Can’t get a small loan anywhere? Swoosh Finance is a direct lender for small cash loans in NZ ranging between $2,100 – $5,000. Whether you need to get some quick cash for car repairs, finance renovations, or just a top-up for the weekend, we’re here to help. Even if you have bad credit! Apply online to borrow a small amount of money today.
What are small personal loans?
Swoosh provides secured small personal loans starting from $2,100 that are paid back in instalments over the course of 12 months. Once your loan application is approved, the money gets sent to your account that very same day!
Get a small cash loan online
Getting approved for a small secured loan from Swoosh is easy. Apply in just three simple steps, and you could have the money in your bank account today:
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Complete our online loan application in just minutes.
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We review your bad credit loan instantly.
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Electronically sign the contract and the money will be deposited directly into your bank account the same day!*
*For contracts returned at or after 4pm (NZDT), funds will be transferred overnight.
Apply online today
Eligibility
As long as you meet our simple loan requirements, you can apply for a quick online loan today! Our loans are available to kiwis who are:
- Be at least 18 years old
- New Zealand permanent resident
- At least 3 months of regular income*
- Own a vehicle registered in your name**
*Minimum of $350 per week
**Vehicle will be used as security for the loan
Check eligibility
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What can I use a small personal loan for?
You can use a small online loan for anything you need or want, including:
You can use your small personal loan to cover any costs, including:
- Unexpected bills
- Home improvement
- Travel and holidays
- Flights and transportation
- Training courses
- Car repairs
and more!
How do small personal loans work?
Our Small Cash Loans are designed to be both quick and easy. Fill in our online form, upload your bank statements, and we’ll assess your eligibility for a cash loan right away. Once your application is approved, funds are transferred within the hour. Our easy repayments will be automatically debited from your account for the next 12 months, meaning you can get on with the important things in life.
- Weekly
- Fortnightly
- Monthly
Rates and fees
Swoosh Finance is all about simple, easy finance. That’s why we’re upfront about our rates and fees. You know what you are dealing with before you make any decisions.
Interest is calculated daily, based on the outstanding balance, and is applied monthly to your account. Our small bad credit loans have fixed interest rates, so you know exactly how much you’ll be paying for the entire loan term.
If a scheduled payment is returned unpaid, we may issue a $40.00 debit dishonour fee. This fee is not subject to interest, though you’ll continue to pay the usual interest charges as described.
| Loan amount | $2,100 – $5,000 |
| Fees: |
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| Annual Interest | 48% |
| Term length | 12 Months |
|
Debit dishonour fee (if a scheduled payment is returned unpaid) | $40 debit dishonour fee may be issued if a scheduled payment is missed or returned unpaid |
| Repayment options | Weekly, fortnightly or monthly (based on your paydays) |
Keep in mind that you may incur additional fees each time you miss a payment. As a result, this may also affect the length of your loan.
How much can I borrow?
You can get a small cash loan between $2,100-$5,000 with Swoosh Finance. The process is hassle-free, 100% online, with fast approval. Apply in minutes and get the cash in your bank account today!
Small cash loans FAQs
Like any finance, small loans can be both good and bad depending on your situation. They can be an accessible source of finance for people not eligible for loans from banks or other lenders. But they also tend to come with higher interest rates, which makes them a more expensive option.
As a responsible lender, we need to review your application to ensure you are reasonably able to repay it. We aim to get this review and approval process completed as fast as possible – sometimes within the same hour that you apply.
We want our small loans to be accessible to anyone in NZ who needs one. We cannot offer guaranteed approval but with our simple lending and eligibility criteria, we are able to help a wide range of Kiwis. Even for people with bad credit!
A small personal loan can potentially help you to improve your credit rating. But it can also have a negative impact on your credit rating. As long as you manage your debt responsibly, for instance, by making payments on time, your credit score should improve over time. Learn more about how your credit score is calculated.
