Yes, TerePay can decline applications if the applicant does not meet the minimum lending criteria. As a responsible lender, TerePay makes reasonable checks to confirm that, based on the information you provide, it is likely that the loan will meet your requirements and objectives, , and that you can repay without suffering substantial hardship. 

TerePay May Decline an Application for a number of reasons including because of:

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

2. High Loan Commitments – If you already have existing debts, and adding another loan may cause substantial 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 your income is inconsistent or does not support loan repayments.

5. Incomplete or Fraudulent Application – If documents are missing, incorrect, or if required identity checks cannot be completed.

6. Recent Loan Restructuring – If your previous loan had to be restructured, indicating difficulty in repayment.

However, you may reapply once your financial situation has improved and meets our lending criteria. If you have any questions, feel free to contact us.

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

Our loan amounts are flexible and designed to fit your objectives.

At TerePay, we know time matters. Most applications are reviewed within 24-48 hours. Once approved and your contract is signed, the money will 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 most recent 3 months of bank statement with your current address noted 

• Your most recent 3 months of payslips with your current address noted 

• Valid visa 

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. You can find information on our fees here