Rating based on 50 reviews


  • Bad credit loans up to $5,000
  • Low-interest starting from 12.99%
  • Repayment up to 7 years

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Zealy homepage
Author Zealy. Screenshot of Zealy website.
[Accessed March 6, 2023]

About Zealy

When you have a poor credit score, it may be difficult to come across a lender that will approve you for a loan and still keep their rates reasonable.

With Zealy, New Zealanders can access bad credit loans that won’t crush their budgets and can be approved and credited to them in just minutes. They certainly have zeal for accommodating New Zealanders regardless of their credit history!

Zealy have provided thousands of loans to New Zealanders from all walk of life and continue to impress their customers with quick approval, convenient loan terms and excellent customer service.

Zealy’s simple and convenient online loans

If you’re looking to borrow between $1,000 and $5,000 and can meet Zealy’s affordability and eligibility requirements than you’re good to go!

Zealy’s online quick loans carry interest rates that range from a competitive 12.99% to 24.99% per annum and repayments are fixed for the full term of the loan. What’s more is that if you decide to repay your bad credit loan early, you won’t be charged a cent worth of early repayment penalties!

Helping those who need larger loan amounts too

Zealy is powered by the Lending People, who offer larger loan sums and longer loan terms. If you find that Zealy’s loan range and terms don’t meet your loan needs, head over to the Lending People, for equally quick, convenient and customized personal loans.

Need loan insurance too?

Zealy has partnered up with a leading provider of loan insurance, Quest Insurance who provide their customers with optional Credit Contract Indemnity Insurance (CCI). If you would like to opt in for insurance this can quickly and easily be added to your Zealy bad credit loan!

Zealy Services

With a Trustpilot rating of 4.7 out of 5, you can rest assured that you’ll be well taken care of when you apply for a bad credit loan with Zealy. They're simple, flexible and can be obtained online!

Bad credit loans from $1,000

Zeal offers bad credit loans that range from $1,000 to $5,000 which come with flexible lending criteria that allow those with a bad credit rating to access the credit they need.

They have a 100% online loan application, verification and approval system that requires zero paperwork and can even be completed on a mobile device or notepad.

Interest ranges that cater to both good and bad credit

Since Zealy offers such a wide range of interest rates that are tailored to individual credit ratings, those with bad credit can also access a short-term loan when they need it most.

Their interest rates range from 12.99% to 24.99% per annum and their loan establishment fees range between $195 and $395.

Other costs that you will incur are their $2 weekly service fee and a $8.05 fee which is paid to the Ministry of Business.

If you want to opt into their insurance option which is provided by Quest Insurance you can do so at an additional charge.

On a lighter note...

While waiting for your loan to be credited why not enjoy their interesting and informative blog that features articles that tackle everything from last-minute gift ideas to travel and current events.

Zealy – Bad credit loan

  • Loan Type Bad credit loans
  • Interest Rate 12.9924.99% p/a
  • Loan Amount up to $5,000
  • Repayment 12 months to 7 years

Benefits of Zealy

  • Get a bad credit loan without security
  • Easy online loan application
  • Repay your loan early without penalty fees

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.

Don’t stand a chance with traditional lenders? Give Zealy a try!

When you have a bad credit history many traditional lenders such as the big banks and leading online peer-to-peer lenders will not approve your credit application. This is because to them, you are a high risk borrower and are viewed as being more likely to default on credit agreements. 

Zealy is different. They welcome people with bad credit to apply for the instant loans they require and will do their best to help you get approved. You may not be able to qualify for the best rates they offer but you will receive a fair rate and, have your loan approved. 

Qualification requirements for a bad credit loan

  • You must be aged 22 years or older
  • Be a citizen or permanent resident of New Zealand
  • Have an acceptable form of identity
  • Be earning a stable income
  • You will also need to be able to provide proof of address and verify your income and expenses

Verifying your income electronically

Zealy do not allow customers to upload copies of their bank statements and will therefore require that you allow them to digitally draw 90-days worth of bank statements using their digital bank statement withdrawal system. It is 100% secure and will only give them once-off access to a copy of these statements.

A responsible lender with a big heart

That being said, Zealy is big on responsible lending and will always perform the required credit check as well as to conduct a thorough affordability assessment to ensure you’re not experiencing financial hardship.

This is to ensure that those who are really battling with debt do not worsen their situation by taking out more credit which they will be unable to repay.

If you are ready to apply for a bad credit loan that’s quick and easy to get, follow the links to Zealy’s website and get your application going right away!

man holding thumbs up

Zealy is a trusted & reliable provider of bad credit loans

In our review, Zealy adheres to the compliance criteria in accordance with the Credit Contracts and Consumer Finance Act 2003, where the granting the loan will not cause financial distress to the consumer.

✅ Zealy is a registered credit provider in New Zealand: FSP240365

Customer Reviews & Testimonials

August 2019

I applied for a bad credit loan through Zealy, it was quick and easy

Wayne B
— Auckland —

July 2019

By the time my coffee was done, the money was in my account

Casidy T
— Nelson —

Zealy Contact

Physical Address

Postal Address

  • PO Box 105063, Auckland, 1143, New Zealand

Opening Hours

  • Monday 09:00 – 17:00
  • Tuesday 09:00 – 17:00
  • Wednesday 09:00 – 17:00
  • Thursday 09:00 – 17:00
  • Friday 09:00 – 17:00
  • Saturday – Closed
  • Sunday – Closed