Frequently Asked Questions
What security can I use?
We will consider using security of a vehicle that is fully insured,has a current WOF (warrant of fitness)and is currently registered. We also lend on household furniture and appliances. These security items do need to be freehold** and for larger amounts we will look at using security of a property that has equity available.
**not held as financial security for any other loan contracts and hire purchases
What is the minimum amount you lend?
The minimum amount we will lend on suitable security is $500.00.
What happens if I fail to maintain my loan repayments?
If you are unable to maintain your loan repayments you must contact the office. We will do our best to help you work through the situation without the stress of possible recovery action.
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 $4000.00 and over.
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 happens if I miss a payment
If you miss a payment you will be contacted by phone or letter.
**charges may apply these are explained in your contract
What is the interest rate?
We try to match credit card rates but our rates vary depending on your credit history and security.
