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Nectar

Updated May 4, 2023

Low-interest starting from 11.95%
Personal loans up to $30,000
Repayment up to 5 years

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Author Nectar. Screenshot of Nectar website. [Accessed August 29, 2022]

About Nectar

If you need money fast, but don’t want to deal with high costs and long application processes, Nectar is your go-to solution.

They understand that time is an important factor when you need to take care of an unexpected cash emergency. So, if you apply now, you can have your personal loan application assessed and approved within 7 minutes. This means you’ll still receive the funds you need before the end of the day.

Client-centric personal loans

The great part about applying with them is that they’re nothing like traditional lenders and will offer you a personalised loan at the right price by leveraging their sophisticated mobile loan applications.

They designed a user-friendly, 100% mobile system for a convenient, real-time, and simple loan approval process.

And there’s more!

There is no paperwork or hidden fees as Nectar do business in a transparent and straightforward way. This ensures that you’ll be satisfied, not only with your loan but with the level of service and speed too!

Nectar’s star team and what they believe in

Are you in need of money? Well, it has never been this easy to access quick cash. At Nectar, you can get an affordable personal loan with the help of a passionate team of experts that are always ready to go the extra mile. Their name says it all as their application process is short and sweet and can be done on your mobile phone.

They believe that everyone deserves a fair chance when it comes to accessing credit, that’s why they carefully consider each individual client’s financial situation.

What Nectar can offer you

Nectar offers a wide range of personal loan amounts.

Whether you’re planning the wedding of your dreams, buying your next car, debt consolidation, renovating your home, or need to solve a mid-month cash emergency, they can get you what you need in a blink of an eye.

Looking for an affordable personal loan?

By making use of innovative technology, Nectar is able to bring you lower than-the-norm interest rates and loan fees.

You can easily borrow between $2,000 and $30,000 over 6 months to 5 years while enjoying low-interest rates from as little as 11.95% p.a.

An added benefit is that you won’t be penalised for early repayments on your loan and your tailored interest rate will be fixed throughout. You can also enjoy the flexibility of repaying your loan either monthly, fortnightly, or weekly.

Unrivalled speed & convenience

Nectar process loans between 9:00 am and 6:00 pm from Monday to Friday. If your loan is approved, they’ll work hard to get the funds to you on the same day. So, you’ll have cash in hand either today or on the very next workday.

For added convenience, you can log in to their account dashboard to view the status of your application in real time.

Can I top up my personal loan online?

Another great feature of Nectar’s loans is the fact that, if you can afford it, you can increase your loan amount as well as your loan term after 16 weeks of loyal repayments.

As they believe in rewarding their loyal customers, you might also qualify for an even lower interest rate!

Nectar Product Details

Loan Type Personal loans
Interest Rate 11.95 – 29.95% p/a
Loan Amount up to $30,000
Repayment 6 months to 5 years

Here’s how to apply with Nectar

Applying for a loan with them will take you only a few short minutes and the best part is that you can apply online or from your mobile phone.

Here’s how easy it is:

Step 1: Click on get started and provide them with your banking details so they can quickly verify your income and check affordability. Your credentials are encrypted and will only allow Nectar to briefly read and verify your income, expenses, and employment details. Most applicants make use of this process as it’s secure and fast, but you also have the option of uploading a PDF copy of your bank statements.

Step 2: You will then receive an answer almost immediately.

Step 3: You can then agree if you are happy and receive the money within a few hours.

Requirements to apply for a Nectar loan

You’ll need to confirm your personal details, address, employment status (should not be self-employed), income, and expenses
Have an active NZ bank account with access to internet banking or present bank statements of the last 6 months to verify your affordability
Be an NZ citizen/ permanent resident
Age of 18+
Present an NZ driver’s license/NZ passport
A minimum income of $350 per week after tax is required
No defaults or previous bankruptcies against your name

Access a personal loan in record time

Nectar helps thousands of kiwis solve their financial woes or reach their goals. In just a few clicks on your mobile, they can help you too.

Here’s how Nectar makes sure that your details are safe and secure

By hosting their data with two of the largest cloud computing and e-commerce companies in the world
By using Credit Sense – an online verification tool
By encrypting all of your data
Your banking details will not be viewed or stored by Nectar or Credit Sense

Terms & Conditions

A Nectar Loan is subject to responsible lending checks, credit criteria and terms and conditions. Nectar’s personalised interest rates are from 11.95% p.a – 29.95% p.a fixed based on your unique circumstances. A $240 establishment fee and $1.75 admin fee per repayment applies. There are no early repayment penalties.

Customer Reviews & Testimonials

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May 2022

I am so very pleased with their service; everything was done swiftly without any hassles or paperwork.

A Williams
— Auckland —

February 2022

An innovative company that knows what they are doing. Their staff is also very professional and well-organised.

E Smith
— Napier —