• Advice

Can I Get A Loan If I’m On A Sickness Benefit?

Can I Get A Loan If I’m On A Sickness Benefit?

For those on a sickness benefit, you only receive enough money to just cover your everyday expenses. When you’re on a benefit, it is nearly impossible to save – or at least much harder than it is for most people. So, when you’re hit with emergency expenses, what do you do? Most banks won’t loan to a beneficiary.

Luckily, here at Crester Credit, we believe that anyone in dire need should have access to a loan. That’s why we offer beneficiary loans including to those on a sickness benefit!

Why Would You Need A Loan on A Sickness Benefit?

In New Zealand, most of our health costs are completely covered by the taxpayer. So, why would you need a loan if you’re on a sickness benefit? There are plenty of reasons that those on a benefit would need a loan, including:

Car Repairs

Perhaps the only way you have to get to your doctor’s appointments, or the supermarket is by driving there in your car. If your car breaks down, you can quickly become isolated because you’re stuck at home. Sure, there are busses in the city. However, your condition may make it near impossible for you to walk to and from the bus stop at each end.
This is not an acceptable situation for someone with health issues who needs access to medical care. That’s why getting a loan for car repairs is a good idea. Having a working car is essential in the lives of many people.

Bereavement

Perhaps someone in your family has passed away unexpectedly. There is no way that you could foresee or prepare for this. If the funeral is somewhere across the country, you may have given up hope of attending to be with your family as you don’t have the money saved. However, you need to be there to be supported and support others at this time. So, you might consider taking out a loan to cover the costs of flights to get to the funeral.

Emergency

In an emergency, you may need a bit of money to cover other unexpected costs. For example, if there is a burglary at your home and you need to replace essential items. Other emergencies include medical expenses, unanticipated bills, and emergency vet bills.
In these scenarios, there is no choice but to incur the expense. However, you may not have the money sitting in your account for these unanticipated costs. That’s when it might be useful to get a loan that you can pay back bit by bit rather than having to pay the amount in one hit.

New Zealand’s Best Beneficiary Loans

Crester Credit is well known for their willingness to lend to beneficiaries. We understand that you have unexpected expenses, just the same as everyone else! We are committed to responsible lending, so as long as your spending doesn’t outweigh the income you receive, we can loan to you. We decide based on individual cases whether we think that it’s realistic for you to pay back the loan in time rather than automatically declining you based on the fact you’re on a sickness benefit.
We encourage you not to take on unnecessary debt but choose wisely what you spend your loan money on. There’s no need to pointlessly get into debt. Instead, we aim to help you out of a tough situation – not get yourself into another one.

The Crester Credit Difference

Crester Credit is beloved by our customers for a reason – how we treat them. Here’s why our customers love us so much:

Empathetic

It’s critical to us that we treat every single person the same, whether they earn thousands a month or are on a benefit. Our experienced financial experts are there to listen to your unique situation and make a decision based on this. All we want is for our customers to be able to repay their loans on time and get out of debt.

Competitive Interest Rates

We keep our interest rates highly competitive, so you don’t pay more to take out a loan than you need to. Why would you go with another finance company and pay more interest? Make the smart choice with our low-interest personal loans.

Easy Application Process

You can go through our application process entirely online. This includes receiving and signing the documents. Plus, the application form only takes around 10 minutes to complete! This can be far less daunting for some customers than walking into an office and asking for a loan. Plus, it’s super convenient and quick. You’ll hear from our team within 60 minutes of applying to discuss your loan. If you get approved, the money could be in your account within 24 hours so you can pay those emergency expenses!

Contact Crester Credit today to talk to a friendly staff member and find out how we can help you with your current situation.

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