Unfortunately during the level four lockdown, we’re unable to approve new loans. Our team will be back in the office once alert levels change and we’ll be able to process new loan applications at that time.
If you need to contact us please email firstname.lastname@example.org and we’ll respond as soon as a team member can get to it.
If your main source of income is a Government benefit, then it’s often really hard to get a low interest beneficiary loan in NZ. A lot of banks and finance companies won’t lend to beneficiaries, however at Pronto we look at a range of factors with each application, and if you meet our affordability requirement and standard lending criteria, we can approve beneficiary loans NZ wide with our 9 minute processing promise.
The key with all of our loans, is that we use a broad range of data to create our Pronto Client Rating, so if you’re a beneficiary with a good credit history and low fixed expenses, we may be able to approve your beneficiary loan.
The best part about our loans for beneficiaries, is that we don’t charge the unfairly high interest rates that pay day lenders charge. All of our loans have a fixed interest rate, based on the applicants client rating, and the repayments are always set at a figure we know you can afford.
Our loans give beneficiaries the cash to achieve their goals. Just because your main source of income is from a benefit, does not mean you cannot afford to repay a loan. We understand this, and with our strict lending criteria, ensure that beneficiaries with a good credit history and strong affordability aren’t penalised by unfair lending practices or high interest rates that are seen with some payday lenders.
You can use a beneficiary loan for a whole range of things. Including;
Repairing or maintaining your car. This is often a big cost, and when the unexpected happens you need the cash to repair it. We understand that car repairs often come out of the blue and you simply don’t have the cash on hand to cover it. And the difference between having a car a not having one is huge. Whether it’s getting the groceries, dropping the kids to school or heading to a job interview, having a car is a necessity for a lot of kiwis. So if you need a fair beneficiary loan to cover this cost, we’re here to help. Just apply online and we’ll get straight back to you.
Moving house is another expensive exercise. There’s the bond required before you move, alongside moving costs and any extra furniture or appliances once you’re into your new home. Our quick loans give you access to cash when you’re moving into a new house, so you can get set up in no time.
Family emergencies are another situation a lot of us find ourselves in, where we need access to quick cash. So our loans give you the ability to get finance fast and set up a regular, affordable repayment with a fair fixed interest rate, so you know exactly what you have to repay before you sign the loan agreement.
There are a number of different people on benefits in NZ. Whether you’re on an unemployment benefit and looking for a small loan to help you while looking for a new job, or you could be on a sickness benefit and need assistance with medical costs. We realise that not everyone qualifies for WINZ loans, so if you meet our lending criteria, we may be able to help out. It’s really important that whatever your unique situation, you make an informed decision before applying for a loan.
We strive to be the best lender in New Zealand and a big part of that is ensuring that every loan we approve meets our strict responsible lending criteria. Our advanced system will assess all of your income and expenses, and we will only approve beneficiary loans where we can clearly see that you’ll be able to afford the repayments without any chance of causing financial difficulty. If you have any questions you can give us a call, and our site also has a range of budgeting tips that may help out.
At Pronto we offer two types of loans, secured loans and smaller unsecured loans NZ wide.
A secured loan is one that uses a vehicle for security, which provides an extra level of certainty to the lender. As a result, the borrower usually gets a lower annual interest rate. The good news with secured loans in NZ, is that the borrower doesn’t have to actually give the car to the lender, they just have a security interest in the vehicle should the loan not be repaid. The full details of this can be seen in our example loan contract.
An unsecured loan is available to customers with a very good credit history, and often attracts a slightly higher interest rate. At Pronto we offer small unsecured loans to beneficiaries, but do require a perfect credit history and low fixed expenses to ensure there is a large amount of affordability. Our Pronto Client Rating is used to determine whether a beneficiary qualifies for an unsecured loan, with repayments being tailored to each borrowers unique financial situation.
Take a look at the process when applying for a loan online. You’ll need to add your income and expenses into the application form and then we will verify this when analysing your bank statements. Or check out our Facebook page for handy budgeting tips.