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Urgent cash loans

Gain fast access to the cash you need and overcome a short-term financial hurdle.

⚠️ 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 8am 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 work 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.
1 - 2 of 2
Name Product Max Loan Amount Loan Term Turnaround Time Loan Interest Establishment Fee Account Administration Fee
Save My Bacon Flex Loan
12 - 36 months
Same day
49.95% p.a
$4 per month
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 $2,000 to $5,000 with no hidden fees.
Moola Loan
92 - 184 days
Often available in under 60 minutes
292% p.a.
(fixed for the term of the loan)
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.

Compare up to 4 providers

Sometimes life throws you a curveball and you don’t have the financial capacity to cope. It could be an illness or injury, expensive car repairs or a short-term cash flow problem when several unexpected bills drop into your inbox at the same time.

When this happens, you might need an urgent loan to help pay your bills and get your finances back on track. Compare different types of short-term loans to find out what choices are available when you need money in a hurry.

How does an urgent loan work?

An urgent loan is a short-term loan designed to provide the funds you need in an emergency. You can use this money for just about any purpose, from urgent car repairs to paying essential bills, and you must repay it during a term ranging from 2 days to one year. Although a good credit history makes it easier to gain loan approval, some lenders also offer urgent loans to borrowers with bad credit.

There are three types of loans available to New Zealand borrowers:

  • Short-term loans. Also known as ‘Payday loans’, they are usually loans of between $100 and $2,000, and you typically pay the money back in line with when you receive your regular income.
  • Unsecured short-term loans. These types of personal loans do not require you to offer an asset as collateral for the loan. Usually available with a minimum loan term of one year, short-term unsecured loans need you to meet strict lending criteria and typically come with higher interest rates and fees than secured loans.
  • Secured short-term loans. A secured personal loan allows you to borrow up to $10,000 when you offer an asset, for example, your car as security. Because there is less risk for the lender, you can typically access lower interest rates and fees.

Features of urgent loans

Urgent loans usually include the following features:

  • Short-loan terms. You typically have between 2 days and 1 or 2 years to pay back the money you borrow.
  • A loan from $100. If you choose a loan from a payday lender, loan amounts range from $100 up to $2,000. Depending on your financial circumstances and the lender, it may be possible to borrow more through a secured or unsecured short-term loan, sometimes with amounts of up to $10,000 available.
  • High fees. Short-term loans also tend to attract higher fees than traditional personal loans. Look for establishment costs and ongoing monthly charges when you compare loans.
  • Fast application and approval. As these loans usually involve borrowing a small amount for a short period, many lenders offer quick and easy online applications. Some lenders can also provide instant loan approval and transfer the funds into your bank account within one business day.
  • Missed repayment penalties. One final feature you should be aware of with urgent loans is that lenders usually impose strict penalties if you miss a repayment. These fees can be substantial and could lead you further into debt.

Pros and cons of urgent loans

Before deciding whether an urgent loan is a right solution for your financial needs, consider the benefits and drawbacks of this option.


  • Easy to apply. Urgent loans are quick and easy to apply for, with many lenders offering a simple online application process.
  • Quick turnaround time. You can receive approval for an urgent loan very quickly, and it can give you access to funds within one business day, which guarantees fast access to money when you need it most.
  • Bad-credit borrowers accepted. A bad credit history won’t necessarily stop you from getting an urgent loan, as some payday and personal loan lenders offer finance to bad-credit borrowers. Learn more about bad credit payday loans.


  • Expensive. Short-term loans, especially payday loans, have high fees and high-interest rates. Even if you only borrow a small amount, the total cost to repay the debt in full could be much higher.
  • Can be risky. The high cost of an urgent loan can end up leading you deeper into financial difficulty. The payday lending sector is also notorious for attracting unscrupulous lenders, so you need to carefully read the terms and conditions before applying for a loan.

Things to avoid with urgent loans

Urgent loans can help you to get out of a tight spot and provide the money you need to get your finances back on track. However, they also come with a few risks attached, and it’s essential you are aware of these dangers before signing for a loan.

Problems to be wary of include:

  • Taking on too much debt. If you’re already in debt, borrowing even more money may not be the best solution to your financial problems. Make sure you’re aware of all the associated risks when taking on additional debt, and that you can afford to repay what you borrow.
  • Applying for too many credit products. Asking for multiple credit products in a short time can hurt your credit file. Keep applications to a minimum and only apply for loans that offer a good chance of approval.
  • High fees. The cost of a payday loan is quite high, so make sure you can afford the total cost before you apply.
  • Short repayment terms. Urgent loans have short repayment terms – you can repay some in 2 days. Before applying for a loan, you need to be sure you can pay the full loan amount, plus any interest and fees, within the specified time frame.

How to apply for an urgent loan

Many urgent loan lenders offer online applications to make it as quick and easy as possible to apply for a loan. You need to check that you meet a few simple criteria before applying, eg:

  • You must be at least 18 years of age
  • Meet the minimum credit score requirement.
  • You need to be a New Zealand citizen or permanent resident
  • You must be in paid employment and earn a minimum income

If you meet these criteria you can then apply online by supplying:

  • Your name, date of birth and contact details
  • Proof of ID, eg passport, driver’s licence, 18+ card
  • Recent payslips and bank account statements
  • Information about your income, employment, assets and liabilities

Lenders typically assess applications quickly, with some transferring the loan funds into your account within 24 hours.

Frequently asked questions about urgent loans

There are several viable options to choose from if you need money in an emergency. However, make sure you carefully consider each potential loan option to make sure the one you choose is a good fit for your financial situation.

More guides on Finder

  • Payday loans in Auckland

    We look at payday loans available in Auckland, including which lenders are based here and how to compare loan providers.

  • Payday loans for single parents

    Single parents often do it tough. If you are running low on cash and need to pay for things such as food, school items or even transport, a payday loan might be able to help you out of a bad situation.

  • $1,000 cash loans

    Don’t stress if you need $1,000 cash urgently. Consider applying for a loan from a payday lender for a fast financial solution.

  • Car repair loans

    Your guide to the finance options available when you need some extra funds to repair your car.

  • Low-income loans

    Need to borrow money but you’re on a low income? There are lenders that will consider you. Find out what your options are and how much you need to earn to be eligible for a low-income loan.

  • Loans for bankrupts

    If you have declared bankruptcy and need a loan, there are options available.

  • $1,500 loans you can apply for

    Find out which lenders will approve you for a loan up to $1,500 and what you need to apply.

  • Loans for the unemployed

    If you’re receiving Work and Income payments or you’re currently in between jobs, there still may be financing solutions available for you.

  • Find a loan for $2,000

    Do you need a small loan up to $2,000? Find out about the options available to you, eligibility criteria and what to be aware of before you apply.

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