When you’re on the hunt for a personal loan, it can feel like a bit of a minefield. Interest rates, repayment terms, approval times – it’s a lot. And with so many lenders out there, how do you know which one is actually right for you?
That’s where this guide comes in. We’re breaking down exactly what to look for in a personal loan provider – and why using a smart broker like Loansmart is a game changer for your borrowing experience.
1. Use a Loan Broker – It’s the Smarter Way to Borrow
Let’s start with the big one. Instead of going directly to one lender, it’s often better to work with a loan broker.
Why? Because a broker gives you access to a whole network of lenders with just one simple application. No need to spend hours comparing different offers, rates and terms. A loan broker looks at your situation and shops around to find options that fit your needs, not the other way around.
Plus, applying through a broker avoids multiple credit checks, which can hurt your credit score.
At Loansmart, you apply once, and we match you with low-cost lenders offering competitive deals – including second chance loans for those with poor credit.
2. Make Sure They're Part of the Financial Services Federation
If there’s one green flag that says a lender is trustworthy, it’s being a member of the Financial Services Federation (FSF).
Loansmart was the first broker to join the FSF – a big deal in the lending world. This shows we’re committed to responsible lending practices, transparency, and genuinely looking out for the customer. It’s not just about ticking boxes; it’s about doing things right.
Working with an FSF member means you’re more likely to get a fair deal, responsible advice, and help that aligns with your long-term financial well-being. That’s something you won’t always get with dodgy short-term lenders or those fly-by-night finance companies.
3. Check for Hundreds of 5-Star Reviews
Let’s be real: if a company has hundreds of glowing reviews, that speaks volumes.
Loansmart has built a reputation as a fast, friendly, and professional team, with more than 700 5-star ratings to prove it. Our clients regularly shout out how quick the process is, how helpful the team is, and how simple everything was from start to finish.
Here are a few recent comments
"Second time around with Loansmart, Sid was amazing. Very helpful in explaining everything. All-round great experience again.”
“Excellent service from Dani. Easy and straight forward. No stress! No pressure! Same day. Thank you Dani from Loansmart.”
“Corene is amazing! She’s fast, really helpful and you can take my word that she’ll get it all sorted for you in the best way possible. I am glad I chose Loansmart. So grateful! Thank you!”
Here’s the thing – when you’re borrowing money, trust is everything. You want to know you’re in good hands, and a track record of happy customers is one of the best ways to confirm that.
Pro tip: Don’t just go with the cheapest-looking option – go with the one Kiwis love and trust.
4. Look for Flexible Terms That Fit You
Your financial situation is unique – so your loan should be too.
A good lender (or better yet, a smart broker like Loansmart) should offer you flexible loan terms that work for your lifestyle and budget. We’re talking:
- Loan terms from 6 months to 84 months
- Unsecured loans up to $75,000
- Secured loans up to $150,000
- Weekly repayment options that suit your income cycle
At Loansmart, flexibility is a core part of the deal. We’ll help you shape a loan that sets you up for success – not stress. Whether you want a short-term fix or a longer-term plan to consolidate your debt, we’ll work with you to get it sorted.
5. Look At The Whole Lending Package
Of course, the interest rate is important – you don’t want to pay more than you have to.
But here’s what most people forget: the rate is just one part of the deal. What about fees, repayment options, flexibility, and how fast you can get the funds?
Loansmart’s approach is about looking at the full picture. While our rates start from just 9.95%, we also connect you with low-cost lenders and walk you through your options so you can choose what’s right for you – not just what looks cheapest on the surface.
You’ll also avoid the trap of taking out a loan that seems low-cost but ends up costing you more in hidden fees or strict repayment rules.
Why Choose Loansmart?
To sum it all up, here’s why Loansmart ticks all the boxes when you’re looking for a personal loan provider:
- Access to multiple low-cost lenders with one application
- Member of the Financial Services Federation
- Hundreds of 5-star reviews from happy customers
- Flexible terms tailored to you
- Competitive interest rates from 9.95%*
- Fast approval – sometimes in as little as 1 hour*
- Same-day payout options available*
- Friendly, professional, expert advice
We’re not here to push you into a loan – we’re here to help you find the right one. No hoop-jumping, no hidden catches. Just a smart, fast solution that fits your life.
Ready to get started?
Apply online in just 2 minutes and find out what your loan options look like today. It’s free, fast, and could save you a lot of money.
*Subject to responsible lending checks and criteria.
