Income $500/week, you can get loans of NZCU South up to $50,000

With low-interest loans starting at $ 1,000 (maximum of $ 25,000), NZCU South will set up your own repayment plan, so you don’t have to worry about exceeding your financial capacity. In addition, the quick application process to get Loans of NZCU South helps you avoid queues, complex paperwork and reduce financial worries that may occur during uncertain times.

Income $500/week, you can get loans of NZCU South up to $50,000

In the previous post, introduces people to some of the necessary information that is useful for getting the loans of Harmoney, to get more information people can read the article Four steps with some requirements to get loans of Harmoney NZ. Now, let find knowledge about loans offered by NZCU South in the post today.


Just like a lot of article posts about quick cash loans, personal loans for bad credit, fast loans New Zealand, personal loans for bad credit…. this post about the loans offered by NZCU South also includes some main parts. They are:

1. Some types of loans of NZCU South 

Personal loans. You can use a personal loan from NZCU South to fund anything, such as home improvement, a holiday or even a boat. They offer low-interest personal loans across New Zealand and strive to personalize your money and repayment terms. You can borrow up to 10 years at a competitive interest rate, with refunds appropriate for your unique financial and budget needs.

Debt consolidation. If you are having trouble keeping track of all your credit products, such as credit or hire, NZCU South can help you simplify your life with debt consolidation loans. It makes you only have a monthly payment and can save you a lot of interest.

Vehicle finance. As one of New Zealand’s leading providers of financial vehicles, NZCU South can help you make purchases earlier. In addition, with pre-approved loans, you have cash available for better bargaining. Specializing in vehicles, the team provides quick and financially appropriate loans, including repair loans, to help you get back on track sooner.

2. The interest rate and fees of the loans offered by NZCU South

  • The minimum personal loan period for repayment is 6 months
  • Maximum personal loan period to repay is 120 months
  • Minimum personal loan percentage (APR) is 9.95% p.a.
  • Annual personal loan percentage (APR) of 20.95% p.a.
  • Personal loan application fee – $ 245.00
  • Personal loan security fee – $ 50.00.

Example of a $ 10,000 personal loan at 13.95% p.a.

  • The loan registration fee is $ 245.00
  • The $ 50.00 loan guarantee fee (if any) is added to the loan. 
  • The interest rate is 13.95% p.a.
  • The repayment amount is $ 100 per week.
  • The term for personal loans is 2 years and 4 months.
  • The total interest is $ 1763.52
  • The total cost of the loan is $ 12,058,52.
  • Annual financial / Percentage ratio (API) is 16.60% p.a. (including fees)

3. Some requirements to apply for a loan from NZCU South

Before registering this loan, please confirm that you meet the following criteria:

  • Minimum age. You must be over 18 to apply.
  • Residence status. You must be a New Zealand citizen or permanent resident. It may also approve for you to borrow if you are a non-resident with your current work visa.
  • Income. You must earn at least $ 500 weekly.
  • Job requirements. NZCU provides loans to people in many job situations. Therefore, you must work, full time or part-time. If you are in a random contract, you must work at least 20 hours a week or if you are a temporary worker, you need to give proof of the certified work record.
  • Work benefits and income. If you receive benefits from Jobs and Income, they must be permanent for you to qualify.
  • Address. You need to have a fixed or fixed address, be it the owner or the tenant. If you rent, you can still qualify if you are sharing property and/or living with your parents. NZCU South also uses the time you live at your current address to assess eligibility.
  • The co-borrowers. You can register a loan with another person.

Information and documents

  • Identity. Please make sure you have proof of your identity, for example, a valid current driver’s license or passport.
  • Credit report. As a responsible lender, NZCU South requires you to have a satisfactory credit report.
  • Income. You need to provide details about your current income and its source on the form.
  • Debts and existing costs. When you apply, South New Zealand requires details about your current debts and your regular payments.

This post is the information of loans offered by NZCU South. Also if you are looking for information about the loans of Heartland Bank, please refer to the Customers can choose any types of loans of Heartland Bank link we just provided in the previous article.

Anita (Team Content) – Loans of NZCU South