Sweet 16th Birthday Interest Free Loan Terms and Conditions
Interest Free Prize Draw Terms & Conditions
1. The winner of the prize draw will be drawn by Finance Now on Friday, 14 November 2016.
2. Entry into the prize draw is open to all residents of New Zealand. Directors, shareholders, employees and immediate families of Southland Building Society and its associated companies and subsidiaries (including Finance Now), and any customer referred to Finance Now by a commissioned agent, are not entitled to an entry in the prize draw.
3. A customer must be 18 years of age or over to be entitled to an entry in the prize draw.
4. A customer will be entitled to one entry in the prize draw for each personal loan greater than $1,000 applied for, and drawn down, directly from Finance Now before 5pm on 12 November 2016. For the avoidance of doubt, customers who apply for, or draw down, a personal loan from Finance Now through any retail store will not be eligible for an entry into the interest free loan draw.
5. Only personal loans with a term of 60 months or less are eligible for an entry into the prize draw.
6. If a customer is not up to date with all loan repayments or is in default under a loan as at 14 November 2016, all of that customer's entries in the prize draw will be invalid and (if one of that customer's entries is drawn as the winner of the prize draw) the prize draw will be redrawn.
7. If a customer has fully repaid the loan as at 14 November 2016, that customer's entry in the prize draw for that loan that has been repaid will be invalid and (if that entry is drawn as the winner of the prize draw) the prize will be redrawn. 8. Finance Now may advertise multiple promotions, each of which may provide customers with a chance to go in the draw to win their loan interest free. Only one customer will win their loan interest free under Finance Now promotions in 2016.
9. If Finance Now is unable to contact the winner by telephone within 2 business days of making the draw (after making all reasonable attempts), Finance Now will be entitled at its discretion to draw a replacement winner, in which case, the initial prize draw shall be deemed null and void and the winner shall have no entitlement under that initial prize draw.
10. No interest will accrue on the loan to which the winning entry relates ("Winning Loan") after the date of the prize draw (this does not restrict Finance Now's right to charge default interest or any other rights Finance Now has under the disclosure statement for the personal loan or Finance Now's General Terms and Conditions (available at www.financenow.co.nz)) and any interest that accrued on the Winning Loan before the date of the prize draw and that has not been paid to Finance Now will be written off. Finance Now will also credit an amount equal to all interest (excluding any default interest) that has been paid under the Winning Loan in repayment of the Winning Loan.
11. The winner of the prize draw may request Finance Now reduces the amount of their periodic repayments of the Winning Loan after the prize draw to an amount so that the term of the Winning Loan remains the same as immediately before the prize draw. If the winner does not request Finance Now reduce the amount of their repayments or Finance Now does not approve such request, the amount of each periodic repayment will remain at the same level as before the date of the prize draw and the Winning Loan will be fully repaid earlier than the original term of the Winning Loan.
12. The winner of the prize draw will not have any right to choose, swap or cash-in the prize.
13. The winner of the prize draw may be required to establish their identity.
14. The winner of the prize draw agrees to the use of their personal details and photograph for any marketing and/or promotional purposes, including publication of their name and photograph on Finance Now's website.
15. Finance Now shall not be held liable for any loss or damage whatsoever which is suffered (including but not limited to indirect, consequential or special loss) or for any personal injury suffered or sustained in connection with the receipt of or use of the prize except for any liability which cannot be excluded by law.
16. All decisions of Finance Now in relation to the prize draw are final and no correspondence will be entered into.17. Finance Now reserves the right to vary these terms and conditions at any time.