Frequently Asked Questions
Do you provide Home Loans?
No. We can arrange Home Loans through our associate Mortgage Brokers and Banks.
APPLY FOR A HOME LOAN HERE
How much money can I borrow?
$ 2,000 up to $ 20,000
How long does it take to process the loan?
Subject to the documents being in order, loan can be processed and approved in one hour’s time
What is the interest rate? Are there any other costs?
Interest charged is fixed for the term of the contract and varies between 14.95% to 18.95%
Establishment fee, Protection Insurance Premium and other charges may be applicable. However there are no un-disclosed fees and the transaction is fully transparent
What is the duration of Loan Contract and frequency of repayments?
Loan Contracts can of any duration from 1 year up to a maximum of 5 years, depending upon the nature of security provided and repayment capability. Re-payment installments can be arranged to be weekly, fortnightly or monthly
Can I borrow money if I have had credit problem?
Loans to applicants with minor credit problems are considered.
What are my payment options?
We prefer you to make payments by Automatic Payment.
What is the nature of security acceptable?
We extend loans against vehicle as security or mortgage/caveat security on property with adequate equity margin acceptable to the lender
Can I get un-secured loan?
We do not provide un-secured loans. However if the borrower has a guarantor willing to guarantee the loan by providing adequate security, the application can be considered.
What are the documents required?
1. Completed Application and privacy waiver
2. 2 forms of identification
3. Proof of Address (Electricity Bill, Telephone Bill, ACC Rates Bill, Rental Agreement or any other acceptable document)
4. Proof of Income (last 4 salary slips, letter from employer or accountant’s original certificate.)
5. Bank Statements for last 3 months
6. Ownership title for vehicle, property to be secured
7. Details of all other loans taken and re-payment history
8. Latest property mortgage balance statement
9. Copy of PSL in case applicant is applying for TAXI loan
Other documents may be required, such as vehicle valuation, property valuation, balance payable on other borrowings or as deemed appropriate by the lender.
ABOVE DOCUMENTS ARE REQUIRED FOR ALL PERSONS INCLUDED IN THE APPLICATION
Can I settle my loan early?
Yes, Early Settlement Fee is charged in some cases.
How do I apply for a loan?
Complete and submit the Online Application Form and we will respond as soon as possible.
APPLY FOR A LOAN HERE
|
