With the cost of living high and the economic conditions uncertain, many people find themselves in need of some extra cash.
If you’re searching for “unsecured personal loans nz”, you may be in need of additional financial support.
Fortunately, unsecured personal loans can be a viable option for those looking to borrow money without any collateral.
These loans can provide the funds needed to cover various expenses, whether it’s for car repairs, home renovations or even a dream holiday.
What is an unsecured personal loan?
An unsecured loan is a type of personal loan that is not backed by any collateral.
Unlike secured loans, such as a car loan or a mortgage, where the borrower needs to provide an asset as security, unsecured personal loans do not require any form of security.
This means that you do not need to put up your house, car, or any other valuable asset as a guarantee to obtain the loan.
Benefits of unsecured personal loans
Fast approval process
Unsecured personal loans in NZ are very easy to apply for, and it doesn’t take us long to get approval.
You can quickly access the funds you need, which could be a real lifesaver when you’re hit with unexpected expenses or emergencies.
Immediate financial support is just a few clicks away!
Flexible use of funds
Unlike some other loan types that might have restrictions on how you can use the money, unsecured personal loans give you the freedom to use the funds however you want.
Whether you need to consolidate debt, renovate your home, cover unexpected expenses, or even plan a holiday, these loans have got you covered.
As long as you’re using the money for legal purposes, it’s all up to you!
No risk of losing assets
One of the great things about unsecured personal loans is that you don’t have to stress about losing your assets if you can’t pay back the loan.
There’s no need for collateral, so you won’t have to worry about losing your house or car if you miss some payments.
It’s a huge relief for borrowers who don’t want to take any risks with their assets.
How much can I borrow with an unsecured personal loan?
At East Bay Finance, we provide fair and affordable unsecured personal loans up to $75,000, with interest rates starting at 9.95%*.
Depending on your finances, we can offer secured loans up to $150,000.
We structure your loan for affordability and provide repayment terms from 6 to 84 months, giving you breathing room and avoiding financial pressure.
Curious about how much you can borrow? Give our free loan calculator a whirl!
*Subject to responsible lending checks and criteria
What Personal Loan Interest Rate Can I Get?
Finding the lowest-cost personal loan with the lowest interest rate is a priority for many borrowers.
However, with numerous options and various loan providers available, it can be challenging to determine the best approach.
At East Bay Finance, we simplify the process by searching different lenders to secure the most favourable deal for you.
This eliminates the need for multiple applications, which can potentially harm your credit score.
Keep in mind that the interest rate you qualify for depends on your financial situation.
With East Bay Finance, personal loans come with personalised interest rates starting at 9.95%*.
*Subject to responsible lending checks and criteria
How Quickly Can I Get An Unsecured Personal Loan?
East Bay Finance makes everything super easy with our online application process, so you don’t have to deal with all the hassle of long bank processes and pesky paperwork.
When you complete our simple 2-minute loan application, we get straight to work finding you a great deal from our network of low-cost lenders.
Our unsecured loans get approved quickly, usually on the same day, provided you meet our responsible lending criteria.
Don’t worry, though – we just need to make sure you can make your loan repayments, so we’ll send you a secure link to access your bank statements online.
It’s a quick and painless process, trust us!
*Subject to responsible lending criteria.
Can I get an unsecured personal loan with bad credit?
If you’re concerned about your bad credit history, don’t worry. We specialise in bad credit loans and we’ve got you covered.
Our friendly team is here to help, so don’t hesitate to reach out if you’re wondering if you can get a personal loan with bad credit.
No matter how unique your situation may be, we’ve seen it all before and we have solutions that can work for you.
There’s a lot of reasons why someone may have a poor credit score, but that doesn’t mean they should be denied financial assistance.
Our main goal is to understand our clients’ circumstances and give them a second chance.
In fact, we often help people with poor credit by offering them debt consolidation loans.
By combining all their debts into a single loan with lower monthly repayments spread over a longer period of time, we can ease some of the financial pressure.
This not only makes it easier for them to make payments on time, but it also helps them rebuild their credit score.
Why Choose East Bay Finance
East Bay Finance is not your typical lender, we do things differently.
Our lending process is super simple and straightforward, taking away all the headaches that usually come with getting a loan.
As a loan broker, our main aim at East Bay Finance is to find the best loan terms for you, tailored to your unique circumstances.
We’ll do all the hard work, so you don’t have to. We have great connections with our lending partners, so you can trust that we’ll be in direct contact with them on your behalf.
It’s worth knowing that East Bay Finance, which is a part of Loansmart, holds a Financial Advice Provider License from the Financial Markets Authority and is also an associate member of the Financial Services Federation.
This means we’ve got the expertise to give you trustworthy and unbiased advice that always has your best interests in mind.
