No Fees, No Charges | Focused on Long Term Financial Wellbeing | Friendly & Community Based
What are these loans for?
The above is a guide only. Your community loan worker can discuss loan purposes with you. Loans are not for cash or existing bills. Debt consolidation is available as part of our DEBTsolve programme.
Who are these loans for?
You may be able to apply for a no or low interest loan if your yearly income is less than the amounts listed in the table below:
These amounts are a guide only – if you are eligible for a Community Services Card you may also be able to apply.
These thresholds are current as at 1 April 2020 and are subject to change.
limited incomes improve their quality of life
“When you can’t eat what you like, everything is very bleak & dark. The loan has made an enormous, huge difference.”
– Maria, paid for dental work.
“I really liked that they made sure I would be able to keep up with the repayments and not be left in financial strife.”
– Nicky, bought a used car.
“My daughter has health problems & has to go to hospital. Now I’ve got a vehicle to take her to the medical centre.”
– Billy, bought a used car.
NO INTEREST LOANS
LOW INTEREST LOANS
- $300- $1,500 at 0% interest p.a.
- $1,500 – $5,000 at 6.99% interest p.a.*
- Debt consolidation loans up to $10,000 at 6.99% interest p.a.**
- Up to three year term
- Repayments are worked out based on your budget and what you can repay
- No fees or charges
How do they work?
Call your local community loan worker
Or enquire online
StepUP Loan only – If you are offered a loan you’ll have 30 days to confirm the item(s) you intend to purchase and provide evidence as to the cost. Approved purchase only, paid directly to suppliers/creditors (no cash loans).
*BNZ terms and conditions and lending criteria apply.
**Loans for debt consolidation may be provided alongside debt coaching and advocacy as part of our DEBTsolve programme.