Introducing Good Shepherd Good Loans

Good Shepherd’s Good Loans provide no-interest, fee-free personal loans suited for New Zealanders with limited income. These loans help you pay for essentials or improve your quality of life. Loan amounts range up to $7,000 for purchases like cars, computers, or medical treatments, and can go higher for debt consolidation, depending on eligibility. Importantly, all loans are free from interest and fees and come with manageable weekly, fortnightly, or monthly repayments.

Eligibility is based on your household’s annual income and purpose of the loan. Notably, these loans are not for cash, holidays, or everyday expenses like food. The loan amounts and repayment options are tailored to your circumstances, but you must be able to meet regular repayments. There may also be temporary pauses in debt consolidation loans due to high demand.

How to Apply: Step by Step

• Start by filling out an enquiry form or calling the hotline.
• Gather documentation such as bank statements and ID.
• Consult with a Good Loans coach to review your situation.
• If suitable, work with your coach on an application and have it assessed.
• If approved, receive and sign your loan documents, then organise repayments.

This process is friendly and non-judgemental, putting support at the centre of your experience.

What Makes Good Shepherd Good Loans Stand Out?

One of the key benefits of Good Loans is that they are completely interest-free and carry no fees. This sets them apart from traditional lenders and helps borrowers avoid high-cost debt traps.

Additionally, the support from financial coaches can help applicants plan better and even connect with other support services if a loan isn’t right for them immediately.

These loans are paid directly to the supplier, ensuring the funds are used for essential purposes, adding to peace of mind for both the borrower and lender.

Things to Consider: Potential Drawbacks

While Good Loans offer many advantages, they are not accessible to everyone. If your only income comes from self-employment, or you are on a specific benefit, you may not be eligible.

Loan processing can take time, so it is not suitable for urgent or emergency needs. For day-to-day expenses, these loans are not an option, making them less flexible than a regular cash loan.

At times of peak demand, Good Shepherd may temporarily pause some services like debt consolidation loans, so timing can affect access.

Our Verdict

Good Shepherd Good Loans are a strong option if you meet the eligibility criteria and are looking for a fair, purpose-built lending solution without interest or fees. Their personalised coaching and ethical approach make them especially valuable for those who’d otherwise turn to high-cost debt. If your needs align with their mission and you plan essential purchases, this could be the right solution for you.