When an unexpected expense pops up or an opportunity arises that you simply can’t ignore, finding a quick and affordable loan isn’t just a want—it’s a need.
But navigating the loan market can feel overwhelming, especially when you’re short on time.
You may think that low-interest loans (aka cheap loans) take longer to get approved because they only come from a bank.
You may also think that quick loans from online lenders cost more.
But we’re here to tell you that you can have the best of both worlds – low-cost loans, delivered the same day or the next!*
Enter Loansmart, the smarter, cheaper solution for fast loans with low interest rates.
Keep reading to learn more about how to get the cheapest quick loans to make sure your financial needs are met without delay or excess cost.
*Subject to responsible lending checks and criteria.
Why Quick and Affordable Loans Matter
Whether it’s a vehicle breakdown, home repair, or an urgent purchase, financial curveballs often demand immediate action.
Banks and traditional lenders, however, can complicate matters with lengthy processing times, mountains of paperwork, and rigid lending criteria.
You don’t have that kind of time to waste. That’s why Loansmart is here—to streamline the experience and deliver the funds you need without the hassle.
Also, banks and traditional lenders are not automatically the cheapest – check out this article on banks vs online lenders to learn why online lenders can often provide a better deal.
At Loansmart, we’ve built our reputation on smarter loans >> faster results.
Here’s how we do it:
- Super Fast Approvals: Loans can be approved in as little as 1–2 hours*.
- Same-Day Payouts: Depending on when you apply, you could have your funds in your account the same day*.
- No Paperwork or Appointments: Our process is 100% online, saving you time and effort.
- Competitive Interest Rates: With loans starting from just 9.95% secured, we offer some of the lowest rates in New Zealand.
- 100% NZ Owned: With a local team of lenders, we’re able to move fast and find the best solution for our clients.
*Subject to responsible lending checks and criteria.
How Does It Work?
Getting a loan through Loansmart is simple and stress-free. With our innovative process, you can skip the inconvenient appointments and tedious applications.
Here’s how to get started:
1. Quick Online Application
Complete our online application form in just 2 minutes. It’s that simple.
2. Submit Photo ID and Bank Statements
Provide your documents online without printing, scanning, or uploading. We send you a secure link for safe access to your information.
3. Approval in 1–2 Hours
Thanks to our streamlined assessment process, most applications are approved within hours*.
4. Sign Loan Documents Online
Loan documents are sent digitally, so you can review and sign them from your device.
5. Get Your Funds
Once approved, funds can be transferred to your account on the same day*.
*Subject to responsible lending checks and criteria.
Why Loansmart Loans Are Cheaper
One of Loansmart’s key advantages is affordability. Unlike traditional lenders, Loansmart operates as a loan broker. But what does that mean for you?
Here’s How Loan Brokers Work:
- Instead of applying directly to one lender (like a bank or finance company), you submit an application to us.
- We search through multiple lenders on your behalf, finding the best match for your needs. This competition among lenders ensures you get the most competitive deal possible.
- Because we do the heavy lifting for you, you only need to submit one application instead of multiple.
Our ability to source loans from a range of trusted providers means we’re not locked into one set of terms, making it easier for us to say “yes” to your application.
It also means you get loan options from multiple lenders, so you can choose the interest rate and terms that work best for you.
Key Features of Loansmart’s Cheapest Quick Loans
Flexible Borrowing Limits
Need an unsecured loan? Borrow up to $75,000. This amount is higher than many other lenders, which often cap unsecured lending at $30,000 or %50,000.
Have collateral such as property or a vehicle? You may qualify for larger amounts, up to $150,000 with a secured loan.
Adjustable Repayment Terms
Transparent Costs
Second Chances for Bad Credit
Don’t worry if your credit score isn’t perfect. We specialise in finding solutions, even for those with poor credit history. We truly believe in second chances.
Real Stories, Real Solutions
Thousands of New Zealanders trust Loansmart as their go-to for affordable and fast lending. Here’s just one example of how we help our clients get cheaper, faster loans:
Jayda urgently needed $5,000 for funeral costs but faced challenges with time and limited savings. Traditional lenders couldn’t provide funds quickly, but Loansmart approved her loan within hours, ensuring she had the money by the weekend. Following the funeral, her loan advisor helped her consolidate her existing loans into one, saving her $200 per week on repayments and providing extra funds for additional expenses. With flexible repayment options, Jayda is now in a better financial position. Loansmart’s quick, efficient service made a real difference when she needed it most.
Why Choose Loansmart?
Loansmart makes it possible to secure a quick loan without breaking the bank or your spirit. Our combination of speed, affordability, and customer-first service sets us apart. Here’s what you can expect when you choose Loansmart:
1. A Focus on Speed
From 1–2 hour approvals to same-day payouts*, we work harder and faster to get you results. Time is precious—we value yours.
2. Accessible and Convenient
Our process is entirely online, so you can apply and complete all steps from the comfort of your home.
3. Low-Cost Loans
With competitive interest rates starting at 9.95%*, we ensure you get great value for your money.
4. A Caring Team
Our loan consultants are real people committed to understanding your needs and finding you the best solutions.
*Subject to responsible lending checks and lending criteria.
FAQ
How quickly can I get my loan approved?
Most loans are approved within hours, depending on the loan amount and the information provided. Our streamlined process ensures you receive the funds you need as quickly as possible.
What are the lending criteria?
Loansmart conducts responsible lending checks to make sure loans are suitable and affordable for you. Factors such as income, expenses, and existing financial obligations will be considered as part of the assessment process.
Can I get a cheap, quick loan if I have bad credit?
Yes, Loansmart understands that life’s challenges can impact your credit score, and we’re here to help even if you have bad credit. We assess your current financial situation—not just your credit history—to find a loan solution that works for you. While the interest rate may vary depending on your circumstances, we strive to offer competitive rates and a straightforward application process so you can access the funds you need quickly and confidently. You may be offered a secured loan in order to offer you a lower rate. Typically your credit score impacts the rate you are offered.
Can I consolidate my existing loans with Loansmart?
Yes! We specialise in helping clients consolidate their debts into one manageable loan. This often reduces repayment amounts and simplifies financial commitments.
What types of loans does Loansmart offer?
Loansmart offers a wide range of loan options, including personal loans, debt consolidation loans, vehicle loans, and loans for unexpected expenses. We tailor our services to suit your unique financial needs.
Are there flexible repayment options?
Absolutely! Loansmart offers customizable repayment plans designed to fit your budget and circumstances, providing peace of mind throughout the repayment period.
How can I apply for a loan?
Applying is fast and easy! Simply complete our online application form and one of our friendly loan advisors will contact you to guide you through the next steps.
