Emergency Loans

1. What is an emergency personal loan?

An emergency personal loan is a fast, unsecured loan designed to cover urgent expenses. You apply online and, if approved, funds can be paid quickly to help with things like car repairs, medical or dental bills, vet bills, essential home repairs or catching up on priority bills. Nectar offers emergency loans in NZ with fixed repayments and no early repayment fees.

2. How do Nectar emergency loans work?

Apply 100% online and get a personalised quote in about 7 minutes. We assess your income, expenses and credit history as part of responsible lending. If approved, you’ll receive an electronic contract to sign; once signed during processing hours, we aim to pay funds the same day.

3. How quickly can I get an emergency loan?

Most people receive a personalised quote in ~7 minutes. If approved and you sign your loan contract during processing hours, we aim to pay funds the same day. Timing may vary if we need extra information.

4. What counts as an emergency expense?

Common examples: car repairs, medical or dental costs, vet bills, urgent travel, essential home repairs (e.g., hot water cylinder), or catching up on priority bills. If the expense is necessary and time-sensitive, an emergency loan may be suitable.

5. Do you offer small emergency loans? How much can I borrow and for how long?

Yes. You can apply to borrow $2,000–$40,000 with terms from 6 months to 5 years, subject to lending criteria and affordability checks.

6. Do I qualify for an emergency loan?

As a guide, applicants must be18+, an NZ citizen or permanent resident, have a regular after-tax income (around $350+/week), valid NZ driver licence or passport, and no serious unpaid defaults or recent bankruptcies. All applications are subject to responsible-lending checks.

7. Will applying affect my credit score?

As part of responsible lending, we may check your credit. This won’t directly affect your credit score. Making on-time repayments can help build your credit over time.

8. Do you offer instant approval?

We provide an instant personalised quote in about 7 minutes. Final approval follow verification and affordability checks. If approved and signed during processing hours, we aim to pay the same day.

9. Are emergency loans easy to get?

Eligibility depends on your income, expenses and credit history. We’ll give you a fast online quote and guide you through any documents needed so you can move quickly and responsibly.

10. Can I repay early or make extra repayments?

Yes — you can repay early or make extra repayments at any time, and there are no early repayment fees. Paying off your balance sooner reduces the total interest you pay.

11. How do I apply, and what do I need?

Apply 100% online. Have your NZ driver licence or passport, internet banking access (fastest), and details about your employment, living situation and finances. The system verifies your information securely to speed things up.

12. Can I top up my emergency loan later?

You can apply for a top-up anytime as long as your account is up to date. A top-up adds new funds to your existing balance and may adjust your loan term. All top-ups are subject to affordability checks.