How does moola pay you

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Please appreciate that there may be other options available to you than the products, providers or services covered by our service. Sarah Brandon. Last Updated Aug 4, Loan Interest. Alternatives to short-term loans Consider these alternatives before applying for a payday loan: Use online Government resources.

The Commerce Commission New Zealand website explains how loans works and what to be aware of when borrowing from a lender. Payment plans. Contact your creditors. Speak with creditors about extending the due date of your payment, or working out a new payment plan that works for both of you. Seek personal loans elsewhere. We detail most of the fees below:. Early repayments are permitted free of charge. The earlier you make an early on payment, the less you will pay on interest expenses as Moola charges interest in line with the outstanding loan stability.

Saltar al contenido. If you want to change them for an existing loan then you need to talk to our customer services team on and you need to ensure this has been changed with your payroll, if not you need to talk to your payroll officer about the change.

If you are reapplying you can change your bank account detail on the application page, again please ensure this has been changed with payroll. Yes possibly, we have to check to see that you are still in permanent employment. If you use us frequently we may consider other ways to confirm this.

We take our responsibilities as a lender seriously and need to consider each loan application on its own merits. Check your email for the specific reason, or call us on Use our online calculator to work out exactly how much you are able to borrow.

No, you do not need to delete your account to update your details. You can contact our customer support team on and they will help you change your email address or mobile number. If you need to change any other details you can do this when you reapply for your next loan by changing them on the application page.

You need to contact our customer support team on and they will update your email address, then you can use this new email address to login and request a new password. No, we do not give any one customer multiple loans at the same time. We take our responsibilities seriously and having multiple short term loans is not a good way of managing your finances. Once your final payment has been reconciled on your account, which usually happens around 8am the next morning, you can reapply immediately.

Remember that your payment takes two business days to clear. If you want your loan on the same day you will need to show us a bank clearance letter, which is a statement from your bank showing us that the payment has cleared and will not dishonour. If it is after this time and your payment has not been reconciled, call us on and talk to one of our customer support team. Is a Need Cash Today Loan right for me? What criteria do I need to meet? How much am I allowed to borrow? How much will it cost?

How will I get my money? The money is transferred into your nominated bank account. How do I repay the loan? What details do you need from my employer? What if I have trouble repaying? How can I get a bank clearance letter? Why do you want me to talk to my employer or payroll officer? Why do I have to tell you why I need the loan?

Do you need security? Can I apply if I do not have a mobile phone? What is a Wage Deduction Authority? If you are any of the following then you will fail our pre-approval process: Beneficiary Self employed Unemployed Pensioner Disability Beneficiary Can I apply over the phone?

What hours are you open? Our online help team is available Monday to Friday am - pm What happens during weekends and public holidays? Simply how much am I able to borrow with Moola?

Interest is charged regarding the unpaid balance at the termination of a single day Minimal loan term: times Maximum loan term: days around 43 months How quickly does Moola place money into my account? What fees does Moola charge besides the rate of interest on its payday advances? Moola states that in the event that you contact their reports team and also make payment within 36 hours, no loan standard charge will be charged.