How our loans work

• You need to be a New Zealand citizen or have permanent residency.
• Be in paid employment from which you earn $450 or more after taxes each week.
• Be aged 18 years or older.
• Have a bank account that’s been open longer than 3 months and have your wages direct credited by your employer.
• Two contact phone numbers.
• Not currently be Bankrupt, under an SIO or NAP.
• You must be able to demonstrate good spending habits and the ability to repay a loan without experiencing undue hardship.
• Pass an affordability and creditworthiness assessment.

• Photo ID – Must show clearly: Full Name, Date of Birth, A Photo of your face and your signature. This can be a Drivers Licence or Passport.
• Proof of address – This can be a copy of a utility bill showing your name and address.
• Access to your own Internet Banking.

• First you will complete our fast and simple online application.
• Keep an eye on your emails as our loan officers may be trying to contact with further requirements.
• Once fully approved we will email you a final set of loan documents accurately aligned with your paydays and instructions on how to accept the final agreement.
• Once we have received your “Loan Acceptance Response” we will transfer the funds into your account.
• If your application is declined we will send you an email to that effect.

For returning customers, short-term loan applications are fast and easy.

• Our online returning customer application process is fast and easy.
• Head to Returning Customers
•  to apply as a returning customer.
• You will need to have completed at least one Cantwait.com loan.
• You will need to CWL client number and email address to re-apply.

Sit back and relax, before your direct debit is due we will send you a reminder email and each pay period we will direct debit the payment due from your nominated bank account.

If you want to repay your short term loan early, simply contact us by emailing manager@cantwait.co.nz before 10am on the relevant date. You will only pay interest on the actual days that you have had the short term loan.