Finder is committed to editorial independence. While we receive compensation when you click links to partners, they do not influence our content.

Payday loans in Auckland

Find available payday lenders in Auckland

Posted

Fact checked

While it’s a major tourist destination and an economic hub, Auckland is one of the most expensive places to live in New Zealand, and it may not be uncommon for financial emergencies to arise for Auckland residents.

⚠️ 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.

In the case of financial emergencies, some people may apply for a payday loan. Payday loans are short term financial solutions, usually for fairly small amounts of cash designed to tide people over until the next payday. The repayments on small payday loans can be high, with interest and fees accumulating very quickly.

Compare loans you can apply for in Auckland

Name Product Max Loan Amount Loan Term Turnaround Time Loan Interest Establishment Fee Account Administration Fee
Save My Bacon Mini Loan
$750
1-8 weeks
Same day
49.95% p.a
$95
$10
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.
Short term loans up to $750 with no hidden fees.
Moola Payday Loan
$1,500
Up to 182 days
Same day
292% p.a.
$0
N/A
Eligibility: Be 18 or over, be in employment and be a New Zealand citizen, permanent resident or have a valid working visa.
Borrow up to $1,500 and enjoy a flexible repayment plan.
Save My Bacon Flex Loan
$5,000
8-52 weeks
Same day
49.95% p.a
$95
$10
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.
Medium term loans from $1,000 to $5,000 with no hidden fees.
loading

Compare up to 4 providers

How do payday loans providers in Auckland work?

The criteria for obtaining a payday loan isn’t as strict as with regular personal loans. Customers can be approved as long as they demonstrate an ability to repay the cash loan and meet the lender’s criteria, which may include showing evidence that they are employed or have a regular source of income that allows them to reasonably repay the loan. Repayment terms are usually between 2 to 60 day, but some payday loans can have terms of a year.

Bear in mind borrowing on these terms can be expensive. In Auckland, most cash loan companies lend up to $2,000, although this amount might be lower for a first-time borrower. Loan customers can apply online and money is usually transferred to their account within a few hours of approval.

Which lenders are based in Auckland?

How to compare payday lenders in Auckland:

Payday loan providers can offer approval in a short space of time, but the costs and fees associated with a payday loan are typically high. In Auckland, finding a provider is straightforward, especially online. It’s essential for prospective applicants to compare the offers available and calculate their repayments prior to submitting an application, to help them to work out how much they can borrow and how much they have to repay.

Some lenders can advance customers up to $2,000 within 24 hours, as long as they meet all of the payday lender’s requirements for the cash loan.

Before applying for an Auckland payday loan, customers should make sure that they are aware of the costs and fees involved.

In what areas in Auckland are payday loans available?

Payday loans are available throughout Auckland, with online applications making them accessible for residents of its suburbs and the inner city.

No matter where someone is in Auckland, there are short term cash loans options available, including the CBD (Advanced Cash), Ellerslie (Cashburst) or Newmarket (Smartcash).

Questions to ask about payday loans

    More guides on Finder

    • Passive income ideas for New Zealand investors

      Looking for an easy way to earn money while you sleep? Investing in shares, peer-to-peer lending and renting out property can all offer the returns you desire.

    • Kiwi Car Loans review

      Borrow up to $500,000 for your new vehicle, caravan, boat or motorcycle with a secured or unsecured finance from Kiwi Car Loans.

    • Car finance for work visa holders

      When you’re a temporary resident in New Zealand, you want to see everything, which can be difficult without a car. Luckily there are some lenders that consider car loans for people on a work or study visa. Find out how to apply here.

    • Mortgage calculator

      In five steps our free and independent home loan repayment calculator tallies your minimum monthly, fortnightly or weekly mortgage repayments.

    • Motor Vehicle Finance car loan

      Get the best rate for your circumstances with a car loan from Motor Vehicle Finance. Answers within two hours.

    • Cash Converters personal loans

      With stores across the country, as well as an online application option, this well-known lender is easily accessible.

    • Business loan calculator

      Looking to apply for a business loan? This business loan calculator lets you compare the cost of two business loans so you can see which is the best one to apply for.

    • The Lending People car loan

      The Lending People work with a number of lenders to help you get the best car finance for your situation.

    • The Lending People personal loan

      The Lending People matches your profile with its lending partners to find the right loan for your situation. Decisions in 60 seconds.

    • Sprint Finance car loan

      Borrow up to $50,000 for a new vehicle with the right lender for your personal circumstances.

    Ask an Expert

    You are about to post a question on finder.com:

    • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
    • finder.com is a financial comparison and information service, not a bank or product provider
    • We cannot provide you with personal advice or recommendations
    • Your answer might already be waiting – check previous questions below to see if yours has already been asked

    Finder.com provides guides and information on a range of products and services. Because our content is not financial advice, we suggest talking with a professional before you make any decision.

    By submitting your comment or question, you agree to our Privacy and Cookies Policy and Terms of Use, Disclaimer & Privacy Policy.

    Questions and responses on finder.com are not provided, paid for or otherwise endorsed by any bank or brand. These banks and brands are not responsible for ensuring that comments are answered or accurate.
    Go to site