Everything you need to pay is listed right here on this page and in your Smart Loan contract. No hidden fees, no catches and no surprises. Many lenders charge large establishment fees, monthly flat fees and fees for just about everything else, but not us! Our simple approach makes our loans easier and cheaper. See it for yourself:
Establishment fee: $12
Annual fee: $0
Service fee: $0
Credit Limit Increase fee: $20
Over Limit Fee: $0
Manual payment fee: $0
Your repayment is based on the amount borrowed. Once you’re approved you will be able to review your offer and your weekly, fortnightly or monthly repayment.
You’ll be reminded about your repayment 3 days before it’s due. We notify you via text and by emailing your statement to you 3 days before it’s due to be debited from your nominated account.
If the outstanding balance of your account is less than the minimum repayment amount, your minimum repayment will be the outstanding balance. Simple.
Use the calculator above to see the regular repayment for the Credit Limit you want.
The Annual Percentage Rate (APR) for new loans effective from 30/01/2019 is 47.8%.
Important Borrower Information
Here is some important information for anyone considering taking out a loan.
When entering a credit contract you are agreeing to the financial schedule, terms and conditions, privacy disclosures and often an agreement to debit funds from your bank account. You should ensure you have read and fully understand the information in that contract before accepting or signing.
If you are unsure about whether you require a loan today or you would like further general information, you can access some on the NZ Government’s website www.sorted.org.nz
Wallet Wizard adheres to The Responsible Lending Code and encourages its customers to be familiar with The Code of Responsible Borrowing. You can find a copy of these codes at www.familybudgeting.org.nz
Wallet Wizard refers to these resources as a part of our commitment to socially responsible lending. Wallet Wizard does not claim or imply any relationship or endorsement by the NZ Government in providing the links to these resources.