How much can be borrowed? 

The amount that can be borrowed depends on the client's ability to repay, credit history, and the security available.

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What is needed to assess a loan?

At a minimum, Wanganui Finance requires:

• A completed Loan Application

• Evidence of income

• Proof of address

• A photo ID licence, passport or birth certificate

• 3 months bank statements

We may ask for additional information depending on the client's circumstances.

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What are your interest rates?

The interest rate offered reflects the client's individual circumstances. The rate that applies is fully disclosed before signing the loan contract.

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What fees will need to be paid?

An establishment fee is applied when the loan is approved and drawn down. An administration fee is also charged to the loan weekly, fortnightly or monthly. Other services may also apply. The fees that apply to the loan are fully disclosed before signing the loan contract. 

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Is security needed?

This depends on each personal situation. In certain circumstances, we may choose not to take security. In other circumstances, to protect ourselves, we may be required to take a car as security.

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What term can a loan be taken over?

Wanganui Finance loan terms are between 9 months and 60 months (5 years).

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How long does it take to approve a loan?

If we have all the information required, most loans can be approved within 24 hours.

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Is a guarantor needed?

A Guarantor may be required if you are under 20 years of age.

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What is the minimum age for a loan?

You must be at least 18 years of age to apply for a loan.

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If I buy a car, does it have to be insured?

Yes. Wanganui Finance will need to be noted on the policy as having a financial interest.

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How are repayments processed?

Repayments need to be made by direct debit, automatic payment or internet banking from your nominated bank account. We can also arrange to make a deduction from your wages.

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If my circumstances change, can I pay back the loan early?

Yes, you can with no penalties.

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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.

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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.

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Will my application remain confidential?

Yes. We will deal with your details strictly in line with our Privacy Policy.

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What do I do if I want to make a complaint?

We are a member of Financial Services Complaints Ltd. Please view our Complaints Procedure and Disclosure page for more information.