Often a loan is needed between paydays for those unexpected expenses or opportunites that you need to take advantage of quickly. The good news is, you are able to get a payday loan multiple times, just not all at once.
If you’ve never had a Moola cash loan you’ll love how easy it is to apply and how fast you’ll get the money in your bank account. As long as you’re a New Zealand citizen or resident who’s over 18, not bankrupt, have a job, a cellphone, a bank account, an email address and access to a computer you’re probably eligible.
We like to start off easy though; lending a smaller amount first time around for a payday loan from Moola. But after that, depending on your net income per week, you can borrow up to $5000. Just use our simple online loan calculator to work out exactly how much you can borrow.
Now, you might be a bit wary about repayments getting out of hand. Good for you, that’s something worth caring about. We do. At Moola we don’t want you to take on something you can’t handle so we’ll only lend you 30% of your income. We can check this when we contact your employer or payroll to confirm your details. FYI, this can be the biggest hold up in getting approval so letting them know we’ll be in touch will help speed things up.
We’ll still do this even if you’re a returning customer; we just need to double check you’re still in permanent employment. This is the quickest way of verifying your eligibility which means faster money for you. Also, we take fraud seriously and these checks ensure no one else is using your details to fraudulently obtain a payday loan.
If you need another you can apply as soon as the final payment on your last payday loan has been reconciled from your bank account, generally about 9am the following day. Remember though, your payment can take two business days to clear so if you want another loan that same day get in touch with your bank and ask them for a bank clearance letter to confirm the payment cleared.
You can also get a Moola payday loan if your partner already has one with us, just so long as you have a separate bank account, cell phone and email address, and meet the other general criteria.
Now, while we’d love to help out everyone every time, we assess each payday loan on it’s own merits so we don’t guarantee approval just because you’ve had one before.
Like the sound of how easy getting a Moola payday loan can be? Apply now and within 60 minutes of approval that money will be with you.