$1,200 fast cash loans

Need extra money to see you through? Find out how you can receive approval for a $1,200 loan.


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Trying to find a way to cover emergency cash shortfalls can be stressful. You might start looking for a loan, only to see you don’t meet the criteria because of your credit history, income or employment status. No matter what your financial circumstance there are options available to you, whether it be a lender with less stringent criteria or a no or low-interest loan.

⚠️ Warning: be cautious with short-term loans

If you're experiencing financial hardship and would like to speak to someone for free financial counselling, you can call the MoneyTalks helpline operated by FinCap on 0800 345 123. It is open from 8:00am to 5pm, Monday to Friday and 10am to 2pm Saturday. When comparing short term loans, ensure you take into consideration any fees, charges and rates you may be charged.

Alternatives to short-term loans

Consider these alternatives before applying for a payday loan:

  • Use online Government resources. The Commerce Commission New Zealand website explains how loans works and what to be aware of when borrowing from a lender.
  • Payment plans. Talk to your electricity, gas, phone or water provider to see if you can work out a payment plan or receive an extension on your due date if you’re behind on payments.
  • Contact your creditors. Speak with creditors about extending the due date of your payment, or working out a new payment plan that works for both of you. Seek personal loans elsewhere. Consider a small personal loan from a bank or a credit union. You may qualify for a loan with much lower interest rates than those offered by payday loan companies.
  • Pay with credit card. Consider paying with your credit card to cover your emergency bills or payments. This is not a long term solution, as you’ll need to pay off the balance as soon as possible, but it’s an alternative to a short term loan with high – and immediate – interest rates.

Moola Payday Loan

Borrow up to $1,000 and enjoy a flexible repayment plan.
  • Minimum loan amount: $100
  • Maximum loan amount: $1,000
  • Interest Rate: 620.5% p.a.
  • Loan term: Up to 42 days
  • Turnaround time: Within the same day
  • Key requirements: Be 18+ years old, provide proof of recurring income
Moola Payday Loan
  • Simple application process
  • Fast turnaround time
  • $0 early termination fee
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Compare short term loans from $1,200

Name Product Max Loan Amount Loan Term Turnaround Time Loan Interest Establishment Fee Account Administration Fee
Moola Payday Loan
Up to 183 days
Same day
292% p.a.
Borrow up to $2,000 and enjoy a flexible repayment plan. Eligibility: Be 18 or over, have an ongoing source of income, working visa applicants accepted (conditions apply).
Save My Bacon Flex Loan
8 - 52 weeks
Same day
49.95% p.a
Medium term loans from $1,000 to $5,000 with no hidden fees. Eligibility: Be 18 or over, have an income of at least $400 per week and be a NZ citizen, permanent resident or have a valid work visa.
AdvancedCash Small Cash Loan
4-28 weeks
Same day
292% p.a
AdvancedCash Medium Cash Loan
4-28 weeks
Same day
255.5% p.a
AdvancedCash Large Cash Loan
4-28 weeks
Same day
167.9% p.a
Wallet Wizard Short Term Loan
Up to 36 months
Same day
47.8% APR
Cashburst Going Places Loans
1-5 months
Same business day or overnight
44.95% p.a.
$10 per month
Cash Till Payday Going Places Loans
1-5 months
100.375% to 292% p.a

Compare up to 4 providers

What are the $1,200 loan options available?

  • If you have bad credit

Loan options are more limited when you have bad credit. When it comes to a $1,200 loan, many payday lenders will consider you even if you have negative marks on your credit file. What you need to show is your ability to manage the loan repayments, whether this is through Work and Income payments or regular employment.

  • If you have good credit

There are more options available if you have good credit. If you need the money urgently, check if your bank offers same-day personal loans to existing customers. If it doesn’t, an overdraft can usually be set up from your transaction account within a day, giving you access to a line of credit. While you have the option of applying for a conventional personal loan, these are usually available for amounts upwards of $5,000.

Smaller personal loan options you can apply for

  • If you’re eligible for a low or no-interest loan

Low and no-interest loans are essentially financial assistance programs, aimed at those receiving Work and Income payments or on lower incomes. To be eligible, you usually need to:

  • Have a Community Services card or pension card
  • Have resided at your current address for more than three months
  • Show a willingness and capacity to repay the loan
  • Not be using the loan to pay rent, bills or a holiday

The loan is usually designed to finance essentials, which includes household items such as furniture, washing machines and fridges, and some medical, dental services and educational necessities like computers and textbooks.

How you can compare and find the right loan for you

  • Know what you’re eligible for. You may be acceptable for some lenders and not others, so check the minimum eligibility before you apply. You need to meet requirements for income, age and residency, and there may be restrictions if you receive Work and Income benefit.
  • Check what the fees will be. Ideally, check out the cost on the loan providers website before you apply, or on your loan product disclosure statement (PDS).
  • What are your repayments? While your repayment terms, such as how long you have to repay the loan, may vary, your provider will usually structure the repayments according to the frequency of your pay.

The costs of borrowing $1,200

For a loan under $2,000, you typically have to repay it within a term of two days to one year.

Harmoney offers a range of loans, so to find one that suits your requirements and to view the terms and conditions, see its website. An example of a $1,200 loan with Harmoney is one that can be taken out over a year with an interest rate of 16.49% p.a., and monthly instalments of $109.16. However, check out its other costs, e.g. this loan has a hefty $500 application fee.

Questions you might have about $1,200 loans

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