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Save My Bacon – Payday and medium-term loans

Save My Bacon provides short and medium term loans for Kiwis who need same-day cash, even if they have a low credit score.

Save My Bacon

Save My Bacon is a New Zealand lender offering a variety of loans from $300 to $5,000.

The provider aims to give financially responsible Kiwis access to loans by assessing their entire financial history, not just their credit score.

With Save My Bacon, you can receive your funds the same day you apply, as long as you apply during business hours. They have a flexible repayment system which allows you to pay back your loan early so you can save on interest. Read on to find out if a Save My Bacon payday loan is right for you.

⚠️ 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.

Types of loans from Save My Bacon

Save My Bacon currently offers two types of loans:

Save My Bacon Mini Loan

  • $300–$750
  • 1-8 weeks
  • Daily interest rate of 0.1368%
  • Monthly interest rate of 4.1625%
  • Annual interest of 49.95%

Save My Bacon Flex Loan

  • $1,000–$5,000
  • 8-52 weeks
  • Daily interest rate of 0.1368%
  • Monthly interest rate of 4.1625%
  • Annual interest of 49.95%

Compare loans on offer from Save My Bacon

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
$50
$4
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.
Save My Bacon Flex Loan
$5,000
8-52 weeks
Same day
49.95% p.a
$50
$4
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.
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Features of a loan from Save My Bacon

Save My Bacon offers flexible loans to help you with unexpected expenses.

  • Flexible repay. You can repay the loan early and save interest. Keep in mind that mini, or short term, loans have a minimum two-day repay.
  • Same-day funds. If you apply on a business day, your loan will be transferred to your bank account the same day. When your funds will be available depends on your bank processing time.
  • Low credit options. Having a low credit score will not disqualify you from being approved for a loan as Save My Bacon assesses your entire financial history to determine your eligibility.

How much will it cost you to borrow from Save My Bacon?

Short term loans with Save My Bacon have an annual interest rate of 49.95%. Save My Bacon charges a $50 establishment fee for all new clients and a $4 account maintenance fee every 30 days.

The following additional fees may apply:

  • Default fee – $30
  • Debt collection fee – $40

    Are Save My Bacon loans safe?

    Save My Bacon is registered with the New Zealand Financial Service Providers Register and Financial Dispute Resolution Service and abides by the Responsible Lenders Code. Save My Bacon aims to keep all your information private and protected through the use of encrypted transport layer security.

    How to apply for a short term loan from Save My Bacon

    Applying involves the following steps:

    1. Fill out the online application.
    2. Upload three months worth of bank statements, photo ID, contact details, bank account details and employment information.
    3. Save My Bacon will verify your personal and credit information.
    4. Sign loan documents online.
    5. Wait for approval.
    6. Receive funds within one business day.
      Eligibility

      To be eligible for a short term loan you need to:

      • Be a New Zealand citizen, permanent resident or possess a valid work visa.
      • Be at least 18 years of age.
      • Have an active bank account.
      • Have income electronically transferred into your bank account regularly.
      • Earn at least $400 per week.
      • Have an email account and mobile phone.

      Frequently asked questions


      Save My Bacon Limited is registered with the Registrar of Financial Service Providers. Their registration number is FSP41567.

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