Personal lending can be used for a variety of reasons, for example, to consolidate debt, buy a new car, take a holiday, and other personal projects.
What are your interest rates?
Our interest rates range from 9.95%* p.a. to 29.95%* p.a. Your interest rate will be based on your financial circumstances, including factors such as: how much you’d like to borrow; the term of your loan; your income; your other financial commitments; and your credit history.
What are your standard fees and charges?
A loan establishment fee and/or broker fee of up to $999 applies and is added to the total amount borrowed.
How much can I borrow?
Our minimum loan amount is $3,000. The amount you are able to borrow will be determined by the repayment amount you can comfortably afford, which we assess based on your income and other expenses.
What are your loan terms?
We provide loan terms from 1 to 5 years. Loan terms are structured to personal needs and can be repaid weekly, fortnightly or monthly.
What are your terms and conditions?
Normal lending criteria apply. Loan Spot lending is provided by a range of lenders as appropriate to individual customer’s needs. To view the terms and conditions of the lenders we work with, please refer to the lender's site:
Heartland Bank Oxford Finance UDC Finance MARAC NZCU South Avanti Finance iFinance Latitude Finance Aotea Finance
Can I switch existing lending to Loan Spot?
Yes, you can, as long as the borrowing meets our lending criteria.
Who can apply for a loan?
You must be 18 years of age or older to apply for a loan with us.
How do I make a compliment or complaint?
We strive to provide a high level of service to all our customers. If you would like to send us a compliment, please email us or call us on 0800 666 022.
We take complaints very seriously and will investigate immediately. If you would like to make a complaint, please email us and we will respond within 48 working hours.
Declare the information provided in my/our finance application is true and correct and that I am/we are over the age of 18 years and I am/we are not an undischarged bankrupt/s;
Appoint you [One Partner Ltd, trading as LoanSpot / loanspot.co.nz] as my agent to collect, use and disclose my personal information for carrying out credit checks on me with a credit reporting agency for the purpose of making a recommendation to me for a credit facility (the FINANCE COMPANY). This will require you to give my information to the credit reporting agency as well as the credit reporting agency providing information about me to you.
I authorise any third party to provide my personal information to you for any of these purposes.
I understand that if you disclose my personal information to a credit reporting agency, they may hold my information on their credit reporting database and use it for providing credit reporting services and for any other lawful purpose and they may disclose my information to their subscribers for the purpose of credit checking or debt collection or for any other lawful purpose.
Agree the FINANCE COMPANY may collect from credit reporting agencies, credit providers, my/our employers/s, accountant/s, or other named person/s or relative/s, such personal, financial and commercial information and references about me/us as is necessary for the purposes of considering this application. And I/we agree that you may produce this authority to such parties for the purposes of collecting such information.
I/we agree to meet the cost of an independent valuation of the security to support this application such valuation to be obtained by you in consequence of this applicant. My/our solicitor/agent is authorised to accept any notification on my/our behalf.
I/We acknowledge that if the FINANCE COMPANY provides this finance the FINANCE COMPANY:
Will keep the personal information during this period the finance is provided and for six months after repayments of all credit provided by the FINANCE COMPANY:
May collect and monitor personal information about me/us as is necessary for the administration and protection of such credit: and
May provide any of the personal information to a third party employed by the FINANCE COMPANY to assist in enforcement of any agreement between us.
I/We request the FINANCE COMPANY or any related finance company to send me/us details of other products and services from time to time.
I/WE shall have access to my/our personal information and retain the right to request correction.
Provision of Additional Services
I authorise the FINANCE COMPANY to disclose personal information about me to a credit agency for the purposes of compiling a credit report and creating a credit profile. Further I authorize the FINANCE COMPANY to use my personal information for merchandising, market research and offering additional services including newsletters from One Partner Ltd or the offer of additional credit facilities.
The information that may be disclosed includes: name, address and telephone number; the loan amount of any facility; any debits made; the frequency and amounts of payments made including details of overdue payments. I understand that I have the right to access and request correction of my personal information held by the credit reporting agency.