GOOD SHEPHERD NEW ZEALAND

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WHAT IS StepUP?

StepUP is a low fixed-interest loan with no fees, for people on low incomes. You can borrow up to $5,000 and have up to three years to pay it back. There are no hidden charges.

Community lenders will help you to collect the documents you need, complete the application and help make sure that you can afford to repay your loan. Loans can be held in individual or joint names.

These loans are to help New Zealanders to improve their quality of life and are provided on a not-for-profit basis.

WHO PROVIDES THE LOAN?

StepUP is a community initiative of BNZ and Good Shepherd. Delivery is supported by the Ministry of Social Development.

Good Shepherd Microfinance New Zealand Logo Bank of Zealand Logo Supported by New Zealand Government Logo

WHAT CAN THE LOANS BE USED FOR?

The below list is an indication only. Your community lender will be able to talk to you more about suitable loan purposes.

  • Second-hand cars
    Second-hand cars
  • New household appliances such as fridges and washing machines
    New household appliances such as fridges and washing machines
  • Computers
    Computers
  • Medical Expenses
    Medical expenses
  • Course costs & fees
    Course costs & fees
Ben
My car broke down leaving me without a way to work. Without this loan, I’d have been fired. My family counts on me - StepUP kept me from letting them down. - Ben

StepUP
LOAN DETAILS

  • Loan amount: $1,000 to $5,000
  • Interest Rate: 6.99% per annum
  • Term: Up to 3 years
  • Repayments are worked out based on the applicant’s budget and what they can repay

AM I ELIGIBLE FOR A StepUP LOAN

To qualify you must:

  • Currently qualify for a Community Services Card
  • Reside in your current premises for more than 3 months
  • Show a willingness and capacity to repay
Calculator

REPAYMENT
CALCULATOR

(based ib 6.99%)

Month 6 12 18 24 36
$1000 $170.08 $86.52 $58.68 $44.77 $30.87
$1500 $255.12 $129.78 $88.02 $67.15 $46.31
$2000 $340.16 $173.04 $117.36 $89.54 $61.75
$2500 $425.20 $216.31 $146.70 $111.92 $77.18
$3000 $510.24 $259.57 $176.04 $134.30 $92.62
$4000 $680.32 $346.09 $234.72 $179.07 $123.49
$5000 $850.41 $432.61 $293.40 $223.84 $154.36

Monthly repayments include interest, and are approximate only

Linda
If I hadn’t heard about StepUP - I’d be in a different place right now. It let me study and get a new start. - Linda

HOW TO APPLY FOR A StepUP LOAN

  • FIND A LOCATION 1. FIND A LOCATION

    Currently there are two locations for StepUP. More locations coming soon.

  • Go to an interview 2. Go to an interview

    You’ll need proof of ID and documents that show how much money you have coming in and going out.

  • BNZ ASSESSES APPLICATION 3. BNZ ASSESSES APPLICATION

    We want to make sure you have manageable repayments.

  • Sign an agreement 4. Sign an agreement

    If your loan is approved, you promise to pay it back.

  • Buy item 5. Buy item

    Use the loan for items such as a second hand car or new furniture.

  • Pay back the loan 6. Pay back the loan

    You make regular repayments until the loan is paid back.

FIND A PROVIDER

  • Marker The Salvation Army

    Mt Wellington Community Ministries
    18 Allright Place, Mt Wellington
    P: 0800 854 009
    E: southauckland_loans@nzf.salvationarmy.org

  • Marker THE SALVATION ARMY

    Waitakere Community Ministries
    7-9 View Road, Henderson, Auckland

    P: 09 837 4471
    E: waitakerecity_cfs@nzf.salvationarmy.org

  • Marker The Salvation Army

    Manukau Community Ministries
    16B Bakerfield Place, Manukau, South Auckland

    P: 0800 854 009
    E: southauckland_loans@nzf.salvationarmy.org