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Emergency Loans: How to Get Emergency Money Fast

Life is full of surprises. A calamity, illness, or unemployment can catch you off guard and leave you financially stranded and unstable. This is why many people find it important to have some cash set aside in case something unexpected happens. Unfortunately, not all of us have an emergency fund that can provide a temporary income safety net to help pay for our necessities. If you need instant cash to cover for an unexpected expense, one option is to get an emergency loan.

What are emergency loans?

Whether you need to get emergency money fast to cover car repairs, an unexpected trip, or home repair after a calamity, you may choose to get an emergency loan.

Unlike a car loan or small business loan, emergency loans can be used for different purposes. Emergency loans in NZ can come in the form of unsecured personal loans, payday loans, credit card cash advance loans, and so much more.

To fully understand your options for an emergency loan, make sure to do some research and read any fine print throughout the process. You may also speak to an Authorised Financial Adviser to know your options and help you choose what type of loan is best for your situation.

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Reasons you may need an emergency loan

There can be many different situations in which you may feel the need to get emergency money fast. Listed below are some of them.

Job loss

No matter the reason you may leave a job, many people find that an emergency loan can help cover bills if you’re no longer receiving a regular paycheck.

Medical emergencies

You never know what’s in store for the future. Medical emergencies, especially those that require expensive treatment and therapy sessions, can throw you out of balance. Emergency loans help many people obtain the funds they need for themselves or family member’s medical care.

Home repairs

There are home insurance policies that cover some of the more common household issues. However, you may need to get emergency money quickly to pay for unexpected home repairs. An emergency loan has helped many New Zealanders fix problems like flooded basements, cracked walls, and leaking pipes.

Unplanned trip

The last thing you want to worry about when you travel because of an emergency is the cost of the trip. Whether it’s due to a sudden illness or short notice on a friend or relative’s wedding back home, an unplanned trip that involves flying in and out of the country can be costly. If you find yourself in this dire situation, you may find an emergency loan can help ease your stress during an unexpected trip.

Car maintenance and repairs

If driving is your main mode of transportation, a car problem may impact your ability to work and fulfill other activities in your daily routine. To help with your car repair and maintenance, you may get an emergency loan in NZ.

To read about other situations where taking out a personal loan can help, check out our article on ‘9 Good Reasons to Get a Personal Loan’.

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How to get emergency money fast with QuickCash

Cash sometimes isn’t easily accessible and your funds sometimes aren’t enough to pay for your necessities. Thankfully, there are lenders like QuickCash who believe in extending a helping hand to those who need an emergency loan in New Zealand.

As a trusted provider of easy, reliable, and convenient emergency loans, we offer low-interest quick loans with no hidden charges and extra fees. Our emergency loans have fixed interest rates, so you have certainty throughout the life of your cash loans.

Should your financial situation change and you wish to pay back the loan in full earlier than you thought, QuickCash will not charge you any early repayment fees.

With QuickCash, you may apply for quick loans in only a few minutes without waiting in long queues and having to go through paperwork for hours. With our easy and fast NZ loans, cash can be in your account in only 25 minutes!

How to pay off an emergency loan quickly

While getting your hands on an emergency loan in NZ may only take a few minutes, paying it back can take a bit longer. To help pay off your emergency loan quickly and lower the amount of interest during the life of your loan, you may try doing the following.

Round up your payments

One of the easiest ways that may help you pay your emergency loan fast is by rounding up the payments. For instance, if you usually pay $190 a month for your loan, rounding it up to $200 will shorten your payback period and save you some cash by reducing the interest on your loan.

Cut unnecessary costs

Cutting unnecessary expenses may help you pay your emergency loan off faster. By avoiding impulse buying or doing free activities instead of paying to go out, being mindful of your purchases may help you become debt-free quickly.

Avoid skipping payments

Skipping payments on your emergency loan is likely to cost you more in the long run. Doing this may incur late fees and increase the length of your loan, which may result in higher interest charges over time. To help avoid late payments, many people find that setting up automatic payments helps to ensure that the repayment amount is always ready.

For more information on how to manage your funds, read our post on “Tips for Budgeting and Saving Money“.

No matter how good you are at managing finances, you can never tell when you might have some unexpected expenses.

At QuickCash, we offer low-interest emergency loans in NZ. Contact us at 0800 784 252 and our friendly and dedicated support staff will help handle your application for a fast and efficient emergency loan.

Disclaimer: This article is intended to provide general information only. It does not take into account your investment needs or personal circumstances. It is not intended to be viewed as investment or financial advice. Should you require financial advice you should always speak to an Authorised Financial Adviser. Past performance is not a guarantee of future performance.