What do you need to apply?
We make applying for your car loan as straightforward as possible. Here's what you need to get started:
- Be a citizen or permanent resident currently living in New Zealand
- Be at least 18 years old
- Provide your after-tax income (weekly, fortnightly, or monthly)
- Have your employment information on hand
- Present valid proof of identity (Passport or Driver's Licence)
The information you provide helps us assess your application and find the right lender for you.
-1.png)
How does it work?
- Apply online. Start your personal loan journey with our straightforward online form. It takes just minutes to get things underway.
- We find options for you. We search our panel of lenders to find flexible options that match your needs, repayment preferences, and financial situation.
- Chasing approval fast. Once your application is in, we review and submit it to suitable lenders, then keep you posted.
- Sorted in no time. Submit everything by midday and, if approved, you could have the funds in your account that very same day. It’s that simple.
-1.png)
Loan Term
We’ll find a timeline that works for your needs – from one to five years.
Loan Purpose
Home renovations, debt consolidation or financial emergency. Whatever you have going on, we’re here to help.
Loan Repayments
The frequency that works for your finances - weekly, fortnightly, or monthly.
Loan Fees
Upfront and ongoing fees spelled out clearly before you proceed.
Loan Approval
Speed varies by case; with full info, same-day approval is possible. We’ll stay in touch throughout while we match options to your credit profile. Approval is subject to lending criteria and affordability assessment.
.png)
.png)
-1.png)
.png)
-1.png)
-1-1-1.webp)
Bouncing back from bad credit
A bad credit loan is for people who’ve hit a few bumps with credit but still need access to finance. Depending on your situation, it could be secured (using something like a car as security) or unsecured. Lenders will still check that you can afford the repayments, and making them on time can actually help you rebuild your credit over time. It’s a realistic option if your credit’s not perfect but you’re ready to move forward.
.png)
FAQ
How does credit history affect loan repayments?
Your credit history plays a big role in how much you’ll pay back on a loan. A strong credit history often means access to lower interest rates and better loan terms, which can reduce your overall repayments. On the other hand, if you have a patchy or poor credit history, lenders may charge higher interest rates to offset the risk — which can make repayments more expensive over time.
Can I borrow money with a bad credit score?
Yes, it’s still possible to borrow money with a bad credit score, but your options may be more limited. better finance™ specialises in loans for people with less-than-perfect credit. While the interest rates might be higher and loan terms tighter, having a steady income and meeting basic criteria can help you qualify. It's also a chance to rebuild your credit by making regular, on-time repayments.
What interest rates apply to bad credit loans?
Interest rates for bad credit loans are typically higher than standard loans due to the added risk for lenders. Your rate will depend on factors like your credit score, income, and loan amount. We’ll always aim to match you with the most competitive option available for your situation.
Are there fees with bad credit loans?
Yes, there can be fees such as an Establishment Fee, Introducer Fee, or ongoing account fees. We'll explain all the fees associated with your loan so you know exactly what you're getting.
What are bad credit loans and how do they work?
Bad credit loans are designed for people with a poor or limited credit history. They work like any other personal loan — you borrow a set amount and repay it over time with interest. Lenders assess your income and ability to repay rather than relying solely on your credit score.
Will applying for a loan affect my credit score?
When you start an application, we run a soft credit check to size up your options - and a soft check doesn't affect your credit score. It's only if you go ahead with a lender, and they run a full credit check, that it's recorded on your credit file and may affect your score. Applying with several providers can mean several checks.
What happens if I can't make a repayment?
Get in touch with your lender as soon as you can - the earlier the better. Missing a repayment may mean fees and could affect your credit score, so keeping the lines open is the most important thing. If you're struggling, many lenders have hardship options and can look at short-term relief or an adjusted repayment plan.
Latest Reads
