Do the new credit laws apply to personal loans? Will it be harder to get one? In a nutshell, yes. If you want a loan, you must show you're responsible. Do you know how much money you spend on food and takeaways each week, what about memberships and transport? If you don’t know - you need to! Understanding where your money goes every week, month, and year is important. Lenders are required to review your expenses to ensure you have enough discretionary income to cover your loan repayments, and have a bit left over for emergencies.  Read our 7 simple tips to improve your chances of getting approved.  https://loansmart.co.nz/nz-loans-are-becoming-harder-to-obtain-these-days/