Same Day Loans

A Same Day Loan is a Personal Loan, approved and paid the same day*. Many people search for Same Day Loans when they need a Fast Cash Loan, Instant Approval Loan, or Emergency Loan. But really any loan approved and paid out the day you apply is a Same Day Loan.

*Subject to responsible lending checks & lending criteria.

Pretty much anything you need additional funds for! Loansmart offers many types of loans including: Small Cash Loans, Home Renovation Loans, Weddings Loans, Car Loans and Emergency Loans.

Simply fill in an online loan application form before 2pm on a business day and, if approved, the funds will be deposited into your account that day. Our online application process only takes a couple of minutes. We will need proof of income and identification in order to proceed with your application, but we make it super easy to do this.

The sooner you apply during the day, the better. Applications are processed in the order in which they are received. Some days are busier than others, so it pays to get to the top of the queue by applying first thing! As soon as your loan is approved, funds are deposited into your account. How quickly you have access to funds depends on who you bank with. It could be straight away, or the next day.

Yes! We offer a range of finance options including Low Cost Bad Credit Loans and Affordable Debt Consolidation Loans. Our lending criteria is more inclusive than a bank loan. So if you’ve been told ‘no’ before, we may still be able to help. A lot of people apply for bad credit only to find their credit is not that bad at all! If you are unsure about what your credit score is, checkout this helpful guide on How To Check Your Own Credit Score.

The maximum loan amounts you can borrow are $75,000 for unsecured loans, and $100,000 for secured loans. However, the actual amount you can borrow depends on your personal financial situation. Try our Personal Loan Calculator to get an estimate of how much you can borrow.

How much you can afford to repay is a key factor in the amount you’re approved for. We’ll use your income and outgoings to assess your affordability ranking. There are lots of handy online budgeting tools you can use to determine what you can afford to repay yourself. Check out this cool online resource from Sorted.

The minimum loan repayment term available is 6 months, while the maximum available is 7 years. Giving our clients access to longer loan terms has allowed them to reduce their loan repayments to better suit their budgets.

Yes! You can complete a joint application. If your joint discretionary income is higher than your individual income, this can help your chances of success. Generally we can only do joint incomes with people who are either married or in a relationship.

To proceed with a joint application please complete an online application, then inform your loan consultant you wish to add someone too the loan.

Every time you apply for a loan, a credit check is completed. Details of those checks are kept on file for around four – five years. If you are applying for many loans in a short period of time, this can negatively impact your score. This is because it could indicate that you’re applying for more credit than you can afford to repay. You can learn more about what impacts credit scores on the Government’s consumer protection website.

The key thing to remember is this – when applying for a loan, it’s vital to choose the right Loan Company. Here are three factors to consider when deciding which lender to choose.

1. Choose a low cost lender. High-cost loans can impact your credit score. Loansmart is a low-cost lender. The maximum amount we charge in annual interest rates is 35.50%. But our lowest interest rate is 9.95%.

2. Choose a reputable company. Loansmart is trusted and preferred by tens of thousands of clients across NZ. Having been in business since 2008, we’re proven, experienced and extremely good at what we do! Review our 5-star Loan Reviews on Google My Business.

3. Choose a company that can provide more options, for more chances of success. You’ve got a good chance of getting your application approved with us. With more options than other lenders, and a more inclusive acceptance criteria, we say ‘yes’ more often.

Remember, every time you apply for a loan a credit check is completed. So it helps to apply with a company that’s more likely to be able to find you a solution, so you don’t have to keep applying!