What's a Personal Loan?
At Teensy, our Personal Loans range in size from $1,500 up to $5,000 with competitive interest rates from 22.95% to 29.95% per annum and flexible repayment terms from six months to two years.
You can use your personal finance loan for almost anything you can imagine so when you need us, we’ve got your back with one on one service to walk you through the loan process.
What types of Personal Loan are there?
At Teensy, we can help people like you get funds with either a secured or unsecured personal loan.
Secured loans are when you use an asset like a car or home as security. This could help get you a bigger loan at a lower interest rate.
An unsecured loan doesn’t need you to provide any security, and while it can have a higher interest rate than a secured loan, we’ll work hard to get you the loan that best suits your needs and repayment abilities.
How much can I borrow?
Teensy’s Personal Loans range from $1,500 right through to $5,000. Use our Loan Repayment Calculator to help estimate what repayments you can afford.
The amount you can borrow will depend on your personal situation, such as your income, weekly expenses, and credit history.
Who can get a Personal Loan?
Our Personal Loans are for private individuals (ie. not for business purposes).
You must be over 22 years of age and a New Zealand Citizen or Permanent Resident.
You will need to be able to show income to prove you can service the loan. This needs to be from permanent employment and your minimum income per week must be more than $400 after tax.
Unfortunately, we do not offer personal loans to the self-employed or anyone whose main income is from WINZ or IRD.
Please note you will need to be able to provide Photo ID to apply – eg. Drivers Licence, Passport or NZ Firearms Licence.
Need a fast and easy little loan? We can help!
We aim to look at all new applications within 60 minutes of receiving them, or faster. As soon as your loan is approved we can issue the loan documents immediately for signing. This is completed 100% online (including signing them) using the latest software and quality IT partner companies to make the flow of information as quick, painless and secure as possible.
Once we receive back your signed loan docs we will put the funds in your account that day (provided all documents are received before 4pm that day).