Christmas/New Year’s hours
Our office will be closed from Christmas Day until 9am on Tuesday January 5th.
You can still apply for a loan now, but we won’t be able to process it for you until we’re back in the office.
We hope you have a great break, and we’re looking forward to helping out in 2021.
Best wishes, from the whole team at Pronto!
Cash advanced with our 9 minute guarantee
Our online loans can be cleared and in your account within 9 minutes of you signing your personal loan contract. With the latest digital signature technology you can have access to instant finance on any device throughout New Zealand. And we make sure the fast cash is in your account Pronto with our 9 minute guarantee. Our custom built system has been designed to ensure Kiwis have access to quick loans and it’s available for all customers who complete the application form online during business hours and bank with a major New Zealand bank (ANZ, ASB, BNZ, Kiwibank, Westpac). If our quick cash same day loans don’t live up to our 9 minute guarantee, we’ll make your first repayment for you.
There’s no one more qualified to tell you about our service than our own customers. So here are their unfiltered reviews as collected by Shopper Approved, an independent third party review site.
Faster loans with our digital signature technology
Our quick online loans are available all over New Zealand. You can digitally sign your personal loan contract on any device.Using your smartphone, tablet or computer you can digitally sign your contract and get one of our quick loans NZ wide with everything done online. Our same day loans are made to be easy so you can get instant finance Pronto.
With our mobile technology you're able to get your finance now, backed by our 9 minute guarantee cash advance. You can get your fast mobile loan NZ wide and enjoy faster, fairer finance!
Responsible lending
We make sure all of our customers are comfortable with their loans and capable of repaying them. Every loan complies with our responsible lending principles.
Frequently asked questions
If you’re wondering how our quick online loans work, and what you need to apply for finance now; we’ve made a list of the common questions our customers ask.
Covid-19
We understand a lot of our customers are being affected by the ongoing Covid-19 pandemic. Please email us if you have any questions about repayments and the options available.
Costs of borrowing
Annual interest rate (AIR):
This is set between 11.97% and 29.97% depending on your client rating. This is our own unique system that looks at hundreds of pieces of data to reward safer borrowers and give them a lower annual interest rate. The rate is always fixed for the life of the loan so you know how much you have to repay before you sign the loan contract.
No early repayment fees:
We promise to NEVER charge a fee for early repayment. When you customise your loan using our sliders, you can choose how much you want to repay each week, fortnight or month. Unlike a lot of lenders we encourage you to pay as much as you can reasonably afford, because you will save on interest and get the loan paid off sooner.
Establishment fee:
This is the fee for receiving, processing and advancing your loan. It’s a one off fee that applies to all personal loans (both new loans and refinances). It is included in your repayments.
Loans of $200-$499: $130.
Loans of $500-$999 : $230.
Loans of $1,000-$20,000: $330.
Administration fee:
This is the fee charged to cover the costs of administering your loan. It includes the processing of payments, all customer enquiries and updates, provision of balances and regular statements. It is $3.96 per week, but only charged while your loan is active.
Default fee:
This is only payable if your loan is in default. It is payable daily, but charged weekly. The default fee covers the costs to the company for loans that are a higher risk, due to being in arrears and is $0.97 per day while the loan is in arrears.
Default interest:
This is the default interest rate for the portion of your loan that is in default. The Annual Interest Rate for the default interest is 9.95%, however this is not charged on the total balance of the loan, only the balance in arrears.
Faster, Fairer Finance with Pronto
Our quick loans give you access to instant finance anywhere in New Zealand. With our 9 minute guarantee cash advance and annual interest rates from 11.97% you can get faster, fairer finance now!
Using our custom built financial technology we offer personal loans to all types of New Zealanders. To do this we combine a range of data sources with a comprehensive credit check and bank statement analysis to ensure all of our loans meet our strict responsible lending criteria. By doing this we’re able to help out all types of Kiwis, whether you’re full time employed and looking for finance now or you’re after beneficiary loans in New Zealand. A big part of our assessment with every new loan is the comprehensive credit check. So if you’re looking for bad credit loans in NZ, then it’s unlikely to work out with our Client Rating technology.
Using our advanced technology not only allows us to offer fairer loans to more New Zealanders, it also ensures we can approve loans faster than other lenders. And we back this up with our 9 minute processing promise.
Once your loan is approved you can sign your easy loan contract on any device using our digital signature technology.
This means you can even get a same day loan with our 9 minute guarantee on your mobile, so you can have the cash now and get on with your day.
We think we’ve got one of the fastest payment systems for quick loans in NZ. But we’re not just fast with our same day loans, they are also fairer.
Our unique Client Rating technology not only ensures we only approve loans for customers who will be comfortable repaying them, it also allows us to reward good customers with lower interest rates. We think it’s only fair that clients who have less risk, should pay less interest.
We’re also determined to make paying your loan off as easy as possible. So we never charge a fee for early repayment. You can actually save yourself money by paying your loan off earlier than scheduled. So if you’re after a low cost loan, you can take advantage of our low interest rates and combine it with early repayment to reduce the total cost of borrowing.
Don’t waste your time with slow NZ bank loans or complicated peer to peer personal loans, where you sit around waiting for approval.
Get a quick loan from Pronto with our faster, fairer finance now! And see why so many of our customers give us a 5 star rating in our independent reviews.
Find out just how quick cash can be in your account with Pronto NZ by applying online in less than 4 minutes.
Google AdWords Financial Services Policy
Beside our Costs of Borrowing above, we have provided a representative example of the total cost of a typical loan as well as an Annual Percentage Rate (APR) showing different costs of our loans.
Your loan contract will clearly show all costs involved with your loan, as required under New Zealand’s Credit Contracts and Consumer Finance Act. Under that Act, your disclosure statement shows an annual interest rate (AIR) as a percentage and that rate is made up only of the interest. It does not include credit fees.
However in order to comply with Google AdWords Financial Services Policy, we have detailed the APR below.
In our sample loan, if you borrowed $5,000 and repaid it over 52 weeks, the total amount you would repay would be $6387.14 This is made up of $851.22 of interest, $205.92 of administration fees and $330.00 for the establishment fee (as above).
Under the Credit Contracts and Consumer Finance Act the maximum Annual Interest Rate (AIR) is 29.97%.
However, when we include credit fees in the calculation for the percentage it gives us the APR. The maximum Annual Percentage Rate (APR) is 27.74%.
Pronto Finance has a minimum loan term of 26 weeks (182 days) and a maximum loan term of 5 years (1825 days). We also require the weekly repayment amount to be at least $20 or more to ensure you repay the loan within a reasonable time frame and don’t pay unnecessary interest and fees, but we will always allow you to repay your loan early with no prepayment fees.
You can view an example of our standard credit contract and disclosure statement here. Or if you would like an individual loan quote please call us on 0800 543 718.