Reviews collected under Lending Room, the team behind Payday Advance NZ.
How It WorksPayday Advance NZ is a registered NZ loan broker, not a lender. Instead of applying to multiple lenders one at a time and leaving hard credit marks each time, you fill in one form and we match you to the lender on our panel most likely to get you a competitive deal.
FSPR registered NZ loan broker · FSP486566 · Updated June 2026
We are a broker, not a lender
Payday Advance NZ does not lend you money directly. We act on your behalf to find the lender from our panel most likely to offer you a competitive rate for your situation.
From your first application to funds in your account. Here is exactly what happens.
Tell us how much you need, what it is for and a bit about your situation. The form takes about 5 minutes. We do not ask for unnecessary information at this stage, just enough to assess and match you to the right lender.
Once you have submitted, we run a soft credit enquiry to assess your application. A soft check appears on your credit file but does not affect your credit score and is invisible to other lenders. Applying directly to a lender leaves a hard mark every time.
We review your application against the criteria of the 20+ lenders on our panel and identify the one most likely to approve your loan at a competitive rate. We do not blast your application to every lender. We make a considered match based on your specific situation.
One of our team will call or email you with your loan approval. We explain the terms clearly, answer your questions and make sure you understand exactly what you are agreeing to before proceeding further. No jargon. Full transparency.
Our team walks you through everything before you commit. If the approval works for you we guide you right through to settlement. If you are not happy with the approval, talk to us. We can work through what other options may be available. Same-day funding is possible for applications approved before 12pm on business days.
Here is what typically happens when you apply to lenders directly versus applying through us.
Every time you apply directly to a lender they run a hard credit enquiry. This appears on your credit file. If you apply to five lenders in a row and get declined you end up with five hard marks on your file. That makes future approvals harder and can push up the rates you are offered.
Payday Advance NZ runs a soft credit check during our assessment. A soft check does appear on your credit file but does not affect your credit score and cannot be seen by other lenders.
Once we identify the right lender and submit your application the picture changes slightly. Some lenders on our panel accept our soft check as sufficient. Others, typically larger lenders, will run their own standard credit check as part of their approval process. If a lender cannot meet your requirements we may submit to an alternative lender on your behalf.
At a glance
Hard check
Lowers score
Visible to all lenders
Soft check
No impact
Invisible to other lenders
We work best for employed New Zealanders with a good credit history who want a competitive loan deal without the hassle.
Rated 4.9 out of 5 on Trustpilot — based on 1,060+ reviews from New Zealanders
Everything you need to know about how Payday Advance NZ works.
Apply nowNo. Payday Advance NZ is a registered loan broker, not a lender. We do not lend you money ourselves. Instead we act on your behalf to find the lender from our panel most likely to offer you a suitable loan at a competitive rate. We are operated by the same team behind Lending Room. FSP486566.
A broker and introducer fee of up to $1,500 applies when your loan is successfully funded. This fee is added to your loan amount and is GST inclusive. It is disclosed clearly before you commit to anything and our team walks you through everything before anything is finalised. Lender establishment fees may also apply depending on the lender.
Our assessment uses a soft credit check. This does appear on your credit file but does not affect your credit score. Once we match you to a lender and submit your application, some lenders accept our soft check while others may run their own standard credit check as part of their approval process. We will always let you know before we submit.
Our team will be in touch within one business day, usually the same day. We will present your loan approval and walk you through everything clearly before anything is submitted to a lender. The choice to proceed is always yours.
The application takes about 5 minutes. In most cases our team will be in touch the same day. Same-day funding is possible for applications approved before 12pm on business days, depending on the lender.
Loans range from $1,000 to $250,000 across our panel of 20+ NZ lenders. Loan terms range from 6 to 84 months. Rates range from 8.99% to 29.95% p.a. (AIR) depending on your credit profile and the lender.
Yes. Payday Advance NZ is operated by The Lending Room Limited, registered on the Financial Service Providers Register (FSP486566) and operates in accordance with the Responsible Lending Code. All lenders on our panel are also registered and regulated financial service providers in New Zealand.
Fill in one form and our team will match you to the lender most likely to get you a competitive deal. Our team walks you through everything before anything is finalised. No credit score impact from our check.
