Applying for a loan

How can I apply for a Save My Bacon loan?

We encourage all our customers to review our criteria here prior to beginning an application. All our personal loan applications are completed 100% online.

Select the loan type that best meets your requirements. We have the Mini loan and KickStart loan, and keep an eye out for our larger, more traditional personal loan that will be at a competitive bank interest rate. Enter your details into the online loan calculator, select the amount you would like to borrow and the number of repayments. Once you are happy with the amount, push the ‘Apply now’ button.

You will need to complete our 10-minute online application form. Please make sure the information you provide is accurate. We will also verify your personal and credit information as part of the application process; this includes obtaining a credit report about you from one or more of the consumer reporting agencies. Upon completion of the application, you will be asked to sign your loan documents online. Save My Bacon uses proven, encrypted transport layer security (TLS) technology to ensure the security of your information and protect the integrity of your data.

You can begin your Mini loan application here.

You can begin your KickStart loan application here.

If you have any problems or questions, we are here to talk anytime. Please contact our customer happiness specialists on 0800 27 28 36.

Why is the Save My Bacon application process so comprehensive?

We look beyond your credit score and complete a thorough assessment of your overall financial profile. This allows us to assess your personal situation more comprehensively than traditional lenders do.

We will ask you to provide up-to-date information via our easy online application form, as well as connect and view your bank account(s) information. This and other credit information allows us to access your personal and financial profile.

Our exceptional service and technology allow us to provide competitively priced credit in a responsible way for customers to borrow safely and easily.

Always check your options before you borrow:

Borrowing to pay utility bills?

Please talk to your electricity, gas, phone or water provider to see if you can work out a revised payment plan with them first.

Borrowing to pay existing debt?

It is not recommended to use this form of credit to pay off current debt, as the cost of your loan may be higher than loans offered by other lending institutions. It can be useful to talk with your credit provider and see if you can work out a payment plan with them. If you aren’t sure whether a Save My Bacon loan is right for you, please call our customer happiness specialists on 0800 27 28 36. We are here to help talk you through your options, even if a Save My Bacon loan is not suitable for you.

See our How it works section for more information.

What information do I need to provide?

As part of the Save My Bacon application, we ask for a variety of information that will help us better understand your full financial profile. This means we can ensure that a Save My Bacon loan is right for you and identify the likelihood of making your loan repayments without suffering undue financial hardship.

In order to process your application, we are required to assess and verify the information that you have provided, including your identity, employment, income and bank account details.

All applicants must have their identity verified. We provide a number of ways you can do this. Click here for more information on our anti-money laundering and countering financing of terrorism (AML/CFT) identification and address requirements.

In addition, you will also need to provide confirmation of additional details, such as your income and banking information, before your loan application can be approved. This process is conducted by our customer happiness specialists, who will reach out to you directly if anything is required.

In order to process your application, we need to know:

- where you work, how much you are paid and how often, so we can make sure your loan is affordable and will not put you in financial hardship;

- your bank account details, so we can transfer the money into your account and set up repayments;

- your contact details, so we can keep in contact throughout the process;

- your identification – under government regulations, we are required to verify all our customers; and

- three months worth of bank statements, so we can ensure a Save My Bacon loan is the right option for you.

Why do I need to give a reason for my application?

Government legislation and responsible-lending regulations require us to ask for the loan purpose. As a responsible lender, Save My Bacon will make enquiries to ensure that the loan product you have applied for is suitable based on your circumstances.

We do this by considering each customer’s requirements and objectives, as well as their current financial circumstances.

A Save My Bacon loan is a financial commitment. We ask that you be a responsible borrower and please check you are in a position to afford your repayments now and in the future.

It is imperative that Save My Bacon as a responsible lender ensures you will not experience financial hardship whilst repaying your loan. If you have any doubt about your current financial situation and about meeting repayments, we would ask that you please do not apply.

Why do you need to contact my employer?

Save My Bacon may need to contact your employer or payroll department to verify employment. We do not discuss how much you intend to borrow or any other loan details; this is confidential between you and Save My Bacon.

If you do not want us contacting your employer or payroll officer, please contact us immediately on loans@savemybacon.co.nz or 0800 27 28 36 and we will work with you to confirm employment via other channels.

What is bank verification?

As part of the application process, all applicants must provide details of the bank account into which their income is deposited. You will be asked to complete a bank-verification page when prompted in the online application form.

Connecting your bank accounts via the DecisionLogic platform enables us to verify the information provided in your application as well as perform calculations that are critical to our assessment process. All of this information is what sets us apart; it allows us to look beyond your credit score and 'go the whole hog' to carry out a comprehensive assessment of your financial profile.

View our full DecisionLogic terms of use and privacy policy.

If you reapply for finance with us more than six months after the expiry and/or closing of your last loan, you will need to provide us with a fresh authorisation to your bank account information within the DecisionLogic platform.

The following banks are compatible with DecisionLogic technology:

- ANZ

- BNZ

- Kiwibank

- Westpac

- TSB

- ASB

- Co-operative Bank

Alternative bank statement options

While the majority of our customers find that the online verification platform is the fastest way to receive a loan decision, there are several other options for verifying the necessary information, such as submitting manual copies of your bank statements by fax or email. Please contact our customer happiness specialists on 0800 27 28 36 and a team member will be happy to work with you to find the option that suits you best.

Do you need to verify my Identity?

Yes, we are required by New Zealand law to collect and verify your personal information.

At Save My Bacon we take our commitment to AML/CFT and fraud very seriously. All new applicants must go through our strict verification process, present suitable photographic identification and, in some cases, supporting non-photo identification, so that we can validate their credentials. For applicants holding a New Zealand drivers licence, the licence and version number can be entered at the time of application. For applicants holding a New Zealand passport, one of our customer happiness experts will contact you for your passport number and expiry date so that they can electronically verify your credentials. You must provide physical copies of all other forms of identification by email or fax. All forms of identification must be eligible and valid at the time of application. We will attempt to validate your current address using our external bureau facility. If we are unable to validate your address in this way, then you must provide suitable documentary evidence of your address, which must be dated no later than six months prior to the date of your application. Click here for more information on our AML/CFT identification and address requirements.

Scanned or clear photos of your documents can be emailed to loans@savemybacon.co.nz or faxed to (03) 343 1034. Our customer happiness specialists will contact you after you apply, to assist with the sending of these documents – they can be contacted on 0800 27 28 36 if you require further help.

How will you verify my income and employment?

All applicants must to be employed (at the time of application) with a New Zealand employer. You are required to confirm details of your primary income and of the supplementary sources of income that will be used to repay the loan. Our customer happiness specialists will be required to verify your employer and employment details at the time of application.

Does Save My Bacon consider household incomes when assessing applications?

All Save My Bacon applications are assessed based on the applicant's individual financial circumstances. This includes (but is not limited to) a person's individual income, their credit profile and their debt levels.

Can I claim additional sources of income aside from my primary source?

There are no guarantees that by providing evidence of additional income you will qualify for a higher loan amount, but, if you do have additional income aside from the primary source you listed on your application, we will certainly assess your application accordingly.

Your net income from your employer must be your main source of income, as we do not lend to sole beneficiaries. We classify anyone that receives more than 50% of their overall income from a government benefit as a beneficiary.

When and how do I receive my loan proceeds?

We know your loan is important to you, so we work hard to get the funds to you quickly. If you are approved a loan on any business day, we will make payment to your bank on the same day. If there are any delays with the funds being applied to your account, you should contact your bank. They should be able to provide you guidance as to when the funds may become available. Click here for more information on loan advance.

What is the status of my application?

At Save My Bacon, we promise to keep you updated on the status of your application at all times, by email and text, and you can also call 0800 27 28 36. 

I already have a loan. Can I apply for another?

You can only possess one open loan at any given time with Save My Bacon. Save My Bacon offers two types of loan: the Mini Loan, for small, short-term cash needs between $100 and $600, from 2 to 43 days and the KickStart loan, for amounts between $1,000 and $3,000, from 3 to 14 months. Coming soon, we are excited to be offering a larger, more traditional personal loan product to customers for between $5,000 and $20,000, for up to 36 months.

If you aren’t sure which loan is right for you, please call our friendly customer happiness specialists on 0800 27 28 36 and they will assist you; we are happy to help and talk you through all available options.

I’ve paid off my loan. Can I re-apply?

Yes. Simply log into My Account and reapply. However, Save My Bacon loans are not intended for long-term or ongoing financial problems, and they should not be used as a continual source of credit. If you are concerned that you are falling into a bad-debt situation, then please do not re-apply for a Save My Bacon loan, as this could only worsen your situation.

How long before I can re-apply?

You can re-apply for another loan once the last repayment has cleared under your current loan and the loan has been repaid in full. 

Please remember, Save My Bacon loans are not intended for long-term or on-going financial problems, and they should not be used as a continual source of credit. If you are concerned that you are falling into a bad-debt situation, then please do not re-apply for a Save My Bacon loan, as this could only worsen your situation.

Can I use a bank account used by someone else?

No. Once a bank account is associated with a customer, it cannot be used by anyone else. This is to prevent fraud and protect our customers. If your bank account has changed, you can email our customer happiness specialists at loans@savemybacon.co.nz or call 0800 27 28 36.

Can I use a phone number that is being used by someone else?

No. Once a phone number is associated with a customer, it cannot be used by anyone else. This is to prevent fraud and protect our customers. If your mobile number has changed, you can email our customer happiness specialists at loans@savemybacon.co.nz or call 0800 27 28 36.

Why was I declined?

You will receive an explanation via text and email if your application was declined, however we are here to talk, so you can also call our customer happiness specialists on 0800 27 28 36 to chat with us about the reason.

Why haven't I received my money?

If you are approved a loan on any business day, we will make payment to your bank on the same day. This normally takes place within the hour that your loan is approved. If there are any delays with the funds being applied to your account, you should contact your bank. They should be able to provide you guidance as to when the funds may become available. If you have any further questions regarding the transfer of funds, remember we are here to talk. Please call our customer happiness specialists on 0800 27 28 36. Click here for more information on loan advance.