Regulatory Information
Instant Finance® Limited provides loans to assist customers in meeting their personal needs. This may include finance to assist with the purchase of home ware, appliances, furniture and personal electronic equipment available through associated company MyHome NZ Ltd, or a used motor vehicle through wholly owned subsidiary Easy Driver Ltd.
Financial Advisers Act 2008
We are a Registered Financial Services Provider and a Qualifying Financial Entity.
Our Financial Services Provider Register Number (FSPR) is 20381.
Our Disclosure Statement can be viewed here:
Instant Finance® Disclosure Statement
Consumer Credit Contracts and Finance Act 2003
Instant Finance® Limited is a responsible lender providing loans that you the customer can understand and afford. The 2014 amendment of the CCCFA introduced Responsible Lending Principles. These require a lender to make reasonable enquiries to satisfy itself that the loan will meet a customer’s needs and objectives and that a borrower or guarantor will be able to make payments under the loan without substantial hardship. Your application will be assessed on a wide range of information including your personal circumstances, income and expenditure.
Interest Rates
We provide loans at annual interest rates ranging from 19.95% to 29.95% per annum.
The rate that applies to your loan will be based on a range of factors including your circumstances, credit history with us or others, the security you can provide and the loan amount.
Once set, the interest rate is fixed for the term of your loan.
Default Interest Rate
If you get behind in your loan repayments, then we may charge a default interest rate on any overdue loan payments, while they are unpaid. The Default rate that we charge is 10% per annum above the Interest Rate that normally applies to your loan.
Loan Term
Loan terms are normally provided up to a maximum of three years.
Our standard loan contract terms and conditions:
Instant Finance® Consumer Credit Contract
Our standard schedule of fees:
Instant Finance® Schedule Of Fees