Our online personal loans can be cleared and in your account within 9 minutes of you signing your loan contract. Using the latest digital signing technology you can get instant finance on any smartphone, tablet or computer. And the fast cash is in your account Pronto! You can get one of our easy online loans NZ wide.
Our 9 minute guarantee ensures you get your finance now. 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 rapid 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.
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.
If you’re wondering what you need for a loan with Pronto, or how our online loans work, we’ve made a list of the common questions our customers ask.
It’s important to consider all options before making any financial decision. We’ve listed a few things you might want to think about before choosing to apply for a personal loan.
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.
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.
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: $160.
Loans of $500-$999 : $260.
Loans of $1,000-$20,000: $360.
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 $4.09 per week, but only charged while your loan is active.
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.
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 17.5%, however this is not charged on the total balance of the loan, only the balance in arrears.
We use advanced financial technology to provide quick loans. You can apply in less than four minutes and you don’t have to print or scan anything, because with Pronto you can do everything electronically.
Our online loan system allows us to approve loans faster than other lenders. And we back this up with our 9 minute processing promise.
Once approved you can sign your easy loan contract using our digital signature technology. There is no printing required, you can get your instant finance on your smartphone, tablet or computer. With our online loan system you can sign your contract on any device and you can do it anywhere you want for quick loans NZ wide.
Get your same day loan with our 9 minute guarantee, so you can 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.
We use a unique Client Rating technology, created by us to reward good customers with low 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. By paying back your Pronto loan faster, you pay less interest.
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 your cash 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 loans are with Pronto NZ by applying online in less than 4 minutes.
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 we give you the APR example to comply with Google AdWords Financial Services Policy.
In our sample loan, if you borrowed $5,000 and repaid it over 52 weeks, the total amount you would repay would be $6428.69. This is made up of $856.01 of interest, $212.68 of administration fees and $360.00 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 28.57%.
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.