Do I qualify?
Wondering whether you're eligible for a SMB loan? You've come to the right place.
You need to be
A New Zealand citizen or permanent resident.
18 years old or over
You need to have
Active bank account (for at least one pay cycle).
Regular and consistent income electronically transferred into your bank account regularly. Your net income (income after household expenses) must meet the minimum requirement of $400 per week, ensuring a stable financial situation.
A valid email address.
An active mobile phone.
Verified identification.
What we consider in your application
Spend less (generally) than you earn and have bank account balances that increase over time.
Enough cash surplus to cover your regular expenses, including mortgage/rent/board, food, utility bills, medical expenses and transport after making any debt repayments, including this loan.
Don’t have large amounts of debt (e.g. credit cards, personal loans or other short-term loans).
History of making payments on time.
Not charged late fees regularly, overdraft, or insufficient-fund-related fees.
Credit history to produce a credit score.
No collections on your credit report that are currently delinquent have past due amounts or have been moved to collections.
Not bankrupt.
