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Same Day Personal Loans

Find out which lenders can fund a loan today.

Name Product Interest Rate (p.a.) Min. Loan Amount Max. Loan Amount Loan Term Monthly Service Fee Establishment Fee
Harmoney Unsecured Personal Loan
6.99% - 19.99%
3 or 5 years
Eligibility: Be a NZ resident/citizen and have a good credit score.
Apply for an unsecured personal loan up to $70,000 with no early repayment fees.
FROM 6.99%
The Co-operative Bank Unsecured Personal Loan
6.99% - 19.99%
6 months to 5 years
Eligibility: Be 18+, an NZ citizen/permanent resident, or have a valid work visa.
Floating-rate, unsecured personal loans from $3,000.
Lending Crowd Personal Loan
5.03% -19.30%
2, 3 or 5 years
$200 - $500 depending on the amount borrowed
Eligibility: Be a NZ resident/citizen and have a good credit score.
Secured and unsecured personal loans from $2,000 to $200,000. 100% online with no paperwork or early repayment fees.
Nectar Unsecured Personal Loan
8.95% - 29.95%
6 months to 4 years
Eligibility: Must be 18+, an NZ citizen or permanent resident, have an income of $400 per week or more (after tax) and a stable credit history.
Unsecured loans from $1,000 with payouts made within one day of approval. Applications entirely online.
Save My Bacon Unsecured Flex Loan
12 to 36 months
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 unsecured loans from $2,000 to $5,000 with no hidden fees.
The Lending People Personal Loan
6.95% - 26.95%
1 to 7 years
$0 - $10 depending on lender
$50 to $695 depending on lender
Eligibility: Be 18+, an NZ citizen or permanent resident, in employment and earning at least $500 per week.
Secured and unsecured loans of up to $75,000 from a variety of reputable lenders.
Gem Secured Personal Loan
6.99% -18.99%
6 months to 7 years
Eligibility: Be 18+, a permanent NZ resident and earning a stable income.
Secured personal loans with weekly, fortnightly or monthly repayment schedules and no fees for early repayment.
Kiwibank Unsecured Personal Loan
13.95% - 18.95%
6 months to 7 years
Eligibility: Be 18+, an NZ citizen/permanent resident, and have a stable income. Ts&Cs apply.
Unsecured personal loans from $2,000

Compare up to 4 providers

People can associate same-day personal loans with shady cash lenders or pawn shops, but there are plenty of reputable lenders to choose from – including some of the main banks.

Types of same-day personal loans

  • Same-day funding for new and existing customers. This type of personal loan is offered by lenders that can process an application quickly for all customers. Lenders that offer this type of loan are ASB and ANZ.
  • Same-day loans for existing customers. This type of personal loan is only offered by some lenders for existing customers. As banks hold more data on existing customers, it’s easier for them to decide whether to loan them money. A lender that offers this type of loan is Kiwibank. Short-term lenders such as Wallet Wizard and Save My Bacon have “Member’s areas” that give you a quicker application process.
  • Short-term same-day loans. If you have weighed up your options and are considering a same day personal loan, but don’t have a perfect credit history, a short-term loan might be an option. Compare the loans below.
  • Line of credit or overdraft. A personal overdraft or line of credit is another small funding option, usually offered by banks to their existing customers. Overdrafts are attached to your transaction account and allow you to overdraw up to an agreed limit, which you then repay at a variable rate. A line of credit works in the same way but sits in a separate account. It is possible for your bank to organise both options within an hour. BNZ allows you to access a line of credit 24/7. The interest is paid only on the outstanding balance and charged at a variable rate. They allow you to pay off some or all of the overdraft, and it remains in place even if you are not currently using it.
  • In-branch applications. Some lenders offer automatic approval and provide same-day funding to customers who apply in-branch. You will need to take a form of identification, bank statements and details of your finances including income, assets, credit accounts and debt. The lender can then verify your documents in person. Instant Finance, for example, offers instant decisions and same-day loan facilities, for people who drop into an Instant Finance branch. This includes secured and unsecured personal loans.
  • Same-day loans with personal assets as security. This is a unique personal loan, where lenders allow you to use a valuable asset as security. Assets can include jewellery, gold, watches, antiques, boats, cars and even fine wine collections. The lender usually requires a valuation of the product and then offers a loan amount based on the valued item. These type of loans usually have a quick turnaround time, with some lenders offering the loan on the same day.

Things to consider about same-day loans

Same-day personal loans are a quick and convenient option to access money, but you need to think about your personal financial situation and your ability to pay back the same-day loan before you apply. Also, consider the features of the loan to see if the loan meets your borrowing needs.

It may be worthwhile considering other forms of credit as a possible option. For example, would it be cheaper to put this expense on your credit card or to take out a personal loan?

How to apply for a same-day loan

To apply for any of the same-day personal loans offered on this page, simply follow the secure ‘Go to site’ link to the lender’s website. The eligibility conditions will differ between lenders, but normally, you need to be over the age of 18, a permanent New Zealand citizen or resident and have a good credit rating.

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