad credit loans. If you’re looking for a quick answer for a temporary cash problem we recommend you hit up Moola.

ASB Bank

ASB Bank, or Aukland Savings Bank, strives to provide consumers with outstanding service and innovative financial solutions consistently. ASB Bank offers more than just personal loans, below are some of the other services ASB Bank provides:

  • Credit cards;
  • Foreign exchange;
  • Home loans;
  • Insurance;
  • KiwiSaver;
  • Term Deposits.

If you’re looking for a reputable financial institution, then ASB is definitely the bank for the job. We recommend you check out their competitive rates on personal loans.

Which lender is right for me?

There is no right and wrong when it comes to choosing a credit provider. The most essential part is assessing your own personal financial situation and ensuring the lender you opt for meets your needs. If selecting a personal loan company in New Zealand seems like an impossible task, apply with the leading lender finding service; Jacaranda Finance NZ!

What is a lender-finder?

A lender-finder is a middleman between you and your next personal loan. At Jacaranda NZ, you can access hundreds of lenders with just one application. When you submit an application, our system matches you with a lender in minutes*. Jacaranda NZ does not provide the loans; we find you a lender, so you can skip the hassle and get back to what you do best.

You can submit an application with us from the comfort of your living room or on the go. So, when you need a smart answer fast, apply with Jacaranda NZ. We don’t think locating the ideal loan should take hours. If you apply during regular business hours, our team can find you a lender in minutes!

Can I get a personal loan?

Before you submit an application, check that you meet the following requirements:

  • Applicants must be over the age of 18;
  • All applicants must have an active mobile number and email address;
  • A regular income must have been deposited into your personal bank account for the last three months;,
  • Applicants must have internet banking set up;
  • You must be able to prove you are a New Zealand citizen or permanent resident.

What documentation do I need?

We won’t require any physical paperwork when you complete your application. However, we do require a few key pieces of information so a possible lender can assess your eligibility. Jacaranda NZ’s online application form could only take you a matter of minutes to complete. So, if you’re ready to get started, here is what we suggest you have handy:

  • Personal info (name, D.O.B etc.);
  • Your internet banking details;
  • The reason you are applying for a loan;
  • Your MyGov information (if you receive Centrelink benefits);
  • Your employment details and employer contact info;
  • All applicants must be able to prove they are a New Zealand citizen or permanent residents.

How much can I borrow?

Before you submit an application to borrow money, check out our flexible loan options below:

Loan type Amount Term
Unsecured or secured $300 to $10,000 12 to 24 months

Found an amount that suits? Great! Scroll up and use our loan calculator to select how much you wish to borrow and for how long. Get started now!

Can I get a loan with really bad credit?

If you have poor credit, you may have been knocked back when looking for a loan in the past. If you choose an online lender, you can expect a different take on bad credit, compared to a big bank. Some lenders can offer bad credit loans by looking at more than just your credit score and assessing your current relationship with money.

Jacaranda Finance NZ can find you an online lender that looks at more than just your credit history. If you’ve struggled with traditional lenders in the past, you’ll be pleasantly surprised to know that some loan companies will take a realistic approach to assessment. Online loan companies may take into consideration your income, spending habits and financial commitments to determine whether or not you could be eligible for a personal loan.

Although most lenders will conduct a credit score check, this may just be a formality. So, if you’re looking for a fair go at the cash you need, Jacaranda may be able to find you a lender to provide a loan for bad credit. Just scroll up and use our loan calculator to apply now!

Can loan companies that accept benefits?

Generally, online loan companies can be more flexible when it comes to approval for applicants receiving government benefits. If you receive government benefits as part of your income you can apply with us and we’ll do our best to find you a lender that can help.

How much does it cost to apply?

Absolutely nothing! You can apply for a fast loan online free of charge. That’s right, Jacaranda NZ is not one of those loan companies that charge you for an assessment. If your application is unsuccessful, we’ll simply let you know. There are no tricks and no catches. Just one application to meet your next lender.

How can I get a loan ASAP?

Submitting an application couldn’t be simpler. Here’s what you’ll need to do:

  1. Apply online
  2. Fill out the form
  3. We find you a lender
  4. Sign your agreement (if approved)
  5. Get your cash

Apply online

Scroll up and use the loan calculator to select your loan amount and the repayment period. Once you are happy with your proposed loan terms, hit the ‘Apply Now’ button!

Fill out the form

Complete our 100% online application. This could only take you a few minutes. We’ll just need to grab a few essential details from you.

We find you a lender

Our team will search for your perfect lender. If we’ve been successful, we’ll let you know straight away. So, keep an eye on your SMS and emails for the good news!

Sign your agreement

If your application is approved, your new lender should send over a contract for you to review and sign. Make sure you read through your agreement carefully and get in touch with your new lender if there is something you don’t understand. When you’re happy, just sign and send it back to your lender.

Get your cash

As soon as your new lender receives a copy of your signed agreement, they should transfer the money straight to your account. Keep in mind that inter-bank transfer times can affect the speed at which you get your cash.

Ready to apply?

Great! Use our loan calculator located at the top of this page. Select how much you wish to borrow and for how long. When you’re happy with your proposed loan terms, hit the ‘Apply Now’ button.

*subject to when you submit your application