Loan of the Month - June 2025
Case Study #1 - Olivia’s Travel + Debt Consolidation Win
The Need
Olivia had been dreaming of a European escape for years, planning to finally make it happen at the end of the year. She came to Loansmart looking for a small $5,000 loan—just enough to help with travel costs like flights and accommodation.
But when her loan advisor dug a little deeper into her financial situation, they discovered she was juggling multiple debts—credit cards, store finance, and a small personal loan. Her repayments were all over the place and taking a toll on her budget.
The Challenge
Like many Kiwis, Olivia hadn’t realised just how much her multiple repayments were eating into her income. While her travel loan request was manageable, the real opportunity was in helping her sort out her debt at the same time.
She didn’t think she’d qualify for anything more than $5,000—but she was wrong.
The Solution
After reviewing her income, credit profile and goals, her Loansmart advisor was able to structure a $30,000 loan. This did three big things at once:
- Paid off all her existing debts
- Put her travel funds in hand
- Rolled it all into one simple repayment plan
Better yet? Her new weekly repayments were lower than what she was previously paying across all her separate debts. So not only is Olivia off to Europe stress-free, but her finances are now way easier to manage.
She was thrilled to have everything tidied up before her trip and loved having one clear payment instead of several. This is exactly what smart borrowing looks like.
Case Study #2: Jasmine’s Business Cashflow Boost
The need
Jasmine had recently taken over a small but well-established business in her hometown. She’d been running it for six months and business was blossoming—but like any new owner, she hit a point where she needed a cashflow boost to cover some larger supply orders and marketing costs ahead of a busy season.
She applied with a few lenders for a business loan, but kept hitting the same wall—they all wanted her to have been trading for at least a year.
The challenge
Although Jasmine had only been operating under her own name for six months, the business itself had been around for years.
But traditional lenders weren’t willing to look past the “6 months trading” box. That’s when she came to Loansmart.
The solution
Jasmine’s Loansmart advisor looked at the bigger picture. They explained the business’s history to our lender network and submitted an application using her bank statement income—no full financials required.
Because we work with low-cost lenders who are open to real-world situations, Jasmine was approved for a $25,000 unsecured business loan.
The funds gave her the cashflow support she needed, and she didn’t have to jump through the usual hoops. No stress, no delays—just a smart, fast solution.
Jasmine was absolutely stoked. With the extra breathing room, she’s been able to focus on growing the business, not just surviving.
