How often do you find yourself in the situation where you need money in a hurry, but your bank account is almost dry? This happens to so many people on a daily basis and when you have vehicle or household repairs that cannot wait another minute, the only option is to source quick cash loans.
The majority of main banking institutions can’t really offer quick cash loans, especially since the recession when they revisited their lending procedures and made it almost impossible for the average person to obtain a personal loan through them.
In fact statistics show that the amount of loans from main banks in New Zealand has dropped dramatically since December 2010. Why you may ask? Well the reason is that during the recession banks found that they had too much money outstanding and with so many people losing their jobs and being unable to pay the money back, it left the banks in serious financial trouble.
The banks then made their lending procedures stricter than they already were which means that an average household with a fair credit history is unlikely to be accepted, because the bank takes so much into consideration during the application process.
Online financial providers are definitely the best option when looking for quick cash loans. There are a large number of financial providers that offer their services to New Zealand residents online.
The reason these online lenders are more likely to say “yes” is that when applying for quick cash loans their lending procedures are not as strict. Their main criteria is to ensure you can pay the money back in a timely manner.
If you have been to your main bank for a loan recently then you know you have to prove you don’t need the money and you have enough money in the bank in order to be approved, which makes absolutely no sense.
The online providers know you are requesting the quick cash loans for a valid reason. The reason is you need money in a hurry and you don’t have liquid cash available to you right now. This is why they are more likely to say yes to your application than a main street bank.
About Yes Finance
Yes Finance is a leading private financial provider in New Zealand with a host of customer focussed financial solutions. This company was established in 1997 and has helped thousands of people obtain the urgent financing they need.
Yes Finance isn’t as strict as your bank when it comes to giving finance. Their main criteria is that you can afford to pay the loan back as per your agreement with them, which is normally one to three years.
This financial provider offers a host of solutions from secured and unsecured loans to business loans, vendor loans and vehicle and boat finance. They do require that all applicants are over eighteen and reside in New Zealand.
Yes Finance then takes your employment status and credit history into account through the information provided on your easy to complete online application so they can give you an answer in the shortest time possible.