Best No-Credit Check Loans in NZ

Our Picks for No-Credit Check Loans in NZ

By Leo Williams

If you have nowhere to turn to for a loan due to your rock-bottom credit rating, you may be interested in applying for no-credit check loans in NZ.

However, it’s not advisable to get these loans due to high-interest rates and loan fees. If you fail to repay the loan, chances are you’ll be trapped in debt.

Still, we’ve listed some loan providers for you as a last resort, should you decide to take out a loan from them. We also wrote a guide below about choosing the right no-credit check loan for you. 

Without further ado, let’s start!

Things to Consider about No-Credit Check Loans

The majority of lenders check the credit rating of clients before approving their loans. Additionally, they enquire about their employment status and income as well.

That’s because they don’t want to take chances on people that wouldn’t pay what they owe. Thus, it’s not surprising that there aren’t many no-credit check loans in NZ.

Before getting a no-credit check loan, here are the things you need to consider:

1. Amount

You can loan from no-credit check lenders for short and medium terms. The amount ranges from $50 to $5,000 and that goes for both secured and unsecured options.

It’s easy to see why lenders only loan less than $50,000 because there’s a chance that clients’ debts won’t be paid and that’s destructive to their business.

2. Interest Rates

No-credit check loans are similar to payday loans and car-title loans. They all have ridiculously high-interest rates as well as one-off, default, and application fees.

Even though all loans should have a maximum interest rate of 100%, as implemented by the NZ Government recently, the principal and interest combined can still be too much for some.

Of course, you should be diligent in looking around for loans with lower interest rates. Since the creditors below offer better rates than others, our list is a good starting point for you.

3. Monthly Repayment

Another important thing that you should consider is the monthly repayment.

Will you be able to afford your repayments spread out over a specific period? If your answer is no, then you should look for another loan.

Companies usually let you choose the number of weeks or months to repay the loan. They can give you from a month to 3 years for that.

The earlier you settle the loan, the lower the cost will be. However, make sure that there’s no early repayment charge so that you won’t be burdened with even more unnecessary expenses.

4. Alternate Options

Don’t go directly to no-credit check lenders since there are better options out there.

You can approach the following entities to see if they offer better rates, even if you have a low credit score.

Finance Companies

Finance firms understand your credit situation and may offer a high but fair interest rate. They may also offer secured loans to provide you with a lower interest rate.

An example of a finance company in our list below is Acorn Finance. Check it out.

Credit Unions

Same as finance companies, credit unions can give you a toned-down interest rate basing it on your credit rating, ability to repay, loan amount, and personal details.

Bad Credit Loan Providers

As opposed to payday loans, bad credit loans have less costly interest rates and let you improve your credit grade if you repay your loan as required.

The downside is that interest rates remain high in relation to your credit rating. For example, for poor and bad credit scores, the interest is 75 and 180% respectively.

5. Financial Advice

Suppose you aren’t sure as to what loan to take or how you’re going to turn the tide of your bad credit score, a financial advisor can guide you in the right direction.

No-Credit Check Loans in NZ

With the basics covered, here’s our roundup of the top no-credit check loans in NZ!

1)   NeedCashToday

NeedCashToday's Homepage
Best for Quick cash receipt
Loan Products Cash loans
Address Level 3/299 Durham Street, Christchurch 8013, New Zealand
Contact Details Phone: 0800 003 011 Fax: +64 3 9281 921 [email protected]
Office Hours Monday – Friday: 8.30 AM – 5.00 PM
Saturday & Sunday: closed
Establishment Fee Free


Find it hard to get a new loan because of your stained credit history? You might want to loan with NeedCashToday where they can let you borrow from $500 to $5,000.

Keep in mind that this loan isn’t suitable over the long term with its high-interest rates. Instead, it’s ideal as a last resort and if you really need the cash fast.

No credit checks will be done and you simply have to apply online choosing the amount and repayment term that you’re good with.

As soon as your loan is approved, your loan will be transferred to your bank account by the hour. Plus, you won’t have to hurt your wallet early as there’s no one-off fee.


  • Quick cash receipt
  • Simple application process
  • No establishment fee


  • Lethal interest rates

Customer Reviews

NeedCashToday was praised by clients for their efficient application process and speedy loan approval.

Here’s what Lisa has to say of the lender:

“They made this experience easy. The speed in which the money was accessible was crazy fast.”

Another client named Clare left this comment:

“It happens as quickly as they say 1hr and plenty of communication  ensure  I  know  what’s  happening. Polite and friendly staff.”

2)   Acorn Finance

Acorn Finance's Homepage
Best for Medium-term secured loans
Loan Products Unsecured loans
Secured loans
Address 32 Kent Terrace Mount Victoria, Wellington, New Zealand
Contact Details 64 9 419 8984 or 0800 503 114 [email protected]
Establishment Fee Unsecured loan: $100 (+ $6.10 administration fee)
Secured loan: $130 (+ $6.10 administration fee)


From a business standpoint, no-credit check loans aren’t practical, as the cash can be loaned to someone who may not pay back the loaned amount resulting in a loss.

Acorn Finance considers that you may have debts you hadn’t fully paid in the past. You see, Acorn Finance offers medium-term loans, both secured or unsecured, with lower interest rates. That enables you to repay the loan more conveniently.

For unsecured loans, you can loan up to $2,000 with a fixed interest rate of 49.5%. This is a great cut compared to the sky-high interest rates of payday loans.

On the other hand, their secured loans let you loan up to $5,000 with an even lower interest rate of 34.95% per year payable for up to 3 years.

Acorn Finance is also transparent with its establishment and administration fees. This is already a good deal, given their competitive interest rates.


  • Lower interest rate of 49.5%
  • Fast cash transfer
  • Simple application process


  • Has administration and establishment fees

3)   Cashtillpayday

Cashtillpayday's Homepage
Best for Pain-free application process
Loan Products Payday loans
Address PO Box 11187, Ellerslie, Auckland, New Zealand
Contact Details Phone: 0800 227 484
Fax: 0800 001 477
Office Hours 24/7
Establishment Fee Variable fee


Cashtillpayday is a New Zealand-registered payday loan provider. Offering interest rates from 49.45%, it’s another great option in times of emergencies.

You can take out a fast loan from $500 to $3,000 which you can pay off for 3 months up to a year. Bear in mind that the payment will be based on your income cycle.

Along with that, you will have to pay a variable loan fee depending on your repayment period. The one-off price ranges between $110 and $200.

Furthermore, applying is easy and hassle-free. You just complete your personal details, send the documents through email, and the money will be sent to you.


  • Low-interest rate of 49.45%
  • Same-day cash receipt
  • Simple application process


  • High establishment fee

4)   Max Loans

Max Loans' Homepage
Best for Interest rates
Loan Products Bad credit loans
Car finance
Classic car loans
Debt consolidation loans
Emergency loans
Holiday loans
Home improvement loans
Mortgages and home loans
Secured personal loans
Unsecured personal loans
Wedding loans
Business loans
Address D1, 27-29 William Pickering Drive, Rosedale, 0632, Auckland, New Zealand
Contact Details 0508 629 5626
Office Hours Phone: 0508 629 5626/09 913 3011 Fax: 09 913 3012
Establishment Fee Monday to Friday: 8.30 AM – 5.00 PM
Saturday & Sunday: closed


For low-interest rates from 8.35%, Max Loans is the company to take out a loan with, especially if you have an embarrassing credit record.

Their ethos is to treat clients like human beings and not numbers to send loan sharks to. They will talk you through your options in order to find you a convenient loan deal.

Max Loans is an NZ-registered financial service provider which means that they know a thing or two about bad credit situations, hardships, and all about loans.

With their bad credit loans, you can choose to repay your loan from 1 to 7 years. You don’t have to dawdle as the application can be done in just 5 to 10 minutes.


  • Great interest rates from 8.35%
  • Simple application process
  • Quick loan approval
  • Outstanding customer support


  • Expensive establishment fee

Customer Reviews

Max Loans holds a phenomenal rating of 4.9/5 on Feefo. Customer service is their strength, with staff that consistently work hard and go out of their way to assist their clients.

Let’s see Rochelle’s feedback of Max Loans:

“I’ve been dealing with Max Loans for a number of years and the service from the team, especially Rochelle is exemplary. They are fast, communicative and extremely responsive. I can safely say every time I interact with them they up their game a notch!”

Moreover, another client named Carla wrote:

“I appreciated their patience while I couldn’t answer as quick as I would of liked, I was drawn to the fact that they can help me change my bad credit rating the service is great ..”

FAQS about the Top No-Credit Check Loans in NZ

Who offers no-credit check personal loans?

A no-credit check personal loan is not very common in New Zealand. That said, it is usually offered by the following people:

Online lenders – They offer no-credit check loans providing you fast access to money but with high-interest rates and fees. Be careful as not all online lenders are trustworthy.

Payday loan creditors – Payday loan agencies lend you short-term cash to use until you get your next salary. If somehow you can’t pay it back, you can take out a new loan carrying over your previous debt balance, which you’ll have to repay at a higher price.

Car-title lenders – In exchange of your car’s title, you can also get a no-credit check loan from these creditors.

Pawn shop owners – By pawning a valuable item, you can also get a no-credit check loan. The storeowner will give you your cash and a ticket which you would need to redeem your pawned item.

Are there better options to do rather than take out a no-credit check loan?

Getting a secured loan is one of them as no credit checks will be done. Work and Income can lend financial assistance if you can’t afford your basic need costs.

You can also approach non-profit groups such as Good Shepherd. They offer loans at a discount and without fees—surely better than having to deal with extremely high interests!

Is a no-credit check loan a scam?

No, it’s not. However, you have to be careful of scammers online. Since most people looking for these loans are desperate, they become the target of these scammers.

Be careful not to send any money to anyone, as well as those asking for direct debit payment. As normally, you won’t have to pay back the loan until after a certain time.

And that completes the top no-credit check loans in NZ. As long as you repay your dues monthly, you’ll soon raise your credit score and erase your negative record.

Have you got any questions about our picks? If you do, send us a message and we’ll get back to you as soon as we can.

Also, you may want to check out loans for unemployed NZ residents. If you can’t afford your everyday expenses, we have great options there for you to get a loan.