Online Finance

Tips for Applying for Online Finance

When you apply for a loan or online finance you don’t know for sure whether you’ll be approved or not, but your applications will leave a footprint on your credit rating. An online finance application is subject to the same rules as an in-person application, so if you don’t want to risk a negative mark on your file, pay attention to these tips.

How a Credit Check Can Affect Your Loan?

Don’t apply if you know your credit rating is on the floor All bad credit, in a lot of ways, is bad credit, but there are different levels of bad. It may be that you defaulted on loans in the past and you’re working your way out of the mire. You may have unsuccessfully applied for a few loans or credit cards recently and your creditors see this as a red flag. Look at your credit rating before you apply for a loan and if it needs improvement, you know what to do.

How much salary do I need to get a loan or online finance?

Make sure you have enough income If your lender sees that you’ll have difficulty servicing your debt and paying for your living expenses, you’ll be turned own (and rightly so). Most Online lenders, Moola included, have a minimum level of income that they’ll consider so see if you match up or not before applying.

Want To Apply For a No Credit Check Loans NZ in 2018?

Don’t apply if your reasons aren’t credible. Be honest about your reasons for the loan. If you need to buy important equipment, make some home repairs or take a training course then your application will be taken more seriously. Borrowing money to pay off other loans or to go on holiday will probably get you a big fat no. Likewise, if you already have quite a few loans and credit cards, you may be seen to be stretching your resources too thinly.

Make sure your details are all correct

Responsible Lenders will verify all your details, even in online applications, so if there’s any inconsistencies, you’ll be nixed.

You have a patchy job history

If you’re in and out of jobs all the time (including being self-employed) or you’ve had long periods out of work then many lenders will be reluctant to offer credit.

You don’t have much collateral

Lenders like to see that you have something to use as collateral, usually a property. If you don’t have much in the way of collateral then you may be rejected.

Just be honest

Never be tempted to lie about your circumstances or your reasons for needing the loan. The acid test is to ask yourself if the loan will have long-term benefits; if it does, then it’s a decent reason.

Lying on a loan application isn’t boxing clever, it could actually land you with a fraud prosecution or you may have your loan recalled.

Need up to $5,000 fast?
Check out our TVC
Getting ready...
* WARNING: This loan breakdown and repayment estimate is true only for the example selected. Different terms, fees or loan amounts will create different results. There are no penalties for early repayments.

Why Choose Moola?

Borrow ${{lowestLoanAmount}} to ${{higestLoanAmount}} from {{Config.MinimumLoanNumberOfDays}} to {{Config.MaximumLoanNumberOfDays}} days.
Apply in under 5 mins and you could get cash within 60 mins.
We tell you all the costs and don’t hide fees.

What You Need

Be connected
You must have a cell phone, email address and computer access as we’re a 100% online loan provider.
Be employed
You must be in ongoing employment and not bankrupt. We don’t lend to self-employed or beneficiaries.
Have a bank account
You must have an active bank account where your pay gets credited into on regular paydays.
You must also be over 18 and pass our employment checks along with other standard criteria here.

What people say

"It happens as quickly as they say - 1hr and plenty of communication ensure I know what's happening. Polite and friendly staff."
Clare Wade
"Urgently needed cash on the day. Couldn't get a loan anywhere else because of credit rating. Applied and got the money the same day!"
Trusted Customer
"Always had a great experience, from returning for loans to them being very flexible with my repayments."
Ngareta Taviliniu
"All problems and queries were sorted out in a timely fashion."
Rex Wilson
"Very prompt service. Awesome :) would definitely tell others."
Nikki Williams
Fast and quality service
"Fast and quality Service. No dodgy business."
Trusted customer
Great experience
"Excellent and quick service."
Deborah Pitout
Very helpful
"Very helpful, Moola staff went above and beyond to make my loan happen. Thanks so much:)"
Dean Straker
"Fantastic and very fast service, very happy."
Kurt Weber
Hassle free
"Couldn't off been easier excellent service answered all my questions."
Ross Swensson
Super service from a super team
"The team were very helpful and fast as always. I’m very grateful to everyone who’s helped me at Moola. They always give a top effort."
Ross Swensson