Personal Loans Up To $10,000 For Any Situation

Personal loans could be a convenient way to access the finance you need. Regardless of whether you need cash to cover an emergency expense, or to help finance the trip of a lifetime, a personal loan of up to $10,000 may be just the ticket.

Man standing outside with coffee applying for personal loans on white phone

How do personal loans work?

These loans are just like most other types of credit. In other words, consumers borrow a certain amount of money from a lender and then repay it over an agreed-upon period of time.

Additionally, the total cost of your loan will generally include:

  • The loan’s principal amount.
  • Interest, expressed as annual interest rate (AIR).
  • Additional fees and charges.

What can you get a personal loan for?

Personal loans are designed to cover your personal expenses, hence the name. Therefore, cash loans can be used to cover a huge variety of costs.

Here are a few common reasons for taking out a personal loan:

  • Car repairs
  • Medical expenses
  • Travel costs
  • Holiday expenses
  • Whitegoods
  • Relocation costs
  • Rental bonds

In short, you can spend your cash on almost anything! From an emergency to a holiday; it’s all possible.

How quickly can I get a personal loan?

Lenders offering quick loans may all differ in terms of their processing speeds. Moreover, traditional lenders like banks may take longer to process your application than alternative credit options.

Monzi NZ’s lender-finder service, however, may be able to speed things up a little. How? Well, instead of you trawling through multiple lender’s websites or lodging heaps of different applications, Monzi NZ streamlines the entire process.

As a result, Kiwi consumers will only need to lodge one submission on our website. Next, if you apply during normal business hours, we’ll aim to get back to you in no time. Depending on assessment times, you may even receive an outcome within 60 minutes of applying. If you’re matched with a lender (congrats!) they will conduct an assessment of your application. Finally, if your application is approved, your lender will send through a digital loan contract.

In short, through Monzi NZ, you may be matched with a lender in no time, and have access to your cash the same day.

Monzi NZ equals personal loans

When it comes to the lender-finding game, we think we are the pick of the bunch. Moreover, we pride ourselves on helping everyday Kiwi borrowers match with the lender they’re looking for. After all, with loan amounts ranging from $300 to $10,000, Monzi NZ may be able to match you with a lender potentially offering the credit you need.

More specifically, if you have been searching online for any of the following terms, consider using Monzi NZ’s lender-finder service:

Personal loan NZPersonal loan for bad credit
Unsecured personal loan NZUnsecured personal loan bad credit NZ instant decision

Keep in mind the above table is for demonstrative purposes only. The actual loan you may be offered might not reflect the examples above.

What are the biggest personal loans you can get?

Are you thinking of really revving up your bank balance? If so, you may be wondering what the biggest personal loan you can apply for is.

In New Zealand, loan products can vary a lot, depending on the lender themselves. As a result, different lenders may be able to offer larger amounts than others. In particular, certain banks may be able to offer cash loans that can range all the way up to $40,000!

Monzi NZ’s network of lenders, however, may be able to offer personal loans of up to $10,000.

Will personal loans hurt my credit record?

Well, it depends on how you handle your personal loan.

In short, all loans may have an effect on your credit record. After all, your credit record is essentially a reflection of your past history as a borrower. In other words, if you fulfil your loan’s contractual obligations, you may have a positive effect on your credit record. On the other hand, if you consistently miss repayments, you may have a negative effect on your credit record.

What affects my credit score?

Your credit score is a numerical representation of all the information included in your credit file. In short, your credit file is a detailed account of your history as a borrower. Therefore, good borrowing habits will have a positive effect on your credit file, whereas bad borrowing habits will do the opposite.

More specifically, the following may have a negative effect on your credit score:

  • Failing to make repayments.
  • Applying for credit products too often.
  • Maxing out credit card limits.

Why does my credit score matter?

From certain lenders offering bad credit loans, to others offering cash loans without a credit check, Kiwi consumers will quickly notice the hysteria around credit scores. However, you may still be confused as to why they matter at all.

Well, as we discussed above, your credit score is a snapshot of your history as a borrower. Therefore, lenders use this information to get an idea of your creditworthiness. Creditworthiness simply refers to a consumer’s suitability to receive credit and meet their contractual obligations.

As a result, lenders may consider your credit score when approving or declining your application. Furthermore, your credit score may even influence how much you’re eligible to apply for, as well as the interest rate and other fees offered to you.

In essence, a good credit score shows lenders you are a responsible borrower. In other words, you will consistently make your repayments on time, and fulfil your loan’s obligations.

All hope is not lost

If you have a poor credit record, you may feel like your options are limited. Moreover, it can feel like a few financial mistakes in the past can overstay their welcome on your credit file.

Luckily, anybody can improve their credit score. It may, however, take some discipline and hard work.

To make things a little easier for you, here are four ways you could improve your credit score:

  1. Make repayments on time. As obvious as this is, borrowers should always aim to make their repayments according to their contract. Furthermore, be aware that it’s not just credit that can affect your score; missing repayments on utility and telcos can also have a negative effect.
  2. Dispute errors. Mistakes happen! There may be times where things are incorrectly listed on your credit file. There may be credit fix or credit repair companies that offer to resolve these errors for you. Be cautious, however, as many of these credit fix companies may be expensive or not able to deliver what you’re looking for.
  3. Keep credit card balances low. Aim to keep all your credit card balances as low as possible. Otherwise, if you have credit cards that are maxed out, lenders may see this as you being financially unstable.
  4. Avoid multiple applications. Generally, credit providers will check your credit report when you apply for new credit. This enquiry will then be listed on your report. In short, having too many of these inquiries may have a negative effect on your credit score.

Which banks have the easiest personal loan approval?

Because we are not lenders, we cannot speak to the individual policies of credit providers, including the banks. In short, it all depends on both the bank’s assessment policies, as well as your own individual situation.

Put simply, there are too many variables at play (for both the borrower and the lender) for us to give an answer on the easiest bank to get approval for.

What are the best personal loans?

While cash loans can be a great way to cover a cash shortfall, or help fund a lifelong dream, they should not be taken out at random. Therefore, the best fast cash loans are ones that:

  • fulfil the borrower’s needs and objectives; and
  • the borrower is able to afford without significant financial strain.

Keep in mind, credit providers are likely to take reasonable steps to ensure the loan product they offer you fulfils the above criteria. As a result, lenders are likely to look at your bank statements, employment status and potentially your credit history.

Is applying for a loan a good idea?

There are many situations where a personal loan may indeed be a good idea. This could be for covering an unexpected bill or expense, or to help fund something larger.

In short, nobody knows their own situation better than themselves. Therefore, borrowers should weigh up their own situation before applying for a loan. In particular, consider whether you really need a loan to cover your expenses. After all, while online loans are super convenient to be approved for, you also need to spend the next several months paying them back.

How can I get started with Monzi NZ?

If you’re ready to cut through the rigamarole of finding a lender offering cash loans, consider using Monzi NZ’s lender-finding service. In short, we could save you time and hassle.

Here’s how you can get started:

  1. Select the amount you’re thinking of borrowing in the loan slider.
  2. Complete the submission form.
  3. We’ll scan through different loan products and try and match you with a credit provider.
  4. If you’re matched successfully, the lender will conduct an assessment of your application.
  5. Your lender will send through a digital loan contract if your application is approved.
  6. If the borrower accepts the contract, the lender will transfer the funds.

Fast finance for Kiwis

Once consumers lodge an application with us, the next question is inevitable: when will I have access to my loan?

There are, however, a lot of variables at play when it comes to access to funds. Generally, however, borrowers can expect to have access to their funds within 24 hours of approving their loan contract.

Consumers should also keep in mind that most lenders are unable to transfer funds over the weekend. As a result, if you approve your loan contract outside of your lenders normal business hours, your funds may not be transferred until the next business day.

I’m looking to avoid credit checks

Lenders may request access to your credit file from a credit reporting company. In short, lenders use the information in your credit file to make a decision whether or not to offer you a loan.

Borrowers may, alternatively, have the option of applying with a no credit check lender. Obviously, these lenders will not conduct a credit check of your application. Instead, they will base their decision mainly your ability to repay the loan.

Often, consumers applying for no credit check loans feel their credit score is so poor, they will not be granted approval any other way. Monzi NZ, however, may be able to match you with a lender that can focus on more than your credit score.

In other words, while we cannot guarantee whether or not your application will be approved, we can guarantee lenders will aim to focus on more than just your credit score. As a result, if you’re searching online for cash loans NZ no credit check, Monzi may be able to match you with a lender potentially offering unsecured cash loans bad credit instant decision.

I need certainty! Can you find me guaranteed approval?

Bad credit loans guaranteed approval NZ? That almost sounds too good to be true.

Well, unfortunately, it is too good to be true. In short, any lender offering a loan product with guaranteed approval no matter what may be less-than-reputable, or even an outright scam.

Why is this? In essence, lenders are bound by New Zealand Law to assess whether a loan product is suitable for the borrower in question. Moreover, New Zealand Law requires lenders to take reasonable steps to confirm:

  • The loan product will fulfil the consumer’s needs and objectives.
  • The borrower is able to afford their repayments, without significant hardship.

Finally, if a lender offers you a bad credit personal loan guaranteed approval, be very cautious. If you feel like the lender you’re dealing with is less-than-reputable, get in contact with the relevant authorities (police, ombudsman etc.).

Find lenders Aotearoa-wide

By keeping our lender-finding service 100% online, we are able to help Kiwis from all corners of this beautiful place.

Cash loans Auckland

Life in the city of sails may seem idyllic from the outside, but things move quickly in our nation’s biggest city, and it can be hard to keep up. So, if you’ve got unexpected expenses piling higher than The Sky Tower, consider using Monzi NZ to find your next lender.


Did you know New Zealand has the most southerly capital of any country in the world? Did you also know Lonely Planet nominated Wellington in 2013 as the coolest little capital in the world? And, between the vibrant mixture of history, culture, nature and cuisine, it’s not really hard to see why.

However, many Wellingtonians may find it increasingly difficult to afford the things they need, let alone the things they love.

Payday loans Christchurch

Life on the Canterbury Plains rarely plain sailing. It seems like at one-moment life is as smooth as punting on the Avon River, and the next, it’s a mess. However, if you need a little financial helping hand, consider using our lender-finding service.

How much will I have to repay?

Unfortunately, Monzi is unable to give you an accurate idea of how much your loan will cost. After all, lenders will determine the cost of your loan.

If you’re paired with a lender successfully, and your application is approved, your lender will send through a digital loan contract. All the fees, charges and rates associated with your loan will be outlined in this contract. Be sure to read through this document thoroughly before approving anything.

If you are unsure as to the cost of your loan, get in contact with your lender directly. They should be able to walk you through every step of the way.

Who has the lowest interest rate?

Again, there are too many variables at play to provide an answer to this question. As a result, you will need to get in contact with the lender themselves to find out the interest rate.

The following will potentially have an impact on your interest rate:

  • The loan amount.
  • Your credit rating.
  • Whether the loan is secured or not.

How do I make repayments?

Generally, you and your lender will reach an agreement with regards to your repayment terms. More specifically, you will come to an agreement on how long you will have to repay the loan, as well as the frequency of the repayment schedule (weekly, fortnightly or monthly repayments).

Once you approve your loan contract, a direct debit will be set up from your account. Them, your repayments will be automatically deducted as per the repayment schedule. Finally, once you have made all your repayments, the direct debit will automatically cease.

Things to consider before applying for personal loans

Credit providers will conduct a level of assessment to ensure the credit contract is suitable for the consumer. Despite this, however, consumers should consider a few things before applying for credit.

More specifically, before you apply for loans online, ask yourself the following questions:

  • How much will this loan cost me?
  • Will I be able to afford the repayments?
  • What will the regular repayments look like?
  • Are the interest rate and other fees affordable?
  • What happens if I can’t afford a repayment?
  • What will happen if I cannot repay the loan?
  • How long does it take to fully pay the loan off?

Why choose Monzi?

All in all, we think our lender-finding service is pretty incredible. We would almost go as far as saying Monzi NZ is the best lender-finder in the game. You may be sitting there wondering what all of this actually means? In other words, how can Monzi NZ improve my experience of finding finance online?

In short, there are a plethora of different reasons why you should choose us. Therefore, we’ll go through a few of the key ones below.

Apply in minutes

While some lenders may ask you to fill out pages of paperwork, or spend hours listening to cringeworthy hold music, Monzi NZ does things a little differently.

Generally, Kiwi consumers can submit an application within minutes. After all, we only ask for the essential information.

If you’re successfully paired with a lender, however, they may require additional information from you.

Personal loans online – 100% of the time

Our lender-finder service is 100% online. In short, if you have an internet-capable device, you can use Monzi. In addition, our online business model provides our clients with a few extra benefits:

  • Apply anywhere 24/7.
  • No paperwork.
  • No queues.
  • Apply within minutes.

Bad credit is not the enemy

Some lenders might laugh you and your poor credit record straight back out the automatic doors. Monzi NZ’s network of lenders, however, may be able to do things a little differently.

In short, we have aimed to associate ourselves with lenders that may be able to consider applicants with bad credit. In other words, we work with lenders that believe people deserve a second chance.

While we cannot guarantee your bad credit application will be approved, lenders will give your application the thorough and fair assessment it deserves.

Transparency is key

We’ll always be upfront with you and keep you in the loop. That’s why we’ll let you know whether we can match you with a lender right away. Regardless of whether we’re successful or not, you’ll always be the first to know.

Customer service

Despite being 100% online, our customer service team is ready to answer any and all questions you may have. So, if you need to talk to a real person about Monzi NZ’s lender-finder service, you can reach us at

It should be noted, if you get in contact with us outside of our normal business hours, we’ll get to your question the first thing the following business day.

Let’s get started!

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Here are some costs you may incur if Monzi is able to match you with a lender today.

Loan amount

$300 - $10,000


12 months to 24 months


Interest Rate between 1.5% and 20% per month

$2,500 repaid over 13 months would have 56 weekly repayments of $75.05. Total interest $1702.80. Total amount repayable $4,202.80. This example is based on a monthly interest rate of 9% and an AIR of 108%.

WARNING: This is a repayment estimate only. Your lender will determine the exact fees, terms and loan amounts available for you, which may alter your repayments. Annualised Interest Rates (AIR) could be as high as 292% depending on your personal situation.
Note, your lender may offer you different terms, fees or loan amounts based on your individual circumstances, needs and their own lending criteria. Please check your contract before signing