Yes, TerePay can decline applications if the borrower does not meet the minimum lending criteria. As a responsible lender, TerePay ensures that all approved loans align with financial stability, compliance regulations (AML/CFT & CCCFA), and the borrower's ability to repay without hardship.

Reasons TerePay May Decline an Application:

1. Low Credit Score / Active Defaults – If the borrower has an active credit default or a history of missed payments.

2. High Loan Commitments – If the borrower already has significant existing debts, and adding another loan would cause financial hardship.

3. Persistent Overdraft or Negative Bank Balances – If bank statements show continuous overdraft usage with high interest rates.

4. Unstable Income / Irregular Earnings – If the borrower’s income is inconsistent or does not support loan repayments.

5. Incomplete or Fraudulent Application – If documents are missing, incorrect, or fail AML/CFT checks.

6. Recent Loan Restructuring – If the borrower’s previous loan had to be restructured, indicating difficulty in repayment.

Life doesn’t wait—and neither should you. With TerePay, you can borrow for what matters most:

• Covering unexpected expenses

• Sending support back home

• Managing medical or family needs

• Handling travel or urgent bills

• Consolidating short-term debts

Our loans are flexible and designed to fit around your everyday life in Aotearoa.

At TerePay, we know time matters. Most applications are reviewed within 24-48 hours. Once approved and your contract is signed, the money can be in your account the same day.

To keep things simple, you’ll just need:

• A valid photo ID (Passport, NZ Driver Licence, or 18+ Card)

• Your recent 3 months bank statement with your current address 

• Your recent 3 months payslip with your current address 

No, we believe in transparent lending.

There are no hidden fees — everything is clearly outlined in your loan agreement, so you know exactly what to expect.