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Small Loans NZ

If you are in need of a small loan in New Zealand, then Zebra Loans are here to help. We offer our customers easy small loans from $100 to $1000, and once the loan is approved we get the money into your account within 60 minutes (during standard business hours, exact timing may vary depending on your bank).

Small loans can be a great way to solve one-off expenses, such as a car repair bill, dental work or medical bill. We have compiled a list of helpful information to help you understand how small loans work.

Am I Eligible For A Small Loan?

To qualify for a small loan, you must be aged 18 or over and be employed full-time. As well as this, you will need to meet all of our small loan requirements criteria which you can view here. If you have any questions or doubts over your eligibility for a loan, you can contact our team here and we will assist you.

How Much Can I Borrow?

The amount you are able to borrow is determined by your individual circumstances. For first-time customers, we are able to offer small loans from $100 to $500, and existing customers who have a credit history with us are able to loan up to $1000 per loan provided they meet our lending criteria.

To find out exactly how much you are able to loan, please use our Small Loan Calculator.

How Much Will It Cost?

Zebra Loans is a responsible lender, which means that we aim for full transparency with our customers. You can view a full list of our borrowing costs here, which includes information on interest rates and applicable fees. Here is an example of how much a small loan could potentially cost:

Small Loan Example

Let’s take the example of Joanne. Joanne earns $600 net a week and would like to borrow $500 for urgent dental work. She is paid on Wednesdays. Today is Monday 10th July, and Joanne is next paid on Wednesday 13th July. Having chosen 5 repayments, Joanne’s loan repayments will be on:

  • 13th July;
  • 20th July;
  • 27th July;
  • 3rd August;
  • 10th August

Joanne’s final loan repayment is therefore on the 10th August. Joanne’s loan was approved and paid on Monday 10th, meaning Joanne will be borrowing the money for 30 days. The total fees on the $500 Joanne borrows will be:

  • Establishment fee: $25
  • Direct Debit fee ($5 per transaction): $25
  • SMS fees: $6 Once to verify her and one reminder the day before each direct debit.
  • Interest (30 days @ 547.5% per annum): $150
  • Total: $206
  • Total repayment amount: $706

Joanne’s repayment schedule would look as follows:

  • 13th July: $141.20
  • 20th July: $141.20
  • 27th July: $141.20
  • 3rd August: $141.20
  • 10th August: $141.20

Total repayment amount: $706

This gives you an idea of the costs involved with taking out a small loan with Zebra Loans.

Apply For A Small Loan

If you are ready to apply for a small loan, you can do so here. We will get back to you with a response as quickly as we can!