How much can I borrow?
The amount borrowed will depend on your ability to repay, your credit history and the security available.
What will you need to assess my loan?
At a minimum we will need:
- A completed Loan Application
- Evidence of your income
- Proof of address
- A Photo ID Licence, passport or Birth Certificate
- 1 months bank statements
We may ask for additional information depending on your circumstances.
Why are your interest rates?
The interest rate we can offer will reflect your individual circumstances but will be the most competitive available to us. Our current interest rate range can be viewed here
What are your application fees?
An application fee will apply when your loan is approved and drawn down. Our current fees can be viewed here
Will you need security?
This depends on your personal situation. In certain circumstances we may chose not to take security, in other circumstances, to protect ourselves, we may ask to have first call on something you own. This could be a car. Unsecured loans will generally not exceed $1,000.
How long does it take to approve my loan?
If we hold all your details most loans can be approved the same day.
Will I need a guarantor?
You will not require a guarantor if you are over 25 years of age.
Can I change the amount of my loan after it is approved?
Of course! Let us know your new requirements and we can process it without re-application. This will be subject to the repayments still falling within our disposable income guidelines.
If I’m buying a vehicle do you need to see it?
We will ask for a photo if it is a private sale or the vehicle is being offered as security.
If I buy a car does it have to be insured?
Yes. It needs to be insured against theft and accident damage. Wanganui Finance will need to be noted on the policy.
How are repayments processed?
Repayments need to be made by direct debit, automatic payment or internet banking from your nominated bank account.
If my circumstances change can I pay back the loan early?
Yes however a charge for early repayment may apply.
What is a credit reference?
We may ask for a statement from a previous lender that you have been able to make payments on similar loans in the past.
What if my credit rating is poor?
We deal with many kinds of borrowers and will certainly try to assist you. A higher interest rate would normally apply.
Will my application remain confidential?