Personal Loan NZ, finance point, financepoint, personal loans, personal finance, unsecured personal loan, personal loan online, car finance, car loan, online car loan, motorcycle finance, boat loan, boat finance, business loan,business finance, commercial loan, commercial finance, bridging finance, franchise finance, property finance, property development finance,debt consolidation loan, secured personal loan, personal loan online, home renovations, credit card debt consolidation, bill consolidation,
 
Personal Loan NZ, finance point, financepoint, personal loans, personal finance, unsecured personal loan, personal loan online, car finance, car loan, online car loan, motorcycle finance, boat loan, boat finance, business loan,business finance, commercial loan, commercial finance, bridging finance, franchise finance, property finance, property development finance,debt consolidation loan, secured personal loan, personal loan online, home renovations, credit card debt consolidation, bill consolidation, Personal Loan NZ, finance point, financepoint, personal loans, personal finance, unsecured personal loan, personal loan online, car finance, car loan, online car loan, motorcycle finance, boat loan, boat finance, business loan,business finance, commercial loan, commercial finance, bridging finance, franchise finance, property finance, property development finance,debt consolidation loan, secured personal loan, personal loan online, home renovations, credit card debt consolidation, bill consolidation,

Vehicle Loan and Marine Finance FAQ's

 

What age vehicles will you finance?
A

Typically we will lend against vehicles as old as 1998. We can however lend on older vehicles dependant on their make, model and valuation including classic cars.


What terms do you offer?
A

Our minimum term is 12 months and our maximum is 60 months. We can also structure payments allowing for gst rebates or bulk payments to help achieve a lower monthly payment.


Q What is your minimum loan?
A

$3000.00                                                                                                 


How old do I need to be to get a loan?
A

You must be 22 years of age and over.                                                                             


Why would I need a guarantor?
A

A Guarantor is a parent or parent in-law of reasonable credit worthiness. They may be asked to support your application in the instance of lack of deposit or if your have a minimal credit history.


Do I need a deposit?
A

We can provide 100% finance to applicants, who are not necessarily homeowners but have lived at their residence for 2 or more years, have clean credit history and stable fulltime employment. If you do not fit this criteria we require some form of equity in the loan, this may be a cash deposit, trade or security over a second car, boat or property.


What other information do I need to apply for a loan?
A

A restricted or full NZ drivers, two months bank statements, your latest pay slip or proof of income and once you have found your vehicle or boat we will require confirmation of full insurance to the value of the purchase. We can provide finance for learners licences also.


What do I do if I need more money than I applied for?
A

To request a higher loan amount call us on 0800 151 221. There should be no problem as long as you can still afford the repayments and the security is sufficient.


Are there any fees if I settle my loan early?
A

Yes, there are fees for early repayment in full. The fees and amounts differ between lenders. The fees applicable to early settlement are set out clearly in the loan documentation. There are no penalties for making extra payments.


Q Where do I sign the documents?
A

We will email or courier the documents to you at home or work for your convenience.                           


Do I need a good credit history?
A

Preferably. You must have clear credit with Baycorp or if you have had any debts against your name these must be paid. If you have had  credit issues in the past this will attract a higher interest rate and the debts must still be paid.


Q How quick can a loan application be approved?
A

We try to maintain an approval time of 2 hours from the time of your application within normal business hours.


Q How do I make my loan payments?
A

You can pay weekly, fortnightly or monthly by automatic payment.

 

Personal Loan and Debt Consolidation Loan FAQ's

 

What is a secured loan?
A

A secured loan is a loan which you use an asset, usually a car, boat or house as security. A secured loan generally attracts a lower interest rate than unsecured loans and are avaiable over longer terms. When using security for your loan you can also borrow larger amounts compared to an unsecured loan.


What is an unsecured loan?
A

An unsecured loan does not use an asset for security. To Qualify for an unsecured loan you must  be over the age of 22, have a clean credit history, be in stable full time employment and stable residence. Unsecured loans attract a higher interest rate than secured loans. Unfortunateley, we can not provide unsecured loans for benficiaries.


What is debt consolidation?
A

The combining of all your monthly bills into one lower monthly payment and lowered interest rate. There are a number of benefits to debt consolidation. Once you have combined your debts you will have only one monthly bill. You could also free up valuable household income as debt consolidation loans can often have a lower interest rate than the combined finance charges of all your other loans, hire purchases and credit cards. Debt consolidation loans require security usually for the amount you have applied for however strong applicants can expect to qualify for a portion of the loan unsecured.


How much can I borrow?
A

The amount will depend on your income and security for secured loans. Depending on these factors and the credit lending criteria of our providers, we can arrange a loan from a minimum of $3,000. Secured loans are available up to $100,000 plus. Unsecured loans are available up to $20,000.00.


Do I need a good credit history?
A

Preferably. You must have clear credit or if you have had any debts against your name these must be paid. We do have lenders that will lend if you have had bad credit in the past but this will attract a higher interest rate and the debts must be paid and can not have been to a financial institution.


What can I use a personal loan for?
A

This is your choice. A secured personal loan is based on the security offered and your ability to service the loan. Home renovations, retail purchases, holidays and the list goes on. Tell us what you are wishing to do and we will do our best to make it happen.


What if I want to borrow more in the future?
A

Not a problem as long as your repayment history with us is good. We generally prefer loans run for a 6 to 12 month period before adding to them.


Do you offer a scheme whereby my repayments can be made if I can't work?
A

Yes, we offer a Loan Payment Protection Insurance that covers your loan repayments if you can't work due to accident, sickness or redundancy subject to the terms and conditions of the policy.


Can I pay extra off my loan?
A

Yes, this is to your advantage as this will help decrease the loan term as long as you continue with your regular payments.Paying extra on your loan will also assit you in acheiving an excellent credit rating.



PRODUCTS  /  CONTACT US  /  PRIVACY  /  TERMS  /  FAQS  /  SITEMAP
Finance Point