Not suitable for an ongoing finance solution. Late repayment can cause money problems. For help on managing finances, visit sorted.org.nz.

What you see is what you get

We’ve made our loans clear and fair. At Need Cash Today there are no hidden costs, small print and or surprises.

We pride ourselves on being a responsible lender. A big part of that is ensuring that all of our customers understand the fees and charges associated with their loan. If there is something you don’t understand, just ask our team or check our Q&A.

Late or non-payment of your loan

It’s important that you talk with us as soon as possible about any repayment problems you might have as the earlier you talk to us the more we can do to help out. If you have experienced some form of hardship (such as sickness, redundancy, family bereavement) between taking your loan and your payment we will look to put a new schedule together without adding additional fees. Customers may be asked to prove this hardship.

Potential impact to your credit score

When/where any credit scoring is used for a repaid loan in NZ it will usually positively influence your credit score but if you fail to repay your loan it will negatively affect your credit rating and could result in possible legal action, both of which mean you will struggle to get credit in the future. It really is not worth damaging your credit rating for a small loan so think carefully before you apply and if you do not think that you will be able to repay it on time then act responsibility and don’t apply.

Got doubts about your ability to make repayments?

While we take responsible lending seriously and only give credit to people who can comfortably pay it back, at the end of the day it’s up to you to ensure that you pay it back on time. If you have any doubts about about taking a Need Cash Today loan it’s probably best not to apply.

The Annual Interest Rate (AIR)

547.50% Short Term

273.75% Mid Term

182.50% Long Term

We want you to understand everything about your loan and this is one of the most common means of comparing different loans. But when you see our annual interest rate (AIR) you might have a slight freak out. The problem is that while the AIR is a standard method of comparing various loans, it was not designed with short term loans in mind. Our loans are for a maximum of 186 days and this short duration distorts the AIR in the same way a magnifying glass does.

Fees

Short Mid Long
Interest is charged at 1.50% per day on the unpaid balance at the end of the day Interest is charged at 0.75% per day on the unpaid balance at the end of the day Interest is charged at 0.50% per day on the unpaid balance at the end of the day
547.50% Annualised Interest Rate (AIR) 273.75% Annualised Interest Rate (AIR) 182.50% Annualised Interest Rate (AIR)
Establishment Fee: $10.31 Establishment Fee: $10.31 Establishment Fee: $10.31
Cancelling a direct debit: $20.00 Cancelling a direct debit: $20.00 Cancelling a direct debit: $20.00
Defaulted Fee: $8.35 Defaulted Fee: $8.35 Defaulted Fee: $8.35
Direct Debit Fee: $1.30 Direct Debit Fee: $1.30 Direct Debit Fee: $1.30
Extension Debit Fee: $17.92 Extension Debit Fee: $17.92 Extension Debit Fee: $17.92
Manual Payment Fee: $0.87 Manual Payment Fee: $0.87 Manual Payment Fee: $0.87
Veda Lodgement Fee: $20.00 Veda Lodgement Fee: $20.00 Veda Lodgement Fee: $20.00
Wage Deduction Authority: $14.84 Wage Deduction Authority: $14.84 Wage Deduction Authority: $14.84