This disclosure statement has been prepared in accordance with the Financial Markets Conduct Act 2013 and the Financial Advisers Act 2008. Please read this statement carefully before proceeding with your application.
Payday Advance NZ is a trading name operated under The Lending Room Limited, which holds a Class 2 Financial Advice Provider Licence issued by the Financial Markets Authority to provide financial advice services.
| FSP Number | 486566 |
| FSP Name | The Lending Room Limited |
| NZBN | 9429042181880 |
| Registered office | Level 8, 57 Fort Street, Auckland CBD, Auckland 1010 |
| Dispute Resolution Scheme | Financial Disputes Resolution Service (FDRS) |
| DRS Membership Number | 5669 |
| Trading as | Payday Advance NZ |
| Contact email | hello@maranello.nz |
| Contact phone | 09 928 6806 |
Payday Advance NZ provides financial services as a loan broker for the following types of credit contracts:
We provide financial services about credit contracts from Finance Now, Oxford Finance, Avanti Finance, Geneva Finance, Pioneer, Financial Holdings Limited, Jade Finance, AKF Finance, Personal Loan Corporation, MTF (Penrose branch) and Lifestyle Money.
Payday Advance NZ does not provide regulated financial advice. If we present a credit contract to you, our role is limited to providing you with relevant information and assisting you with making the application. This information aims to assist you in making an informed decision. We recommend you seek independent financial advice if you are unsure whether a loan is right for your circumstances.
Payday Advance NZ charges a broker and introducer fee of up to $1,500. This fee is added to the loan amount you are borrowing and is GST inclusive. The fee is only charged if your loan is successfully funded. Furthermore, this fee is disclosed to you before you proceed so there are no hidden charges.
In addition to our broker fee, lenders on our panel impose an establishment fee that can range from $195 to $450, depending on the specific lender. This fee is also added to the loan amount.
We receive remuneration through commissions from lenders. The successful lender pays us a commission based on the loan value. As a result, we may have a financial incentive to recommend certain lenders over others. However, our primary obligation is always to match you to the most suitable lender for your situation.
Beyond the commissions we receive, on occasion we may receive non-monetary rewards such as gifts or tickets to events from financial services entities. We may also provide non-monetary rewards to third parties that refer you to us, where you enter into a completed contract.
To address conflicts of interest, we provide our team with ongoing training in conflict of interest management. We regularly carry out compliance audits and reviews of our compliance programme to ensure our policies underscore independence, objectivity and ethical behaviour. Our primary focus is always on our clients' best interests.
If you are dissatisfied with our services, you can submit a complaint to Payday Advance NZ by emailing hello@maranello.nz or calling 09 928 6806.
After receiving your complaint, we will thoroughly review it and if needed we may contact you for more information. We aim to resolve complaints within 5 to 10 working days from receipt. You can expect to receive communication from us via phone or email regarding the outcome of your complaint and our proposed resolution.
If we are unable to resolve your complaint, or if you are not satisfied with our proposed resolution, you have the option to contact the Financial Disputes Resolution Service (FDRS). FDRS is an independent organisation that provides a free dispute resolution service for consumers in the financial services industry.
| Post | FDRS, Freepost 231075, PO Box 2272, Wellington 6140 |
| enquiries@fdrs.org.nz | |
| Phone | 0508 337 337 |
| Website | www.fdrs.org.nz |
To be eligible to apply through Payday Advance NZ, you must meet all of the following criteria:
Please note that our lenders require a specific credit profile to proceed. As a result, we are currently unable to assist applicants with adverse credit in all cases. You can find more details in our Terms and Conditions.
A loan of $5,000 over 12 months at 12.95% p.a. has fees totalling $735 and a total repayment of $6,145.20, equating to 12 monthly payments of $512.10. Annual Interest Rate (AIR) and Annual Percentage Rate range from 8.99% p.a. to a maximum of 29.95% p.a. on a minimum loan term of 6 months to a maximum term of 84 months.
Last updated: March 2026
