Frequently Asked Questions
- What security can I use?
- What is the minimum amount you lend?
- What is the maximum term you will lend over?
- What is the interest rate?
- What is the minimum term you will lend over?
- Can I receive a loan if I’m a beneficiary?
- What happens if I fail to maintain my loan repayments?
- What happens if I miss a payment
We will consider using for security a vehicle that is fully insured, has a current WOF (warrant of fitness) and is currently registered.
We also lend against household furniture and appliances. These security items need to be freehold.**
For larger amounts we will look at using a property that has equity available for loan security.
**not held as financial security for any other loan contracts and hire purchases.
The minimum amount we will lend on suitable security is $500.00.
The maximum term we will lend over is 3 years but this only applies to larger loans — usually $4,000.00 and over.
We try to match credit card rates but our rates vary depending on your credit history and security.
Our annual interest rate ranges from 13.95% to 26.98% per annum.
Once set, our interest rate is fixed for the term of your loan.
The minimum term we will lend over is 6 months on any amount over $500.00
We welcome beneficiaries to our company. We are responsible lenders that listen with compassion and will ensure that we find the right loan that’s tailored to suit your situation.
If you are unable to maintain your loan repayments you must contact the office immediately.
We will do our best to help you work through the situation without the stress of possible recovery action.
If you miss a payment you will be contacted by phone or letter.
Note: charges may apply – these are explained in your contract
