Oxford Finance allows you to apply online in just a few easy steps! They’re also very transparent with their process, allowing you to see all the fees and charges upfront with no hidden charges. You can also get a pre-approval process in order to secure your funds even before you can decide which car model to buy.

How does Nobilo Finance Car Loans in NZ work?

Oxford Finance primarily operates as a secured car loan which means you need to offer up an asset as a security guarantee. However, Oxford is able give you quick turnaround times, providing approval within a day of checking the personal information you provided.

With Oxford Finance, you can borrow any amount ranging from $2,000 to $100,000 which you can pay for 12 to 60 months. Repayments can be done on a weekly, fortnightly, or even monthly basis.

Fees and Charges

Your interest rates are personalised based on the security you provided and its relation to your loan amount, credit history, financial situation, and credit profile. Typically however, they usually range from 7.95% to 20.95% p.a. Aside from that, you also need to pay a loan establishment fee of $200, an account fee of $250, and an account maintenance fee of $5.

There’s also other fees that may apply depending on your situation. Example of these fees are:

An early repayment fee of $19 when your loan is settled earlier than the actual end of the term
$70 modification fees when you make changes to the loan agreement
Legal costs when applicable
Direct costs such as a credit check and verification of ID search