Frequently asked questions
Below you will find the answers to all the commonly asked questions. If you still haven’t found what you were looking for, please contact us and we will be more than happy to assist.
What security can I use?
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 (meaning, not held as financial security for any other loan contracts and hire purchases.)
For larger amounts we will look at using a property that has equity available for loan security.
What is the minimum amount you lend?
The minimum amount we will lend onsuitable security is $500.
What is the maximum amount you lend?
The maximum amount we will lend on suitable security is $100k.
What is the minimum term you will lend over?
The minimum term we will lend over is 6 months on any amount over $500.00.
What is the maximum term you will lend over?
The maximum term we will lend over is 3 years but this only applies to larger loans — usually $4,000.00 and over.
What is the interest rate?
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.
Can I receive a loan if I’m a beneficiary?
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.
What if I fail to maintain my loan repayments?
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.
What happens if I miss a payment?
If you miss a payment you will be contacted by phone or letter.
Note: charges may apply – these are explained in your contract