Lending Crowd Car Loans NZ

As a finance technology company, the Lending Crowd primarily operates in an online space, under a peer-to-peer lending platform without any middlemen. This allows reduced costs and faster turnaround times, allowing borrowers, lenders, and investors’ ease of use on the platform. Lending Crowd car loans offer a cheap and secured deal that is best suited for Kiwis looking for low interest rates and a more direct lending process.

Wondering if a cheap Lending Crowd car loan is the best option for you? Don’t fret, this is easy enough to do. Simply head over to our FREE comparison page at CompareBear and start your search in the right place today!

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Why Choose Lending Crowd Car Loans in NZ?

Interest rates typically range from 6.49% to 16.78% p.a for a term of 3 to 5 years. It is a fixed rate applied for the life of the loan itself, avoiding any surprises on the borrower’s part. This is also based on your creditworthiness and the security you’ll provide for the item you are purchasing.

You can borrow any amount between $2,000 and $200,000 so long as you’re able to abide by the agreement and make your repayments on time. Lending Crowd charges an establishment fee between $250 to $1,450 and a similar platform fee of $250 and $1,450, depending on the amount.

How does Lending Crowd Car Loans in NZ work?

Borrow a loan with 3 simple steps!

Complete your loan application online in just a few minutes
Choose a rate and term that suits your circumstances
Wait for the money to be deposited straight to the seller’s account or your bank account

Zero Bureaucracy

Lending Crowd reduces the headaches and hassles that usually come with borrowing money for buying a vehicle. Its process is fast, simple, and 100% online, allowing you to get an anonymous quote before jumping in and applying for a loan.

Great Fixed Rates

Without overheads or the profit margins that banks charge, Lending Crowd is able to offer competitive interest rates for borrowers. The vehicle you’re purchasing will act as the security for your loan. They also don’t charge an early repayment fee so there’s no penalties for anyone looking to pay off their loans early!

Buying Options

You have the freedom to choose where you want to purchase your car. You have the option to choose to buy new or used vehicles privately, or you can go to a trader for more options. You can also use Lending Crowd’s finance options to buy motorbikes, passenger vehicles, caravans, trailers, or even trucks. You don’t have to be tied to a specific dealer when you choose the Lending Crowd.

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You need your driver’s license as proof of identification. You may also be asked to upload additional documents such as bank statements in order to make the process faster.

You can use any vehicle in the name of a loan applicant or any commercial property registered under a loan applicant. You can also use the new vehicle you’re planning on purchasing as security should you lack either of the two.

Yes. By adding a partner with extra income, stability, and security, you may be able to lower your interest rates when you apply with your partner.