In New-Zealand private borrowing belongs the newly developped financing tools granted by Kiwi private lenders or kiwi private investors for kiwi borrower who wants to avoid kiwi banks to obtain a loan.
In New Zealand, a private loan is mainly intended to assist kiwi borrowers who do not have the possibility to obtain fresh funds because of their professional precariousness or their bad credit score.
In New-Zealand, private financing can be obtained by using two different channels, by kiwi peer to peer platforms or through the internet to find private lenders' offers.
In New-Zeland, although the private loan option has become regulated since recently, however the risk of fraud and scam remains as many scammers promise loans without keeping their promises.
PRIVATE LENDING IN NEW-ZEALAND