With SMARTCASH you pay the cheapest lending rate from any specialist online payday lender in New Zealand. That’s because we want you to be able to take out a loan from us that you are able to pay back within the loan period.
Our daily interest rate ranges from is 0.55% to 0.99% depending on the term of the loan.*
We charge:
You pay nothing more to get your cash in your account on the day after your loan is approved, unless you want your cash within 60 minutes of approval of your loan (in which case, there is an additional $10 fee).
*Our daily interest rate of either 0.55% or 0.99% depending on the term of the loan amounts to an annual interest rate (AIR) of 200% and 361.35% respectively, though you never pay this.
When you borrow from us, you need to repay your loan within the number of your pay periods that you select. If, for any reason, you are having difficulty making your repayments, it is important that you contact us prior to the scheduled payment date. We will then work with you to reach a solution which is acceptable to us, and manageable for you. Each change to a payment amount or date that we agree with you will incur a rescheduling fee of $20.
If we do not hear from you and you do not repay your loan on the agreed terms, you will be in default of your loan contract. We charge a missed payment fee of $30 if any agreed scheduled payment defaults. You continue to be charged interest at our standard rate on the outstanding principal sum and fees, until the loan is repaid in full. See our Terms and Conditions for further information.
Please go to Your Questions for further important loan information.