Apply for a Private Personal Loan Online in 5 Easy Steps

Looking to finance an unforeseen expense, a trip or consolidate debts? Why Not offers an ideal solution with its personal loan solution. Unlike conventional bank loans, Why Not promises more flexible terms, prompt approvals, and competitive interest rates. So, how can you get your hands on this personal loan? Follow these five straightforward steps:

1.0 Check Your Eligibility

  • Before delving into the application process, ensure you align with Why Not NZ’s essential criteria:
    Must be a NZ Citizen, Permanent Resident, or currently living in New Zealand on a Work Visa.
  • Be above 18 years of age.
  • Have a valid NZ Driver’s Licence or Passport for identity verification.
  • Possess some form of security for the loan, such as a vehicle or property.

2.0 Examine Loan Alternatives

Understanding your options is pivotal. Use online tools like loan calculators and comparison charts to weigh different loan aspects like the amount, interest rate, fees, and more. With Why Not, you can secure loans ranging from $1,000 to $20,000. Interest rates fluctuate between 8.95% to 29.95% p.a., influenced by your creditworthiness and financial status. You can also choose your loan tenure (from 6 months to 5 years) and set repayment intervals as weekly, fortnightly, or monthly.

3.0 Swift Online Application

Our efficient online application takes merely two minutes. Fill out the form on our website, providing basic personal and financial details. The intuitive design ensures a hassle-free experience, letting you get closer to securing your loan with ease.

4.0 Submit Required Documents

After the submission, you’ll need to furnish certain documents to validate your identity and financial standing.

These include:

  • A valid NZ driver’s license or passport.
  • A recent payslip or bank statement showcasing your income.
  • Utility bills or other address proof.
  • Bank statements detailing your last 90 days of transactions.

5.0 Approval and Fund Transfer

Why Not supports a rapid response time, processing most applications within an hour thanks to out streamlined approach. Upon approval, you’ll receive a transparent loan contract detailing all terms and conditions. Once reviewed you can electronically sign the agreement and the loan amount will be promptly transferred to your bank account, usually within one business day.

Why Not is more than just a lender; we are a trusted partner.

With over 15 years of experience, they offer clear repayment terms, flexibility, and unmatched customer service. Their commitment to transparency and convenience ensures you’re always in the know, without any hidden surprises. Ready to make a start? Begin your application journey by visiting our application page here.