Personal Loans in Napier & Hastings

Payday loan, bad credit loan, cash loan? What personal loan is right for you?

A personal loan can help you get money when you really need it. Whether it's for a holiday, a  new car, renovations or just some new furniture, this may be the right solution for you. Whether you are looking at 'bad credit loans', cash loans or payday loans, there are a range of personal loans available, so it's important to understand what type of loan and terms you are getting yourself involved with.
 
Personal loans are available through banks, credit unions, and loan ‘shops’. It is important to select the right lender for your situation and that’s where we can help. Understand the difference between a secured personal loan and an unsecured personal loan as well as the intricacies of the terms of the loans available.
 
Top tips for managing personal loans

1. Always ask yourself if you really need to borrow the money. Could you cut your spending and save instead?
2. Make sure you understand all the fees that may be charged and avoid nasty surprises.
3. Be careful borrowing from lenders who take your personal property as security. If you get behind in payments they could claim your household goods. 
4. Know when your payments are due and make sure you have the money to cover them. Be particularly wary of bad credit loans, cash loans and payday loans, as they may have harsher payment terms.
5. If you're borrowing money for household basics get free debt counselling from your local Budget Advice Service.
6. Avoid being a ‘guarantor’ for other people's loans. If they don’t pay, you will have to.