Why Choose Finance Now Car Loans in NZ?
Finance Now offers a fairer lending system than most other providers, using a variety of factors when it comes to evaluating a borrower. These include good credit history, a borrower’s financial capacity to pay back the loan by checking their income, a guarantor, no finance defaults, among others.
Generally speaking, Finance Now offers interest rates between 12.95% to 29.95% p.a., under a term between 6 to 60 months. You would need to pay an application fee of $180 and an additional monthly service charge of $2.50.
Finance Now Pre-Approval
You can apply for a pre-approval of the loan amount you want. You can use it right away or within 30 days from the date of approval.
How does Finance Now Car Loans in NZ work?
Finance Now Car Loan Interest Rates
With over 200 dealerships across NZ, Finance Now has taken the time to adapt different promotions and interest rates tailored to different Kiwi preferences:
Interest Bearing - This is a standard bearing interest rate where you pay a fixed amount at a fixed period.
Deferred Interest Bearing - This is similar to a standard interest bearing rate, you will pay a fixed rate at a fixed period but in this instance, you can delay the first payment between 3 to 6 months.
Interest Free - This is a standard contract where you pay off your loan over a fixed rate and a fixed period of time with no interest.
Combo Interest Free to Interest Bearing - This is a combination of the interest free and interest bearing contract, with the first payment being due one month after the start of the contract. After the interest-free period, you will now pay the discussed interest rate on the balance over the remaining term.
Finance Now Secured and Unsecured Car Loans
Finance Now offers both types of loans online, depending on which arrangement you’re more comfortable with. In order to get approved for an unsecured loan, you need to guarantee that your income and employment is stable enough that you’re able to make repayments on time. For a secured option, you’ll need to register an asset as collateral for the loan. Either options will also benefit from having a good credit rating.