A brighter way
to borrow
Interest rate (per day)
1.5% - 19.95%
Loan Tenure
2 - 43 days
Approval Duration
Up to 1 working days
Min. monthly income
$100,00
About Save My Bacon
When you’re at the end of the month and run into an emergency, it can seem like you’ve got a few options other than to ask friends or family. However, there’s always a chance that even that won’t work out. In such a situation, it’s best to opt for a payday loan from companies or lenders like Save My Bacon.
Most non-bank companies offer small amounts as loans, which is just about enough to help borrowers get by the rest of the month. The benefit of these services is that they don’t check your credit, which shortens the loan approval process.
Save My Bacon is a reliable payday loan service in New Zealand. It allows Kiwis to get cash without delay, even with a low credit score. They evaluate the applicant’s entire financial history and not just their credit score.
One of the best features of Save My Bacon payday loans is that you can only borrow a certain amount in proportion to your salary. While it may not be very convenient for some, it helps Kiwis borrow more than they can afford to pay back comfortably.
How to Apply for a Save My Bacon Payday Loan
It’s easy to apply. To qualify, you have to meet certain requirements, like:
- having an active bank account;
- valid email account;
- being a New Zealand citizen;
- having an active mobile phone, among other things.
Simply go to their website, select which loan you want to apply for, and click ‘Apply Now’. You can calculate your loan (Mini or KickStart) by filling in some information. This way, you’re fully aware of how much fees and interest you’ll be paying and how many payments you have to make.
Enter details like
- How often you’re paid (weekly, fortnightly, or monthly);
- Your salary after tax;
- Your next payday;
- A promo code (if you have one);
- Enter how much you need (you will only be able to select as much as a certain amount, which is determined based on your salary);
- How many repayments you want to make (in most situations, it enters a valid number for you, based on the loan amount).
Choose the loan product that works for you
What Kind Of Loans Does Save My Bacon Offer?
Save My Bacon offers loans that start from $100 and go up to $3000. Moreover, they are set to introduce bigger loans of up to $20,000.
The Mini Loan
This loan starts at $100 and goes up to $600. It has a minimum repayment period of 2 days and a maximum repayment period of 43 days, with the interest capped at 60 days.
Save My Bacon Mini Loan Interest Rates
- Daily interest rate of 1.5%;
- Monthly interest rate of 45.63%;
- Annual interest rate of 547.5%.
On the Save My Bacon Website, they give an example of a Mini Loan, like taking a $250 loan for a 9-day period. The per day interest rate is 1.5%, so the total fees and interest you have to pay after the loan period is $53.48, in addition to the amount. This makes the total amount $303.48.
Therefore, you’ll have to make 2 weekly repayments of $151.74.
However, this is just an example, and your interest amount will vary based on how quickly you can repay a loan. We’ll go more into detail about the application process later.
The KickStart Loan
The KickStart Loan starts at $1,000 and goes up to $3,000. The minimum repayment period is 3 months and the maximum repayment period is 14 months.
Save My Bacon KickStart Loan Interest Rates
The monthly interest rate varies based on the loan amount because it will have a different monthly term range as well. For instance, if you take a loan of $1,000 to $1,300, you have to pay a monthly interest rate of 15%, with a term range of 3 to 6 months, and annual interest rate of 180%. The Save My Bacon website provides all the information pertaining to interest rates and fees in detail to eliminate any confusion.
The Save My Bacon website gives the example of a $25,000 loan for a 13-month period. In this case, you get a per month interest rate of 9%, so while the fees are $0, the total interest is $1,702.80. You pay a total amount of $4,202.80, so you have to make 56 weekly repayments of $75.05 each.
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Frequently Asked Questions
Save My Bacon is committed to innovation and to lowering the average cost of its products to consumers over time. Follow us as we shape the future of lending in New Zealand. The loan products currently on offer with Save My Bacon are as follows:
Mini loan (short-term loan)
Save My Bacon’s Mini loans range in term from 2 to 43 days and incur an annual interest rate (AIR) of 547.5%, which equates to a daily interest rate of 1.5%. AIR is a measure designed to compare the cost of loans on an annual basis, so, due to the short-term nature of a Save My Bacon Mini loan, the AIR doesn’t reflect the Mini loan cost. Our Mini loan interest is capped once 60 days have elapsed.
The applicable rates for Save My Bacon’s Mini loan are as follows:
| Loan amount | Daily interest rate | Monthly interest rate | Maximum term (days) | Annual Interest Rate (AIR) |
| $100-$600 | 1.5% | 45.63% | 43 | 547.5% |
Please click here for more information on our interest and fees.
KickStart loan (short to medium-term loan)
Depending on the applicable loan amount, Save My Bacon’s annual interest rate (AIR) for the KickStart loan ranges from 108% to 180% and the term from 3 to 14 months (see the table below for rates).
Save My Bacon’s interest rate cap means interest for the KickStart loan is capped before your loan balance reaches double the amount of the initial unpaid balance.
The applicable rates for Save My Bacon’s KickStart loan are as follows:
| Loan amount | Monthly interest rate | Monthly term range | Annual interest rate (AIR) |
| $1000 – $1,300 | 15% | 3 – 6 | 180% |
| $1,400 – $1,800 | 13% | 7 – 9 | 156% |
| $1,900 – $2,400 | 11% | 10 – 12 | 132% |
| $2,500 – $3,000 | 9% | 13 – 14 | 108% |
Please click here for more information on our interest and fees.
Save My Bacon is committed to innovation and to lowering the average cost of its products to consumers over time. Follow us as we shape the future of lending in New Zealand. The loan products currently on offer with Save My Bacon are as follows:
Mini loan (short-term loan)
Save My Bacon’s Mini loans range in term from 2 to 43 days and incur an annual interest rate (AIR) of 547.5%, which equates to a daily interest rate of 1.5%. AIR is a measure designed to compare the cost of loans on an annual basis, so, due to the short-term nature of a Save My Bacon Mini loan, the AIR doesn’t reflect the Mini loan cost. Our Mini loan interest is capped once 60 days have elapsed.
The applicable rates for Save My Bacon’s Mini loan are as follows:
| Loan amount | Daily interest rate | Monthly interest rate | Maximum term (days) | Annual Interest Rate (AIR) |
| $100-$600 | 1.5% | 45.63% | 43 | 547.5% |
Please click here for more information on our interest and fees.
KickStart loan (short to medium-term loan)
Depending on the applicable loan amount, Save My Bacon’s annual interest rate (AIR) for the KickStart loan ranges from 108% to 180% and the term from 3 to 14 months (see the table below for rates).
Save My Bacon’s interest rate cap means interest for the KickStart loan is capped before your loan balance reaches double the amount of the initial unpaid balance.
The applicable rates for Save My Bacon’s KickStart loan are as follows:
| Loan amount | Monthly interest rate | Monthly term range | Annual interest rate (AIR) |
| $1000 – $1,300 | 15% | 3 – 6 | 180% |
| $1,400 – $1,800 | 13% | 7 – 9 | 156% |
| $1,900 – $2,400 | 11% | 10 – 12 | 132% |
| $2,500 – $3,000 | 9% | 13 – 14 | 108% |
Please click here for more information on our interest and fees.
Absolutely. If you repay early and in full you will save on interest and repay the loan faster.
You may request an early repayment at any time without penalty,
Please call our repayment solution specialists on 0800 27 28 36 before making an extra payment so we can provide you with the exact balance to pay and adjust your repayment schedule if necessary.
Click here for more information on repaying your loan.
We understand that sometimes you can struggle financially. But, although it can be tempting to just ignore the situation and hope things will improve for the better, if you feel things might get out of control or if your individual situation has changed, it’s time to ask us for help.
We want to ensure you have the best borrowing experience possible and we have a number of options available to keep you on track. We encourage you to contact us if you can’t make a payment – we can talk about your options and adjust your repayments.
Our repayment solution specialists are here to help – give them a call on 0800 27 28 36 or send an email to [email protected].
Click here for more information on repaying your loan.
Click here for more information on financial hardship.
Save My Bacon NZ’s Safe Service
One of the many reasons why so many people rely on Save My Bacon for payday loans is that they take effective safety measures for their clients. This ensures that the borrower’s personal data is protected from hackers and attempts of identity theft.
Most importantly, you won’t face any hidden costs or ambiguous clauses that require you to ‘read the fine print’. As a result, you fully understand how much the loan costs and can plan timely payments.