What to expect when applying for a Good Loan
We follow the government’s Responsible Lending guidelines, which means that before you commit to a loan, we have to make enquiries so we can be
Our no interest Good Loans are designed to help New Zealanders with limited incomes purchase essential household goods and services.
Good Loans
Focused on long term financial wellbeing
What are these loans for?
The above is a guide only. Your Good Loans Advisor can discuss loan purposes with you. Loans are not for cash or existing bills.
Our DEBTsolve programme combines specialist debt coaching and advocacy with debt solution loans for unmanageable debt.
Who are these loans for?
You may be able to apply for a no interest loan if your yearly income is less than the amounts listed in the table below:
These amounts are a guide only.
These thresholds are current as at 1 April 2022 and are subject to change.
Our loans are designed to help New Zealanders with
limited incomes improve their quality of life
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.
How do they work?
1. ASK
Ask about our loans by contacting your Good Loans Advisor. Find yours below.
2. APPLY
Choose which loan is right for you, then fill out the paperwork with your Good Loans Advisor.
3. ASSIST
Your Good Loans Advisor will assist you with your options (including managing existing debts).
4. ASSESS
The loan provider will assess your application & make sure your loan payments are manageable.
5. APPROVE
If approved, the supplier is paid directly for your item.
How much will I need to pay?
Repayments are examples only. Approved purchases only, paid directly to suppliers/creditors (no cash loans).
“The repayments process is great, it’s all automatic so I don’t need to do anything. The affordability has been spot on. To be honest, I haven’t even noticed the repayments.”
Call your local Good Loans Advisor
If you are not able to visit your provider in-person, please contact our phone-based team
Repayments are examples only. Approved purchases only, paid directly to suppliers/creditors (no cash loans).
*Good Loans lending and affordability criteria apply.
**DEBTsolve loans may be provided alongside debt coaching and advocacy as part of our DEBTsolve Programme.
Related
How Good Loans helped with Aaria’s busy life
Single mum of three, Aaria*, works nights, which means her car is essential to provide for her family while also maintaining their everyday routine. “My
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