Wallet Wizard is part of the Credit Corp Financial Solutions family. We are an innovative lender that utilises its many years of experience in the financial services industry to deliver a range of products sought after by customers from all over New Zealand and Australia. We offer loans to people in a wide variety of circumstances to suit their individual situations.
We welcome all applications because we think everyone should be able to apply for a fast cash loan. Go on, apply for an online loan with Wallet Wizard and get a super fast decision!
We welcome applications from everyone and use our clever loan engine to work out if a loan will be approved. Approved customers are offered a few loan alternatives so you can select a repayment amount which works for you.
All you need to get a fast cash loan is:
• Your internet banking details (if you want a super-fast decision) or bank statements that cover at least the past 90 days
• Two types of identification (choose from your driver licence, passport number or NZAA Automobile Association membership)
• Your bank and branch code and account number (so we know where to deposit your money)
• The details of any credit contract you may have repaid in the last 90 days
• Plus all the usual stuff like your name, date of birth, address and employment information and details of your other loans and expenses.
Wallet Wizard is a responsible lender, so yes, we perform a credit check. But don't worry, we take all of your information into account when making a decision, so if your credit history is a little shaky, don't despair. Apply for a Wallet Wizard loan now to see if you qualify.
The provider of the electronic statement service, Yodlee, doesn't pass your account log-in details on to us, we don't store them and we don't have the ability to do anything else to your accounts once you've had your statements sent to us... Rest assured, this is just a service that saves you the hassle of doing it the old-fashioned way. For more information about use of Yodlee is contained in our Terms and Conditions.
You can supply your statements manually if you like, but this just means that your application may take longer than normal. By supplying them electronically (the step that asks you to input your internet banking credentials) our decision engine can do all of the hard work. If you supply them manually, one of our team members will have to help the decision engine a little bit and that can delay how quickly we can give you an answer.
It really depends on what you are looking for. We don't know what you would like to borrow or what you want the money for until you tell us. We process your application and if you are approved we will tell you the amount that we have decided you can borrow up to. We even offer you a few amounts in most instances so that you have some choices. We won't offer you a loan greater than the amount you've applied for unless you tell us that you wanted more before final approval.
From time to time our team need to perform a few extra checks. Don't worry, these checks help us comply with our commitment to being a responsible lender and we will only do them if they are needed to get your application fully assessed. Also, if you have supplied your documents manually, it can take longer too... Log-in to the Members' Area to see an update on the progress of your application.
Sometimes, employers want you to let them know that you're OK with us confirming information needed to complete our assessment. That's all.
You don’t need to worry about a thing. We’ll set-up automatic repayments by direct debit. The money will come out of your bank account on the day that payments are due.
For loans of $2000 or less, an Annual Interest Rate of 75% applies to the loan.
For loans over $2000, an Annual Interest Rate of 36% applies to the loan.
We’re here to help you, not stress you out! There’s no fine print or hidden costs. Everything is set out on our list of fees and charges. Apply for an easy loan with us today.
If you get in touch before your payment is due and make appropriate arrangements to make that payment, you won't have to pay a late payment fee. Simply contact us in advance. But if we don’t hear from you before your payment is due and you aren’t able to meet your repayments, you are probably going to have to pay the full fee. If the repayment gets too overdue, we might place a default on your credit file. This could remain there for up to 5 years. Heavy stuff right? That's why it is best to make sure you make your payments on time. If you do get into trouble it's always best to contact us to discuss your situation.
It is safest to ensure that you have left the money in your account on the due date for the whole day.
Most major banks will put the funds into your account in under an hour from when we transfer the cash. From time to time it can take a little more (up to 3 hours) but we find it is safest to wait at least 2 hours and check again before contacting us.
We've rigorously tested this, and the answer is "no". We don't want to bore you with banking procedures (who has time for that?) but each bank processes our request differently and can take more than a couple of minutes.
Our decision engine has returned a maximum approval amount of less than what you have applied for... This can happen sometimes.
This just means you will have to decide if the amount you're being offered is right for you and fits what you need the cash for. Ensure you read the contract for the amount you are being offered to ensure it meets your requirements.
The cut off for paying out the money for approved loans is 3:30pm. However, if you missed it today, you'll have the money the next business day.
Just be upfront and honest about your situation and income and make sure there’s enough money in your account when repayments are due. If you don’t have enough money in your account, contact us before your payment is due. All of the terms and conditions of your contract are set out for you to read before you agree to the loan. You should be sure you understand your responsibilities before you accept. Apply for a fast loan with Wallet Wizard today.
Once your loan has been repaid, you can reapply for a loan whenever you need extra cash. You can log-in to the Members' Area at any time to see if you are eligible to apply and how much you can apply for. Alternatively, if you’re a little short on funds, you may be able to top up your loan amount with us.
Generally, the repayments are set when you enter the contract. However, from time to time we can consider changing some of the repayment terms. Contact us to find out more.
Wallet Wizard takes a bunch of information into account when making a decision. Unfortunately we can't always provide you the exact reasons that your application resulted in a decline. However, if your situation changes, you can still log-in to the Members' Area and apply again to see if you qualify.
Important Borrower Information
Here is some important information for anyone considering taking out a loan.
High-cost credit contracts, such as this, should not be used for long-term or regular borrowing and are only suitable to improve short-term cash flows.
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 Code of Responsible Lending 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.