Our Short-term loans range from $100 to $1,000 and can be repaid over a term of 1-42 days. This type of loan is perfect for hard working Kiwis who may be experiencing a temporary cash shortage between their paydays. These unsecured loans are taken out for short-term emergencies and are quickly repaid over your next few paydays. They can be very useful for overcoming a temporary financial emergency but should not be considered as a long term financial solution.
Our mid-term loans range from $1,000 to $3,000 and can be repaid over a term of 3-12 months. These loans may be appropriate for a number of situations; including car repairs, unexpected doctor / dentist / vet bills, to pay off a more expensive loan or to consolidate several higher interest loans.
Our long-term loans range from $5,000 to $10,000 and can be repaid over a term of 12-36 months. These loans may be appropriate for a number of situations; including a car purchase, an unexpected event, holiday, house renovations or to consolidate several higher interest loans. Only those with excellent payment & credit history will be eligible for these loans.
What are your Opening/Processing Hours?
We are open during standard business hours:
Monday: 8.30am – 5.30pm
Tuesday: 8.30am – 5.30pm
Wednesday: 8.30am – 5.30pm
Thursday: 8.30am – 5.30pm
Friday: 8.30am – 5.30pm
Unfortunately, we do not operate on Public Holidays.
All supporting documents must be received no later than 4.30pm in order for us to process your application on the same day.
If you apply for a loan over the weekend, your application will be reviewed on the following business day.
To pre-qualify, you need to meet the below criteria:
You need to have been permanently employed for at least 3 months and earning at least $400 a week (after tax).
We would be able to lend money to working New Zealanders who could repay the loan without experiencing financial difficulties.
You wouldn’t qualify for a cash loan with us if you are:
As long as you receive a regular income of more than $400 a week (after tax) that is directly deposited into your NZ bank account, you may still be approved. However, we review these on a case-by-case basis and are at our discretion.
Provided you have a regular job in addition to your benefit and your salary/wages is your main source of income, you may still qualify for a loan – however, we are unable to help if you are on a benefit only. We are mindful of ensuring any loan will be able to be repaid without causing undue hardship.
As responsible lenders, we will only allow you to have one loan at any time. You may be able to reapply when your current loan is fully repaid. However our loans are not designed for continued use, so please consider alternatives.
You could borrow from $100 to $10,000 depending on the type of term you choose.
Please note that the maximum amount is partially based on your income after expenses. As a responsible lender, we will only lend a percentage of your regular income - partially based on how much you earn and how much you have left after expenses. This loan affordability check will form part of your online application process.
You will be able to see how much you qualify for, before accepting any loan agreement. The quickest way to check is to refer to our loan calculators located on our home page.
Unfortunately, not. We require that all loan applications be submitted online, via this website. The online application ensures accurate information is relayed to us, which allows for speedy processing of your loan application. Please contact us if you are having issues on our website, we will be happy to assist you.
Your pay must be deposited directly into your own NZ bank account.
All costs of borrowing can be found here.
This is an optional fee if you are able to supply a copy of your own third party Insurance details (This must contain an Income Protection Policy).
For our long-term unsecured loans, we must have a valid type of repayment waiver or income protection policy.
Full details of the coverage and terms & conditions of our Repayment Waiver are set out on page 4 of the loan agreement, a sample of which can be found here.
If you have had issues with your credit in the past – such as defaults, judgements and collections – you may still be approved for a loan as we mainly look at your current ability to repay it. However, your application will be declined if you are currently bankrupt or have come off bankruptcy or SIO within the last 6 months.
If I previously had a loan with Cashtillpayday and fully repaid it, can it happen that you decline my loan request next time round?
We understand you may have had and repaid a cash loan with us previously, but to be fair, we need to take into account the applicant's (your) ongoing financial position. Therefore, every loan application is treated on an individual basis.
You can use a joint bank account, as long as your name is on it and we can clearly see your wages / salary being paid to that account and you confirm it is a one signature signing account.
An application can be made online by you at any time, 24/7. You do not have to wait for anything to apply for a loan with us. However, we will only be able to process your application during business hours.
An online application submitted through our website stays valid for 3 days.
If we do not receive all required documents by the end of the third day – we cancel the application on the morning of the fourth day.
This is because the loan contract that was generated in your online application can only stay valid for 3 days.
We make several contact attempts via phone call, email and text during the 3 days your application is valid to follow up on any missing documentation we require to process the loan.
We offer two payment types:
Please visit this page for more in depth information on the limitations and timings of the Same Day Fast Payment.
Mid-Term / Long-Term Loans:
We can only offer one payment type:
The whole application process is done online. This means you will need to have internet access, your own mobile phone and your own NZ bank account number to apply.
Experiment with our calculator to find out what combination of loan amounts and number of repayments best suit your financial needs. Once you have decided what term, amount and number of repayments you would like, click the Apply Now and fill out our online application form.
If you have filled this out, read and accepted the contract and click submit, you will then receive an email outlining the short set of documents we require to process your application.
Supporting documents include; most recent 90 days bank statements, a valid photo ID, selfie and recent proof of address to process your application.
Once our lending team have received your documents, they will process your application and will provide you with an outcome shortly thereafter.
Usually no, but we reserve the right to do so if we feel it’s absolutely necessary.
Mid-Term / Long-Term Loans:
Yes, for loans of this size and duration we do need to do a credit check to assess and ensure the affordability of your repayments. However, this is only a part of our loan application review process and is not the only information we consider.
Yes, as responsible lenders and to ensure you can afford our loans we may call your employer to verify any information provided during your application process.
We normally only do one anonymous call to your employer during the application stage, but we reserve the right to do a full employer check.
We normally only do an anonymous call to your employer during the application stage, but we reserve the right to do a full employer check, This may include contacting your payroll to request any information which may help speed up the processing of your loan application.
Should you default on your loan, your referees and employer may be contacted, but usually only if we can't contact you or make a suitable repayment arrangement.
Simply scan and email the requested documents. No printing, signing or faxing required.
For our Short-Term products, we require:
For our Mid-Term / Long-Term products, you will also need to supply:
We need basic information from you to confirm details, and administer the loan responsibly.
The most important information we require is:
We strive to review all loan applications within 1 hour of getting all the required paperwork from you (8.30am – 4.30pm, business days only).
Any delays in getting your paperwork to us will delay the processing time.
If your loan application has been given final approval, the money will be transferred into your bank account overnight. We do have a 30 minute payment option available (Terms and a small fee apply) but is currently only available on our short-term loans.
If you have changed your mind on the amount that you require, you will need to call us to cancel the existing loan application. We will then advise you when you can go ahead and reapply, which you can do by logging into your account and filling in the new loan application form. However, if the amount you are requesting is more than your personal application limit, then the documents will default to your personal application limit.
You can scan or take photos of the documents with your smart phone and email them to us, upload them using our online upload facility or fax them to us.
Once your loan application has been submitted successfully, you should be able to log in to your account and under the ‘Loan Status‘ tab you will find our tracking system.
This will let you know what documents we have received and what documents we are still waiting on.
Normally, you should hear from us within 45 minutes of sending all the required documentation.
We don’t keep your passwords on file for security reasons, so you will need to head to the returning customers tab and reset it by entering your email address into the reset password box. You will need the mobile you applied with to receive our SMS Authorisation Code to reset your password.
If your mobile has changed, you are on the Skinny network, or you haven’t received the code after ten minutes, then please call us and we will happily assist in resetting your password.
You have the right to cancel the loan at any time. Interest and fees will cease being charged following full repayment. There are no additional costs for cancelling your loan. Any Repayment Waiver Fee charged to you will be refunded in full if you cancel your loan in the first thirty days or otherwise will not be refunded.
Please refer to your Loan Agreement for full terms and conditions or see a sample contract here.
It’s easy - we set up an automatic direct debits for your convenience, to make deductions from your bank account when you get paid.
You have to ensure the required cash is available in your bank account as agreed. The total due will then be deducted from your bank account automatically on the repayment date(s). The dates are typically aligned with your payday. All payment dates will be clearly stipulated in your loan agreement.
Because we are a responsible lender, we encourage you to repay your loan as soon as possible. As interest is calculated daily, it is usually in your best interest to make repayments as funds become available to you. We will set up an automatic direct debit on your bank account to match your pay date. Early repayment can be made at any time at no extra cost. Feel free to contact us to arrange an early repayment.
It can take up to 2 business days for a payment from you to clear, so if you wish to apply for another unsecured cash loan before then, you will need to send through a bank statement showing that your final payment has cleared. Please consider if reusing our service is appropriate for you.
Mid-Term / Long-Term Loans:
You can apply for further funds if;
(provided you are currently not in default)
You will have to contact us as soon as possible (at least 24 hours before the due date) and we will see what we can do to help – adjustments are looked at on a case-by-case basis. Fees do apply for changes to repayment schedules.
If you do call us in time, we can discuss possible alternative arrangements. However, repayment adjustments are not available on your first loan.
Fees will apply for defaults (missed or failed payments) and will be added to your existing loan balance. You can find information on these fees in your loan contract or on our cost of borrowing page.If you contact us early to arrange a make-up payment, we may be able to wipe some of the default fees and interest.
Cashtillpayday is a NZ Registered online lender committed to responsible lending. Our loans can be a great solution for your cash needs. We check every loan application against a set of strict responsible lending criteria in order to try and ensure the affordability and suitability of our loans for you.
You may need a PDF Reader installed on your computer - you can download it for free from www.adobe.com.
We provide a 256-bit bank level encryption of data, creating a ‘read only’ service – this means we cannot make any changes or transactions on your accounts. Once the data has been loaded, the connection to the bank is closed immediately.
We have also had our service independently tested by an industry leading security service.
We do everything we can to ensure that only the best level of security is safeguarding your important information.
You should contact us as soon as you can; as default fees and/or default interest will apply for missed or failed payments. Please click here for assistance on what to do.
Please click here for more information and to fill in our form to request our repayment waiver application and guide.
Once submitted, you should receive our PDF application and guide within 48 hours.
We strive to provide a quality service to all of our customers. However on occasions things don’t always go smoothly, but don’t worry we will endeavour to put things right.
As a responsible lender, we are a member of an independent dispute resolution scheme operated by Financial Services Complaints Limited (“FSCL”) and approved by the Ministry of Consumer Affairs.
Please click here for information on our complaints process and details on our independent dispute resolution scheme.
Please click here to fill in our form to request our financial hardship application and guide.Once submitted, you should receive our PDF application and guide within 48 hours.