Zealy

Zealy offer New Zealanders personal loans that range from $1,000 to $5,000 – with no fuss and, as can be expected from any modern lender, 100% online! Save time and obtain an online loan that caters to your individual needs. 

Rates that cater to all credit levels

From those who have a poor credit rating to those who are frugal with their spending and savvy with their money, Zealy has an interest rate to cater to you.

Their rates range from 12.99% to 24.99% per annum and are fixed for the term of the loan. What does this mean for you?

Before you even agree to the loan, you will know exactly what your loan repayments will be as well as what you loans will cost you overall.

No paperwork and a simple application process online

As a lender that offer smaller online personal loans, Zealy’s offering is centred around providing loan approval in just seconds and credit loans from a few minutes from receiving a signed loan agreement to a few hours.

Their online loan application is paperless which means, no scanning, no copying and filling in paperwork.

Reasons to use Zealy for you next loan

• Loans range from $1,000 to $5,000
• Interest rates are customised to the borrower’s individual credit rating
• A simple online loan application
• No early repayment fees
• Excellent customer service for additional assistance 
• Loan is paid out within minutes after approval
• No paperwork, everything is done digitally
• No security required 
• Insurance may be included but is not obligatory

Insurance to bring you better value

When hard times show up, keeping up with your loan repayments may be too much for you to manage which is why Zealy have partnered up with insurance provider Quest Insurance.

Credit Contract Indemnity Insurance (CCI)

Although taking out Credit Contract Indemnity Insurance (CCI) is optional it can provide customers with peace of mind knowing that their quick loans will be repaid in full in the event of hospitalisation, disablement, illness or death.

Zealy offer quick and easy, no fuss personal loans that start at just $1,000 and can be used for anything including emergency expense, buying an engagement ring or taking a much deserved holiday!

In terms of interest, the rate that you will be offered will be based on your personal credit rating with those that have a good credit score being able to access interest rates on the lower end of the range offered.

Transparent fees and rates

When it comes to transparency, Zealy is certainly ahead of the pack, making it easy for borrowers to see what they are liable to pay in fees as well as interest.

Establishment, broker and admin fees

• All loans will carry an establishment fee of between $195 and $395
• If you were referred to Zealy by a third party, a broker fee of up to $250 may apply
• You will be charged an $8.05 fee paid to the Ministry of Business
• There is an admin fee of $2 per week
• SMS’s reminding borrowers that their account is overdue will be charged at $0.20
• You may also incur insurance costs

Loans for people with bad credit

As long as you meet Zealy’s minimum affordability requirements, they will be able to approve you for one of their short-term loans.

If you’ve missed a few payments here and there or have a poor credit record for whatever reason, Zealy will still be able to assist you with a bad credit loan. Bad credit loans will carry a higher rate of interest due to the higher risk that the lender will have to assume.

Need a larger loan?

Zealy is powered by the Lending People, one of New Zealand’s leading online brokers who can assist customers with loans ranging from $3,000 to $75,000 with loan terms that range from 12 months to 7 years.

Loans can be used for just about anything

As with most short-term loans, they can generally be used for just about any expense or purchase that the borrower wishes to use it for. That being said, using a small loan from Zealy to repay existing debts or overdue bills is not a good idea.