Text Loans nz

Text Loans New Zealand

Text Loans

Looking for a loan in New Zealand ? Want easy and fast way to get a loan ? Text Loans can be the solution, once you have created your account with the Text loan provider, you will be able to apply for loans through text. Its simple and very fast, you can have money deposited in your bank within few minutes. At loan nz we have put together some of the best information on Text loans, how to apply for txt loans, where to get text loans and what to look out for when getting text loans.

What is Text Loans ?

Text loans are simple methods of getting cash at hand easily and quickly. Mobile phones have now become a necessity in our everyday life. Due to mobiles life has become more convenient and fast.

Through mobile SMS facility you can easily get funds or loans without much hassle. All that you have to do is register with a loan provider and you can send a SMS when you wish to borrow cash from him. The money you’ll borrow through SMS will be transferred to your bank account in just a few minutes.

How does Text Loans Work ? 

Some people find text loans quite confusing and wonder how it works. Given below are the ways it works:

There are many companies which provide text loan services in NZ. So the first thing you need to do is select an online loan company and register with them.

Once you are registered with the loan company and you are approved to use the txt loan service, all you need to do is to send a single SMS to that company with the amount you wish to borrow. There is no need for you to use the internet each time you need the loan.

Just a single text can solve all your financial problems. You can borrow up to $100-$800 for your small financial needs (i.e. phone bill, shopping, electricity bill, medical expenses etc) with the text loan service.

The term for the loan is generally seven to fifteen days and varies for different companies. The lender will automatically take the money from your bank account when you get paid.

You will be notified when the repayment day approaches and will be kept up to date about the charges.

Eligibility Conditions For Text Loans 
  • Applicant must be 18 years old or above

  • He/she must be a citizen of NZ

  • He/she must have a valid bank account

  • The applicant should be doing a regular job (fixed job) with a sound source of income.

  • Additionally, you should also have an email address and a cell phone.

Where to Get Text Loans in NZ ?

Ferratum NZ

Ferratum NZ offers a short term solution to a range of financial emergencies for the people of NZ. They offer short term loans from $100- $800 which is repayable over a short period of time (i.e. 7-45 days). Quick and easy Txt loan available without any paperwork and it becomes much easier for repeated customers to apply for a greater amount than the previous loan.

All you have to do is text LOAN to their SMS shortcode number of 8778, stating the amount you want to borrow and the number of days you need it for, followed by your dedicated PIN number. The PIN number is issued to you once you register with Ferratum text loan service.

The loan amount will be transferred to your bank account in a few minutes. Ferratum NZ allows flexible repayment options so that the consumers can easily repay the loan. If you want access to Ferratum’s text loan services than apply now. For more information about the text loan services provided by Ferratum you can visit their website or contact them on: website : www.ferratum.co.nz

Phone : (09) 9150766

Advantages of Text Loans

  • Fast and convenient (fast approval with less hassle and convenient because the loan can be borrowed through a single text message)

  • There is no need for collateral security to borrow the money; thus people who do not have any collateral do not have to worry about it.

  • No need for the applicant to travel to the bank to apply for the loan, just a text will do all the work.

  • Text loan is a quick and easy way to get cash in times of emergencies.

  • 24/7 services available.

  • Credit background not a problem when it comes to text loan, this will also help people with bad credit to improve on their credit ratings.

Disadvantages of Text Loans

  • The interest rate is higher when compared to conventional source of finance.

  • The repayment time is short. The loan amount should be repaid by the next payday otherwise you will find yourself under a lot of debt.

  • Only a certain amount can be borrowed (small amount).

  • It can affect your credit ratings if the loan is not repaid on time.


Text Loans tip :

It is advisable to all the customers who want to use the easy text loan service that they thoroughly go through the conditions of the loan lender and clarify if any ambiguous clause is there about the conditions and see the hidden charges as well.

This will help avoid trouble in the future. Text loan is faster and convenient to use but on the other hand there are the high interest rates that needs to be considered. Text loan is a handy tool for coping with unexpected emergencies, so use it wisely.