Loan Shark Interest Rates

Loan Shark Rates

One of the most important things to consider when getting a loan from loan sharks is the loan shark interest rates. This will determine how much you have to pay back. In this section we will give you some indications of what some of the loan shark rates

Interest Rates

Interest rates from loan sharks are mostly calculated in weekly basis. The loans are for short term use only and will have high rates

Loan-Shark-Rates
Loan-sharks-Interest-rates

High Interest Rates

Due to high risk most of the loan sharks will have high interest rates. Loan shark rates starts from 500% and can go upto 2000% per year

Borrow What you can Payback

When getting loans from loan sharks make sure you only borrow what you can payback ON TIME otherwise you will incur very high rates and fees. 

 
Bad credit Emergency Loans nz

Loan Shark Interest Rates

These are some of the New Zealand loan companies that offer loans to people with bad credit. The loan shark interest rates are high but when you need money and have no other choice then these are the only options left. When getting loans from loan sharks its good to take short term loans and pay it on time

Loan Companies and Rates

FERRATUM

Interest rates to get personal loans from Ferratum starts from 29% per week. e.g.  if you borrow $100 you will have to pay $129 at the end of week. 

Interest rate and fees works out to be 1500% of the initial loan amount 

Ferratum Loan
Seed-Cash

SEED CASH

Interest rates to get personal loans from Seed cash starts from 32% per week. e.g.  if you borrow $100 you will have to pay $132 at the end of week. 

Interest rate and fees works out to be 1660% of the initial loan amount 

PAYDAY ADVANCE

Interest rates to get a loan from payday advance starts from 27% per week. So if you take out a loan from payday advance you will have to pay $127 

Interest rate and fees works out to be 1400% of the initial loan amount 

SAVE MY BACON

Save My Bacon can provide loans for people with poor credit history. They are not too worried about your bad credit history but will only lend to people who are capable of paying the loan back on time. Save my bacon offers bad credit personal loans from $100 to $3000. 

PRETTY PENNY LOANS

PPL are  more understanding than banks or large financial institutions. They welcome Kiwi’s with a bad credit history and are happy to help you get unsecured bad credit loans. PPL are specialist in bad credit loans in NZ. There specialized bad credit loan fast approval does not consider a bad credit history as a limitation.

Pretty-Penny

LOAN SHARK LOANS

Before getting any loan make sure to read the terms and conditions of the loan agreement. Find out the actual interest rates and true cost of the loan before applying for the loan. 

“Only Borrow what you can payback.”

When getting short term loans from loan sharks make sure to borrow only what you can payback ontime. Late fees and penalty interest rates will be huge and will add up very quickly
Loan Shark Loans
Sandra Files
Loan Researcher