Rating based on 84 reviews

121 Finance

  • Bad credit loans up to $10,000
  • Low-interest starting from 14.99%
  • Repayment up to 1 year

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Author 121 Finance. Screenshot of 121 Finance website.
[Accessed March 6, 2023]

About 121 Finance

121 Finance was established in April 2000 by its two founders and working directors. Since then, we have been delivering professional loan services to the greater community.

With ten years of experience in the finance industry, the two founders, who are just average born and bred Kiwis saw that there was a place in the financial market for a company to offer finance to the average Kiwi resident. Individuals such as yourself, who couldn’t be bothered dealing with intimidating financial institutions and corporate structures, perhaps you couldn’t qualify for a personal loan NZ or maybe just didn’t have the time during working hours get there.

Normal lending criteria do not apply

We are financing specialists who cater to all people, for all financing requirements, even bad credit loans. At 121 Finance the only thing we don’t believe in is that “normal lending criteria apply” because it doesn’t matter what your financial situation or history, we process each application on its individual merits. 

121 Finance Services

We provide people throughout New Zealand with finance for most purposes - from car loans to home improvements, holidays, overdue bills or to consolidate your debts into one easy payment.

As a company, we pride ourselves in supplying fast and friendly service in the financial industry. While fast turnaround times for all applications are important, we are also careful not to lose sight of customer satisfaction. This is very important to us because we believe every person has to be treated fairly and with the utmost professionalism.

Get a loan despite your bad credit

Additionally, we specialize in personal loans, debt consolidation, bad credit loans, home renovations and car finance. You simply need to pick the type of loan, apply for the loan which you require and fill in an online loan application on our website. We will make every effort to ensure that you get a loan that matches your needs and requirements fully.

121 Finance – Bad credit loan

  • Loan Type Bad credit loans
  • Interest Rate 14.99361.45% p/a
  • Loan Amount up to $10,000
  • Repayment 1 month to 1 year

Benefits of 121 Finance

  • Reliable bad credit loans
  • Affordable home loans
  • Friendly customer services

Bad credit loan calculator

The interest rate of a loan will vary based on your credit score and risk profile.
This bad credit loan calculator is for illustration purposes only.
The use of this loan calculator is subject to our terms of use.

Get a bad credit loan at an affordable rate from 121 Finance today

121 Finance is a standout in New Zealand amongst firms offering quick loans for blacklisted clients. 

You acquire a decent credit record by taking out an advance and reimbursing the cash on time. You get a bad credit record by neglecting to reimburse it when the reimbursement is expected; this is called defaulting on credit. This could result in being blacklisted.

Loans for people with bad credit is intended to bail you out between paydays when you are a little low on cash and need to pay for something you want or need, without having to worry too much about your credit situation.

Quick loan approvals

At 121 Finance their main purpose and objective are to assist people with bad credit histories to obtain some form of financing for their daily needs. You can apply for an affordable online bad credit loan if you have been turned down by another lender due to any of the following:

  • Former Bankruptcy
  • Self-employed
  • Previous Baycorp credit issues
  • A beneficiary with WINZ or IRD income
  • Declined by the bank
  • Loan arrears or erratic payment history on loans
  • Erratic income amounts

Customer Reviews & Testimonials

What I liked most about 121 Finance is that they aren't a traditional lender, and therefore don't follow normal lending criteria. I was able to get an amazing loan even though my credit history i...

Gino W
— Queenstown —

Quick online application and approval, low rates and good terms. What more could I ask for in a lender?

Roy M
— Christchurch —

121 Finance Contact

Physical Address

Postal Address

  • PO BOX 100 482, North Shore, 0745, New Zealand

Opening Hours

  • Monday 08:30 – 17:00
  • Tuesday 08:30 – 17:00
  • Wednesday 08:30 – 17:00
  • Thursday 08:30 – 17:00
  • Friday 08:30 – 14:45
  • Saturday – Closed
  • Sunday – Closed