Are your earnings starting to look less than impressive heading into the festive season? Do you need some help buying your family the Christmas presents they deserve? Or perhaps you need to pay for your upcoming Christmas getaway? Sometimes we get stuck in situations where being the ‘little guy’ is not as endearing as it should be. If you are struggling to get a loan because of your income then look no further than lowincomeloans.co.nz. Our website is in the process of being launched so until then, here is a little bit about what we do.
What are low income loans New Zealand?
They are loans that are designed to help customers, who aren’t earning as much as other loan applicants, to seek out a bit of extra cash. At Low Income Loans, our speciality is helping customers when they feel like there is no hope. Our aim is to give you hope with one of our low income loans online!
We design our loans to accommodate all customers, including ones with bad credit. We believe that our customers are more than just a credit rating, which is why our low income cash loans New Zealand are a perfect fit for most people!
Our easy low income loans are available for a wide range of applicants including; low income earners, people receiving government benefits, people with bad credit and pensioners. We believe that everyone is deserving of a clean slate which is why we are here to help you get one!
How do I know if I qualify for low income loans New Zealand?
Our eligibility requirements are quite basic in order to prevent unfair exclusivity. These requirements include:
- You must be at least 18 years of age,
- You must be a New Zealand citizen or permanent resident,
- You must be earning a stable income for at least 90 days prior to applying, and
- You must not be facing financial hardship or any kind of bankruptcy.
What are the benefits of low income loans NZ?
Our easy cash loans carry many benefits for our customers. Some of these benefits include:
- Cash loans can normally have lower interest rates than credit cards and they work in very similar ways.
- Our low income cash loans have a finite date when the loan is paid off. This means that, unlike credit cards, once your debt is paid off, that’s it! No more fees.
- Our lending scheme is set up so that customers can essentially design their loan themselves. This means that, as long as we approve it, the loan amount, repayment period, and regular instalments can be decided upon 100% based on the customer’s personal situation.
- The process is completed 100% online. This has an added factor of convenience for our customers as they don’t even need to change out of their pyjamas to apply if they don’t want to.
- Customers will receive an outcome of their application within 1 hour of clicking submit!
- Our cutting-edge technology allows us to obtain your bank statements quickly and safely. This means that you won’t have to sift through months of statements as we are happy to do it for you.
- Once your application has been approved, the funds could be released almost immediately. The amount of time it takes for those funds to reach your personal account will depend on what bank you are with.
My only income is from Work and Income New Zealand, can I still get a loan?
Yes! We class Work and Income payments as an income so as long as you have been receiving this income for 3 months, you will be a step closer to qualifying for one of our low income loans.
If you are a low income earner, not already on Work and Income, and you are struggling to get a loan, then applying for those government benefits would be a great solution. If you are in a position where you need quick cash but you are unable to make the repayments, seeking further financial help will not only increase your chances of a cash loan approval but provide you with further ongoing support.
How do I apply for low income loans New Zealand?
With Low Income Loans, you can get started with our loan calculator. Simply enter the amount you want to borrow and over how long to see what your total repayment amount will be. This will give you a better picture of the loan so that you are not surprised by any fess. Head online to figure out the best fit for you.
What do I do if I can’t pay off my loan?
Don’t stress too much! We want this whole process to be as smooth as possible so if it does turn out that you are not able to make a repayment then you must contact us immediately. If you stay silent about your struggles then you will be faced with avoidable dishonour fees that could add further stress to your situation. We ask that you give us 24 hours’ notice if you are unable to make a payment.
Here at Low Income Loans New Zealand, we are always looking out for the little guy. If you are struggling to get a loan, talk to us about getting your low income loan online today! Our website will be ready to go very shortly and we look forward to dealing with all your financial needs.