FAQs

FREQUENTLY ASKED QUESTIONS

What type of Cash Loans do you offer?

Our loans range from $500 to $3,000 and can be repaid over a term of 3-12 months. These loans may be appropriate for a number of situations; including car repairs, unexpected doctor / dentist / vet bills, to pay off a more expensive loan or to consolidate several higher interest loans.

Contact Us / Opening Hours

How can I contact you?

Phone: 0800 227 484
Fax: 0800 001 477
Email Address: service@zethus.co.nz
Postal Address: P O Box 11187, Ellerslie, Auckland 1542

What are your Opening/Processing Hours?

We are open during standard business hours:

Monday:         8.30am – 5.30pm
Tuesday:         8.30am – 5.30pm
Wednesday:   8.30am – 5.30pm
Thursday:       8.30am – 5.30pm
Friday:            8.30am – 5.30pm

Unfortunately, we do not operate on Public Holidays.

All supporting documents must be received no later than 2.00pm in order for us to process your application on the same day.

If you apply for a loan over the weekend, your application will be reviewed on the following business day.

Before You Apply

What should I consider before taking out a loan?

You should complete a personal budget, you could use free budgeting services such as, sorted.org.nz or Citizens Advice Bureau.

You should only borrow what you need and make sure you can meet the required repayments, without putting yourself into any form of financial hardship.

How do I qualify?

To pre-qualify, you need to meet the below criteria:

  • You need to be at least 18 years old and a NZ citizen or resident currently living in New Zealand;
  • You need to have been permanently employed with the same employer for at least 3 months;
  • For our loans, you need to be earning at least $350 a week (after tax) excluding government benefits;
  • Your pay needs to be credited on a regular basis into your own NZ bank account that has been open for at least 3 months;
  • You are not currently Bankrupt, under a No Asset Procedure or Summary Instalment Order;
  • You have access to the Internet and a mobile phone.

Please note this is a guide only – in certain circumstances we may not be able to offer you a loan.

Can I apply if I am unemployed?

We are only able to lend money to New Zealanders who could repay the loan without experiencing financial difficulties.

Can I apply if I am self-employed/ working part-time?

As long as you receive a regular income that meets our income thresholds after tax ($350/week) that is direct deposited into your bank account, you may still be approved. However, we review these loan applications on a case-by-case basis.

Can I apply if I am a beneficiary?

Provided you have a regular income, you may still qualify for a loan. We are mindful of ensuring any loan will be able to be repaid without undue hardship.

What if I don't have my own bank account? /Can I use a joint bank account?

To qualify for a loan with us, you need to have your own NZ bank account with your wages paid directly into that account.

You can use a joint bank account, as long as your name is on it and we can clearly see your income being paid to that account and you confirm it is a one signature signing account.

Do I need security?

No, our cash loans are unsecured – your assets are not tied to your loan.

What are the main reasons I may not qualify for a loan?

  • If you are under the age of 18;
  • Not currently living in New Zealand or not a New Zealand Resident or Citizen;
  • Not receiving a regular income into your bank account;
  • Earning less than our minimum income thresholds;
  • Not working at your current job for the 3 months or more;
  • Are currently bankrupt, under a Summary Instalment Order or under a No Asset Procedure.
  • Our responsible lending processes indicate that the loan may not be affordable for you or could place you in to hardship.

How much money can I borrow?

We offer loans of $500 – $3,000 to be repaid over a term of 3 – 12 months.

Please note that the maximum amount is partially based on your income after expenses. As a responsible lender, we will only lend a percentage of your regular income – partially based on how much you earn and how much you have left after expenses. This loan affordability check will form part of your online application process.

You will be able to see an indication of how much you qualify for, before accepting any loan agreement. The quickest way to check is to refer to our loan calculators located on our home page.

Can I apply for a loan over the phone?

Unfortunately, not. We require that all loan applications be submitted online, via this website. The online application ensures accurate information is relayed to us, which allows for speedy processing of your loan application. Please contact us if you are having issues on our website, we will be happy to assist you.

What if I am paid in cash?

Your pay must be consistently deposited into your own NZ bank account.

Do you do credit checks?

Yes, for loans of this size and duration we do need to do a credit check to assess and ensure the affordability of your repayments. However, this is only a part of our loan application review process and is not the only information we consider.

Do you need to contact my employer or payroll department?

Yes, as responsible lenders and to ensure you can afford our loans we may call your employer to verify any information provided during your application process.
We normally only do an anonymous call to your employer during the application stage, but we reserve the right to do a full employer check. This may include contacting your payroll to request any information which may help speed up the processing of your loan application.
Should you default on your loan, your referees and employer may be contacted, but usually only if we can’t contact you or make a suitable repayment arrangement.

How many payday loans can I have?

Being a responsible Financial Services Provider, we give one loan at a time and only one per household.

When can an application be made?

An application can be made online by you at any time, 24/7. You do not have to wait for anything to apply for a loan with us. However, we will only be able to process your application during business hours.

What is the maximum term I can extend my repayments over?

The maximum term of a loan with us is 3 – 12 months.

What if I have past bad credit history?

If you have had issues with your credit in the past – such as defaults, judgments and collections – you may still be approved for a loan provided all responsible lending criteria has been met.

However, your application will be declined if you are currently Bankrupt or have come off bankruptcy or SIO within the last 6 months.

If I previously had a loan and fully repaid it, can you decline my loan request next time round?

We understand you may have had and repaid a cash loan with us previously, but to be responsible, we need to take into account your ongoing financial position at the time you apply for a loan. Therefore, every loan application is treated on an individual basis.

Application Process

How do I apply?

  1. The whole application process is done online. This means you will need to have internet access, your own mobile phone and your own NZ bank account number to apply.
  2. Experiment with our calculator to find out what combination of loan amounts and number of repayments best suit your financial needs. Once you have decided what term, amount and number of repayments you would like, click the Apply Now and fill out our online application form.
  3. If you have filled this out, read and accepted the contract and click submit, you will then receive an email outlining the short set of documents we require to process your application.
    Supporting documents include; At least the latest 90 days of bank statements, Valid Photo ID, Selfie, recent Proof of Address and statement of accounts for any short-term loan you wish to consolidate.
  4. Once our lending team have received your documents, they will process your application and will provide you with an outcome shortly thereafter.

How long is my application valid for?

An online application submitted through our website stays valid for 3 days.
If we do not receive all required documents by the end of the third day – we cancel the application on the morning of the fourth day.
This is because the loan contract that was generated in your online application can only stay valid for 3 days.
We make several contact attempts via phone call, email and text during the 3 days your application is valid to follow up on any missing documentation we require to process the loan.

What if I want to cancel my application?

If you have applied but decide that you do not require the funds anymore, please contact us to cancel the loan application. This can easily be done if we haven’t yet paid the loan to you.

What paperwork (supporting documents) do we require from you?

Simply scan and email the requested documents. No printing, signing or faxing required.

We require:

  • Latest a minimum of  90 days of Bank Statements
  • Valid Photo ID (Passport, NZ Driver’s Licence, 18+ Card or Firearm’s Licence)
  • Proof of address (less than 3 months old)
  • A selfie of you holding your Photo ID (see our guide)
  • A statement of account for each short-term loan you may be wishing to consolidate

Any other document we may request for us to be able to validate the information provided by you

Why do you need all that information on the application form?

We need basic information from you to confirm details, and administer the loan responsibly.
The most important information we require is:

  • Your income details: So we can ensure you are only borrowing an amount you can afford to repay!
  • Your physical home address: To confirm your residence in New Zealand.
  • Employment status: To help us confirm your eligibility.
  • Pay cycle and the date of your next pay: This allows us to set up your direct debits correctly.

I applied for the wrong amount/dates - what do I need to do to change it?

If you have changed your mind on the amount that you require or realised you made a mistake , you will need to contact us to cancel your current loan application. We will then advise you when you can go ahead and reapply by filling in a new loan application form for the desired amount within your eligible limit via the Client Login section using your login details.

How long does the application process take?

We strive to review all loan applications within 60 minutes of receiving all of the required paperwork (8.30am – 5.30pm, business days only).
Any delays in getting your paperwork to us will delay the process.

How do I get my documents?

You will electronically sign your loan contract and direct debit form online. A copy of these documents will be emailed to you for your reference once you submit the application.

How do I get my paperwork to you?

You can scan or take photos of the documents with your smart phone and email them to us, upload them using our online upload facility or fax them to us.
See here for our contact details.

How do I know if you've received my documents?

Once your loan application has been submitted successfully, you should be able to log in to your account and under the ‘Loan Status‘ tab you will find our tracking system.
This will let you know what documents we have received and what documents we are still waiting on.
Normally, you should hear from us within 60 minutes of sending all the required documentation.

How long will it take for me to receive my loan?

We can only offer one payment type: Overnight Payment: (Standard and Free of charge)

How do I apply if I am a returning customer?

If you are a returning customer, getting a loan is quick and easy. Simply Log into your account and submit a new application by entering the loan amount and number of repayments.

Repaying Your Loan

What if I want to cancel my approved loan?

You have the right to cancel the loan at any time. Interest and fees will cease being charged following full repayment. There are no additional costs for cancelling your loan.

Please refer to your Loan Agreement for full terms and conditions or see a sample Loan Agreement here.

How do I pay my loan back?

It’s easy – we set up an automatic direct debits for your convenience, to make deductions from your bank account when you get paid.
You have to ensure the required cash is available in your bank account as agreed.
The total due will then be deducted from your bank account automatically on the repayment date(s).
The dates are typically aligned with your payday. All payment dates will be clearly stipulated in your loan agreement.

Can I repay the loan early?

There are no fees or charges for you to pay your loan off early. You can pay back as soon as you are in a financial position to do so. Interest is charged on a per day basis, so you will actually pay less, due to the reduced interest from your early repayment.

We encourage our clients to make early repayments wherever possible.

Please contact us to arrange this, especially if you have a Direct Debit due (as we will not know whether to stop it or if you are simply making an extra payment on top of your Direct Debit).

Can I change my repayment dates?

If for some reason you are not able to make a repayment on time or you decide you want more or less repayments, then you can contact us and we can look into adjusting your repayments – adjustments are looked at on a case-by-case basis. We must be notified at least 24 hours before the day that your direct debit is due; otherwise we cannot guarantee that the payments can be amended.
Please note:
There is a small fee for this adjustment as set out in your loan contract.
We cannot do adjustments on first loans and are unable to do more than one adjustment on Monthly paid accounts.

My bank account has changed for my direct debits. What do I need to do?

  1. We will need you to update your bank account, either by clicking the “update any changes” link of your login account, or by contacting our customer service team either by email or phone.
  2. We will then need a bank statement showing your new account number, and that the new account is in your name, and with your last two pays on it.
  3. We will issue you with a new Direct Debit Authority form to sign before we can make the change in the system.

We will need to know about updating the bank account number at least 24 hours before the date that you have a direct debit due; otherwise we cannot guarantee that the account will be changed.

If you are applying for a subsequent loan, please make sure you have updated your bank account number prior to applying.

Managing Your Account

When will you take the money out of my account?

Our direct debits are taken out on the dates stated on your loan contract. These dates must be in line with your pay dates (i.e. if you select the 10th of the month, then we will direct debit (generally in the early evening) on the 10th).
We will contact you to adjust the date selected if it does not coincide to your pay date.

Will my payment be direct debited on a weekend or public holiday?

If your payment date falls on a weekend or public holiday, then we will attempt to direct debit on the following business day.

How do I reset my password if I have forgotten it?

Unfortunately we don’t keep your passwords on file for security reasons, so you will need to head to the returning customers tab and reset it by entering your email address into the reset password box.

You will need the mobile you applied with to receive our SMS Authorisation Code to reset your password.

If your mobile has changed, or you haven’t received the code after ten minutes, then please call us and we will happily assist in resetting your password.

How do I update my information if I move or change contact details?

Please advise us of any change to your contact information by logging in to your account online and clicking the “Update Personal Details” in the ‘My Account’ tab.

How do I update my information if I change my employer?

Please advise us of any change to your contact information by logging in to your account online and clicking the “Update Personal Details” in the ‘My Account’ tab.

For employment changes we will need the new contact details for your new employer and will require a bank statement showing your last two deposited pays to verify your new base income.

Please also advise us if your pay date changes, so we can amend your direct debits too.

What happens if I default or miss a payment?

A default fee will apply for every missed or failed payment and will be added to your existing loan balance.
You can find information on these fees in your loan contract or on our cost of borrowing page.

If you contact us early to arrange a make-up payment within 48 hours, we may be able to remove or reduce some of the default fees and interest.

Please click here for assistance on what to do.

When do you issue a wage deduction?

We will only use the wage deduction authority on your loan contract as a last resort if you seriously default on your repayments. If you miss one payment and contact us to sort out the payment, then we will not send off the wage deduction.

However, if you repeatedly miss repayments and do not make timely contact with our office to make alternative arrangements, then we may send off a wage deduction authority.  We will inform you of this action before doing so.

General Questions

I can't open my documents

You may need a PDF Reader installed on your computer – you can download it for free from www.adobe.com.

Is your online Bank Verification tool safe and secure to use?

Absolutely!
We provide a 256-bit bank level encryption of data, creating a ‘read only’ service – this means we cannot make any changes or transactions on your accounts. Once the data has been loaded, the connection to the bank is closed immediately.

We have also had our service independently tested by an industry leading security service.

We do everything we can to ensure that only the best level of security is safeguarding your important information.

What do I do if I have Repayment Problems?

You should contact us as soon as you can; as default fees and/or default interest may apply for missed or failed payments. Please click here for assistance on what to do.

How do I make a complaint?

We strive to provide a quality service to all of our customers. However on occasions things don’t always go smoothly, but don’t worry we will endeavour to put things right.

As a responsible lender, we are a member of an independent dispute resolution scheme operated by Financial Services Complaints Limited (“FSCL”) and approved by the Ministry of Consumer Affairs. There is no cost to you for lodging a complaint.
FSCL generally does not deal with complaints about fees or interest charges unless such fees and/or interest charges are not in accordance with your loan agreement.
Please click here for information on our complaints process and details on our independent dispute resolution scheme.

How do I apply to claim Financial Hardship?

You are eligible to apply for unforeseen substantial financial hardship if:

1. You have not been in default for more than 2 months; and
2. You have not missed 4 or more payments; and
3. You have not previously applied for hardship in the last 4 months (unless your current application is due to materially different reasons than the last application); and
4. The cause of your financial hardship was NOT reasonably foreseeable to you at the time you took out the loan.

Please click here to fill in our form to request our financial hardship application and guide.

Once submitted, you should receive our PDF application and guide within 48 hours.