In New Zealand, most Nectar Money customers are paid the same business day once their loan contract is e-signed and ID checks are complete. Payments run during NZ business hours and are processed up to 5.00pm weekdays. On weekends/public holidays, payout is typically the next business day.
1) Apply online (~7 minutes) – get a personalised quote (soft check, no score impact).
2) Review – We will do a final review of your application, contact you if need be, and if approved, send you a loan agreement.
2) Accept & e-sign – once you approve the final offer, we can release funds.
3) We pay out in NZ business hours – if you sign before 5.00pm weekdays, we aim to pay the same day.
Tip (speed)
Complete your application, be ready if we need to contact you, and e-sign your loan contract before 5.00pm. Keep your phone handy for ID checks and any quick confirmations.
*ID verification is not complete
*After-hours signing (after the 5.00pm cutoff)
*The loan contract is not completed properly,e.g email and phone number of contacts are not completed correctly.
When you sign: Weekday, before 5.00pm→ Expected payout: Same business day
When you sign: Weekday, after 6.00pm→ Expected payout: Next business day
When you sign: Weekend or NZ public holiday → Expected payout: Next business day
*e-sign your loan contract and ensure contact details are completed correctly
*If you are a new customer to Nectar Money, complete electronic identity verification
*Have photo ID ready (NZ driver’s licence or passport).
Q: Do you pay out on weekends or NZ public holidays?
A: No—standard transfers settle on NZ business days. If you sign then, payout is the next business day.
Q: Does checking my rate affect my credit score?
A: No. The quote uses a soft check; a hard check occurs when you accept the final loan.
Q: How long does the application take?
A: About 7 minutes on mobile or desktop.
Q: How long does the whole process take?
A: It can take as little as a few hours from application to payout. Providing complete and accurate information, being available if we need to contact you, and e-signing your loan contract/completing ID verification promptly will ensure the process runs quickly.
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* Nectar Money offers competitive unsecured personal loan rates with fixed interest rates from 9.95% to 29.95% p.a., based on your credit profile. A $240 establishment fee and $1.75 administration fee per repayment apply. Strong Credit borrowers may qualify for low, competitive rates from 9.95% to 16.95% p.a.; Good Credit borrowers may qualify for rates from 16.95% to 22.95% p.a.; and Fair or Developing Credit borrowers may qualify for rates from 24.95% to 29.95% p.a. The broad range helps Nectar offer low interest rates to borrowers with excellent credit, while also providing loan options for more New Zealanders, including borrowers with fair or developing credit profiles. Learn more here.
All loans are subject to responsible lending checks and standard borrowing criteria. Please see our privacy policy and rates and terms, or visit our FAQs for the most up to date information. This publication is provided for general information purposes only and does not constitute legal, tax, financial, or other professional advice from Nectar Money. It is not intended as a substitute for obtaining advice from a financial adviser or any other qualified professional. We make no representations, warranties, or guarantees, whether express or implied, that the content in this publication is accurate, complete, or up to date.
