Why Choose Zooma Car Loans in NZ?
Zooma is the car loan for people looking to avoid expensive provider fees, deposits, and fees for early repayments. They are also a great option for digitally-savvy users looking for the right technology to accomplish the lending process. With Zooma, they will use the car you’ll buy as the security guarantee. They place a tracking device on the vehicle which would immobilise the car should you default on your payments. On the plus side, this tracker can be handy in emergency situations when you need to locate your lost car.
How does Zooma Car Loans in NZ work?
You can borrow any amount between $5,000 to $30,000 while repaying it for up to 3 years. Ultimately, the loan amount you can borrow from Zooma will depend on your own personal circumstances. They can even provide 100% car financing provided you meet the criteria and are able to make your repayments.
Fees and Charges
Your interest rates will vary from 19.97% to 34.97% p.a. This will be based on your own income, credit history, driver license and its classification, and other factors relevant to the loan. Also take note of the following fees whenever you’re planning to apply:
An establishment fee of $21.23 which will include the processing, assessing, and approving your application (This will only be charged once the application is approved.)
A credit check fee of $9.15
PPSR registration fee of $15.40
Licence check fee of $3.15
Tracker installation fee of $150
Tracker cost of $225
Any default fees resulting in any breach of the loan agreement