Finance Now FAQs
How much can I borrow?
What is a 'Secured' loan?
What is an 'Unsecured' loan?
How do I apply for a loan?
Are there any fees that I have to pay?
What interest rate can I get?
How can I make payments to Finance Now?
How long can I take out a loan for?
How quickly can I have access to the money?
How long does it take to apply?
Can I apply if I have bad credit?
How many accounts can I have with Finance Now?
What is a 'debt consolidation' loan?
What will my repayments be?
Q - How much can I borrow?
A - You can borrow anything from $1,000 to $20,000. If you would like to apply for an amount greater than this, then give us a call on 0800 299 399.
Q - What is a 'Secured' loan?
A - A secured loan is a loan where the borrower pledges some asset (e.g. a car, boat, caravan, property) as back-up (security) for the loan. Providing security can help you borrow a larger amount and can help reduce the interest rate we offer you.
Q - What is an 'Unsecured' loan?
A - There is no requirement for the borrower to provide any collateral for an unsecured loan. Typically, this means that the amount you can borrow is less and the interest rate charged is normally higher.
Q - How do I apply for a loan?
A - You can apply for a loan in 2 easy ways – you choose what suits you best. Either submit an online application by clicking here or give us a call on 0800 299 399. Alternatively, send us a message and we’ll give you a call at a time that is convenient for you.
Q - Are there any fees that I have to pay?
A - Yes. An establishment fee of $275 applies to every loan. Some other fees do apply – these depend on the type of personal loan you take e.g Chattel Security Search and Registration Fee - $5.45, Motor Vehicle Search and Registration Fee - $9.00. Our helpful lending team will let you know any other fees that you have to pay.
Q - What interest rate can I get?
A - We offer competitive rates for personal loans, with rates starting from 13.95%. The rate you will be charged is based on several criteria. These include the type of security provided; value of the security in relation to the loan amount; the amount of money you wish to borrow; your previous credit history with other financial institutions; and your total credit profile. To provide you with an interest rate for your loan please complete an application by clicking here or by calling 0800 299 399.
Q - How can I make payments to Finance Now?
A - You can make payments to Finance Now via:
- At any branch of Westpac bank
- Direct Debit - if we have your bank account loaded
- Cheque - post to PO Box 1204, Invercargill
Our bank account number is: 03-0931-0358991-00. Remember to include your account reference number
Q - How long can I take out a loan for?
A - You can take out a personal loan for between 6 and 60 months. This is called the ‘Term’ of the loan.
Q - How quickly can I have access to the money?
A - Once your application has been approved you can have access to your money in as little as 24 hours.
Q - How long does it take to apply?
A - Completing your application for a personal loan will take less than 20 minutes. You can either apply online here or call us on 0800 299 399. Sometimes we require extra information – we’ll let you know if we need to do this.
Q - Can I apply if I have bad credit?
A - We consider various criteria when assessing your application for a personal loan. If you have ‘bad credit’, such as a recent default to another financial institution, you are unlikely to be approved. If you are not approved we will tell you the reasons for our decision and explain what you will need to do, over a period of time, to improve your likelihood of getting a loan in the future.
Q - How many accounts can I have with Finance Now?
A - You can have several accounts with Finance Now. However, the total amount you can borrow is limited to what we set as your credit limit. This is determined by a number of factors, including your credit score and your re-payment history.
Q - What is a 'debt consolidation' loan?
A - A debt consolidation loan simply means taking out one single loan to pay off several others. The main benefit of putting lots of different loans together (‘consolidating’) is that you’ll have one easy payment to look after and, in most cases, a lower interest rate to pay. Apply now to take control of your finances or give us a call on 0800 299 399 if you would like to know more about how debt consolidation can work for you.
Q - What will my repayments be?
A - Our easy to use loan calculator lets you see what your repayments will be. You can change the amount you borrow and the length of time you want to have the loan for. Please note that the repayment amounts given are based on a rate of 24.95% - your interest rate and repayment amounts will be confirmed when you apply.