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Personal loans - what you need to consider

Tuesday 16 May 2017, 11:18AM

By Finews

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With so many options available for personal loans, consumers face a range of different questions when looking for the best product that suits them.

Traditionally you would just go to your bank, but with the emergence of online loans you no longer need to leave the house, or wait days for an inconvenient appointment. But are these easy loans a good option?

First you need to consider what you want from the loan. Do you need it today? Or do you need flexible repayments? How much can you really afford to repay without stretching your budget?

Each company is different, but if you're looking for a flexible online loan, that comes with a 9 minute guarantee, then Pronto Finance has same day loans which you can access online.

They have designed their fast loans to give you more control. You get to select how much cash you need. Then you get to set your repayment amount.

They actually encourage you to pay your loan off early so you can pay less interest. And never charge an early repayment fee.

Using advanced technology they have revolutionised the personal loan space, offering much faster and fairer finance to New Zealanders. You can see from their online reviews just what their customers think of them.

It's always a good idea to research all options before taking on a financial committment. With a range of factors such as interest rates, establishment fees, early repayment fees and other costs to consider - you want to be sure you know what is involved. All New Zealand lenders are required to display their costs of borrowing, so take a look at these and feel free to ask any questions if you have them.