“Bad Credit Loan” understands that sometimes you need money faster than others. With our 30 minute same day Fast Payment option you can be assured our specialist team will handle your request promptly. We value your business and appreciate your referrals.
We guarantee that within 30 minutes of notifying you of your loan approval we’ll issue instructions to our bank to make payment to your account.
Don’t worry – if you have selected this option earlier in the day or for any reason we have been unable to provide notified approval before 4.30pm, we will simply waive the fee and process your loan using the standard overnight service.
This service operates on banking days during standard business hours – For loans with the 30 minute same day Fast payment option selected that are applied for after 4.30pm or on weekends, we will process promptly on the next banking day.
Different banks can take longer to process than others but we can promise that we have issued the instructions – if you find that their transfer time is excessive please contact our help desk so we can ensure there has been no hiccup at our end.
We have had great speed from the following banks – ASB, ANZ, BNZ, HSBC, Kiwibank, National, Westpac. Unfortunately, at this stage, the following banks do not support same day Fast payments – Rabo bank, Co-operative, TSB, PSIS branches of the BNZ or Credit union branches of Westpac.
This service is optional – if your loan is approved and you are happy to wait for the standard end of day process then this service is not required.
What are the charges for Same Day Fast Payment?
A small fee applies. Please refer to our cost of borrowing page for more details.
What are the Limitations?
We can not control how fast your bank acts on our instruction. Funds typically appear in the following time frames:
- ASB – within 30 minutes
- BNZ, HSBC – within 60 minutes
- ANZ, Kiwibank – within 120 minutes
- Westpac – within 150 minutes
This is our standard method of delivering your loan – cleared funds are transferred into your account overnight for FREE.
Overnight transfer of cleared funds into your bank account
What are the charges for Overnight Payment?
FREE. No payment fee applies.
What do customers have to complete to receive the funds by Overnight?
All required paperwork (including where applicable a signed loan agreement, direct debit form and requested supporting documents (if any)) must be received no later than 4.30pm Monday to Friday (excluding public holidays) in which case we will usually be able to make payment to you that night. In very rare circumstances payment does not occur until the following working day.