What is a Business Loan?
A Business Loan can support you with just about any purpose within your business, including but not limited to, Cash Flow Management, Marketing, Renovations, Purchasing Inventory or New Equipment and General Working Capital.
With our assistance you can get a Business Loan for 3 to 24 months with easy repayment terms that can be made either daily or weekly.
If you are applying for a Business Loan that is up to $100,000, you will find that some providers require a personal guarantee and no asset security. Asset security will not be required as long as you follow the terms of your Business Loan (details found in your business loan contract).
Always have a list of financial goals before you even think about going into business if you want to be a success.
Personal loans allow you to borrow money for specific purposes like: travel, home renovations and repairs or getting a new family car.
With competitive interest rates, flexible terms and payments that are suited for you, you can choose from Secured and Unsecured loans.
We can help you with your personal loan applications. Contact us if you want to know more about this.
Normal lending criteria and loan terms apply.
When applying for personal loan, you'll need to meet the following lending criteria:
Be at least 18 years old.
Receiving a regular income.
Having enough money left over at the end of month, after your expenses are paid, to meet your loan repayments.
Being a New Zealand citizen, permanent resident or if you’re a non-resident, have more than one year left on your work visa.
Proving your identity and earnings.
We need to get the following from you:
Your personal tax details, including your Foreign Tax Identification Number (TIN) if you are a tax resident of another country.
Details of your income, expenses, assets and existing debts.
Three months of bank statements as proof of your income.
Completed application form
Repayments and fees
Establishment and documentation fee
Loan payment failed fee
(You will be charged default interest in addition to the normal interest rate on any overdue balance until the overdue balance is paid.)
Change repayment amount
Make lump sum payment
Pay off loan
Your existing interest rate +5% p.a.
$10 per failure
The Truth about Debt Consolidation
Debt consolidation helps you manage your cash flow especially if you tend to have the habit of overspending and have a lot of debts. Typically repaying debts would be difficult as you may not have any savings, so this where debt consolidation comes in.
Things to note on Debt Consolidation
The information above may be true but the purpose of debt consolidation is to help the clients manage their cash flow at present. These are the people with bad spending habits and have a lot of debts. paying off their debt is the first option but due to lack of savings this is not possible. This is where debt consolidation came to the rescue. debt consolidation has helped a lot of clients get their first property.
Debt consolidation may extend the time of payments yes but the purpose of debt consolidation is to minimize the clients' monthly repayments and help them to buy a house. I will send you a link as reference. for this one. or we can talk to further discuss.
When we consolidate it has to be at a lower interest rate otherwise not good to consolidate.
Consolidation of debts will help clients manage their repayments better. Rather than having loans in 7 different providers: banks, credit cards etc. consolidation of loans to one provider only will help them manage their cash flow better. easy to monitor outgoings.