Short Term Loans & Finance

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Short Term Loans

A short term loan is a type of unsecured loan, or personal loan.

Sometimes you only need help for a short period of time, so it makes sense to borrow only what you need and only for as long as you need it.

You can pay for items you need today or get a better deal by paying cash up front for larger purchases with a short term loan. A short term loan can be used to cover unexpected expenses such as car repairs and overdue bills, living expenses, emergency expenses and special treats. 

Types of Short Term Loan Lenders

In the loan market, there are many different short term loan lenders, some of which are ‘high-cost’. Despite charging more than 50% per annum, high-cost lenders may advertise ‘daily interest rates,’ making them appear less expensive. Some loan terms are just a few weeks, but the danger is default fees if you do not repay the full amount on time. Your credit history will be negatively affected if this happens. A bad credit score can result from defaulting on loan payments. Getting into a debt cycle occurs when you borrow more money to repay your current debts. In addition, every time you apply for a loan, a credit check is performed, which also affects your credit history. 

Loansmart offers short term loans with a minimum loan period of six months. We do this because we want to ensure our customers are able to comfortably repay their loans. Spreading out your loan repayments will make them more affordable. In this way, you can build your credit rating by making your payments on time. If you have a good credit rating, you will be able to receive a better interest rate. 

We offer short term loans with customised terms and rates. Our small short term loans are designed with ease in mind, our loan process is simple. 

How it works:

The loan interest rate you are charged will vary depending on your credit rating and financial situation, which is why you must take the necessary steps to ensure you repay your loan on time.  

Having a fixed interest rate allows you to budget with confidence, since the total loan amount won’t change. You can schedule repayment dates to coincide with your pay checks to make the repayment process even simpler.

How To Apply For A Short Term Loan

You can apply for a short term loan online now with our easy online application process.

  • Loan Interest Rates between 9.95%* – 35.50%
  • We offer both secured and unsecured loans
  • We can usually get a decision on your loan within one day
  • Loan funds are made on the same day your loan is approved
  • You may make additional payments as you wish
  • Flexible lending criteria

*Subject to responsible lending checks and lending criteria. 

Loan Repayment Calculator 

See what your weekly payments could be using our personal loan calculator! A rate tailored to your financial situation will be offered to you. You could pay more or less than the estimate provided here. 


Loansmart also offers several other borrowing options that may be more suitable to your needs. We also offer a Debt Consolidation Loan, Home Loans, and larger loans up to $150,000. We also offer long-term loans in addition to short term loans and secured loans. 

When you submit an online application form, a member of our credit team will contact you to discuss your options. When we understand our clients, we provide them with the most appropriate borrowing solutions. We can give you a free Loans Assessment and show you how much money you could save by restructuring your loans differently, such as with a lower interest rate or a longer repayment period. 


Loansmart lets you apply for loans across New Zealand in just 2 minutes! An online application form can be submitted from any device at any time. You don’t even need to send us your bank account details to apply online. Through a secured link, we can easily obtain that information. After your application has been approved, your money will be transferred the same business day. We should be able to offer you a solution as long as you have a regular income and can afford your repayments. 

It is easy to apply online for a short term loan or long term loan. A dedicated Loansmart lending consultant will contact you shortly after receiving your application. We offer flexible repayment options. Based on when you get paid, you can arrange for weekly payments, fortnightly, or monthly repayments.