Low-Cost Lending That’s Fast Too!
- We say yes more often!
- More options for more chances of success
- Fast, fair, affordable Second Chance Loans
Why East Bay Finance
Bad Credit Loans NZ
East Bay Finance uses low cost lenders that provide second chance loans. Having a less than perfect score isn’t a dead-end.
As long as you can provide a reasonable explanation for your credit history, and can afford to meet your loan repayments, we may still be able to help you. Best of all:
- We’re a low cost lender so our interest rates are fairer too
- We move fast to get your loan approved sooner
Bad Credit Loans NZ
You may need a second chance loan for all sorts of reasons:
- Paying Bills
- Bond and Moving Costs
- Emergency Loans
- Car Loans For Bad Credit
- School Fees
- Medical and Dental Expenses
- Vet Expenses
- Consolidating Debts
- Wedding Loans
- Funerals
- Personal Loans
East Bay Finance
Affordable Loans
Loans can only be approved if they are affordable, this will help you to meet your repayments on time and improve your credit score.
We can arrange loans at low interest rates, and over long loan terms if needed.
We hope to offer you an approval that is suitable to budget.
East Bay Finance
Is Security Required?
ot necessarily — whether security is needed depends on your particular circumstances. We offer both secured and unsecured loan options, even for people with a poor credit history.
Whether or not you need to provide security will depend on your financial situation, but we can provide options for most.
What Kind of Security Is Accepted?
Collateral must be something of value that the lender can legally claim and sell if necessary. At East Bay Finance, common types include:
- Real estate / property
- Vehicles (cars, trucks, etc.)
But we’re also open to negotiating other forms of collateral depending on circumstances. The key is that the asset must be acceptable to the lender, have clear ownership, and be able to be repossessed if things go wrong.
Yes, we provide
Same Day Loans
Same Day Loans are one of our specialities, and if you apply early enough we could get your loan to you today.
This depends on how many other loans we are processing at the time and if we have all the information we need from you.
Bad Credit Loans
How Easy Do You Make It?
If you’re in need of a cash loan the last thing you want to do is muck around with complicated loan documents, and scan and upload forms.
Our application form is fast to fill in and the entire process is handled online or over the phone.
We’ll provide you with a link to view the last three months of your bank statements, so that it’s easy too. We offer unsecured and secured loans for bad credit.
East Bay Finance
Poor Credit History?
Just because you have a poor credit history doesn’t mean you don’t have good low-cost lending options.
Don’t feel you need to take out a loan from a high-cost loan company. Many people with poor credit look for “no credit check loans”, but they are not the answer. We can help you get your finances back on track with an open, honest assessment.
We help most borrowers secure low credit score loans and bad credit personal loans. Try us and see what we can do for you. We can provide solutions for most financial situations.
East Bay Finance
Bad Credit Loans NZ FAQ's
Bad credit means having payment defaults (overdue by 30+ days) or other negatives on your credit report—these can stay on file for up to five years in NZ.
You can request a free credit report from Centrix, Equifax, or illion. To view your actual score, you may need to pay a small fee or use services like Credit Simple that provide this information.
- Make every repayment and bill payment on time.
- Keep loan and credit card balances as low as possible.
- Limit the number of new credit applications you make in a short period.
- Review your report regularly and correct any errors you find.
For a more information read our comprehensive guide – Credit Scores Explained: What Affects Yours and How Responsible Borrowing Helps
Yes. At East Bay Loans we assess the bigger picture, not just your credit file. Even if you’ve had defaults before, you could still be approved—provided you meet responsible-lending requirements and can show repayments are affordable.
Once you’ve provided the necessary paperwork, we can usually give you an approval decision within 1–2 hours*. If approved, funds may be paid out the same day subject to responsible lending criteria.
Your rate is tailored to your circumstances, such as your credit history and whether security is offered. Secured loans start from 9.95%, while unsecured loans begin at 11.95%.*
*Subject to responsible lending checks and criteria
For unsecured loans, East Bay Loans can provide up to $75,000, subject to checks on affordability. If you secure the loan with an asset, you may borrow up to $150,000—or sometimes even more.
Secured loans are backed by assets such as property or vehicles. This lowers the lender’s risk and often means:
- Lower rates and fees
- Higher loan amounts (up to $150,000 versus $75,000 unsecured)
Unsecured loans don’t require collateral and are based mainly on your income and credit history, usually leading to higher rates and lower borrowing limits.
Yes. Because a secured loan is supported by collateral, lenders face less risk and may approve borrowers with a weak or limited credit history. At East Bay Finance, we help arrange secured loans for clients with bad credit—up to $150,000*, starting from 9.95%, with decisions in as little as 1–2 hours and same-day funding*.
*Subject to responsible lending checks and criteria
Collateral generally includes any valuable asset that can be sold if repayments aren’t made. At East Bay Finance, property and vehicles are the most common forms of security, though we’re flexible and can work with you to find acceptable options.