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 19.95%*. 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 of $240 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 click on the links below:
Heartland – click here Finance Now – click here UDC – click here MARAC – click here NZCU South – click here
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 above information 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;
Authorise you (www.loanspot.co.nz) to send this application to any third party (the FINANCE COMPANY): and
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 declare that the above information is true and correct in every particular and it is upon this basis that I/we make this application.
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.
Where the personal information may readily be retrieved, I/WE shall have access to it and 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, creating a credit profile, merchandising, market research and offering additional services including newsletters from Fast Car Loans 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.