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Finance Criteria and Companies



 Finance Criteria

To apply for finance you must meet the following criteria:

  1. You must be at least 18 years old.
  2. You must be a New Zealand citizen, permanent resident or have a residency visa.
  3. You must have a valid form of photo ID (a secondary from of ID may be required).
  4. A 10% deposit is recommended to strengthen the application (it's not compulsory but the finance company will usually ask for a deposit).

 

 Two Finance Companies = More Options

We have online finance available though two finance companies - Finance Now and Gilrose Finance.  Having two companies offers you more flexibility, as each company has different options available and different lending criteria, so that we can tailor the finance to suit you best.  Sometimes an application may be declined by one company but approved by the other. When you make a finance application we may submit this to both Finance Now and Gilrose Finance to find the best deal for you.  Below are the key differences between the two finance companies.

 Finance Now

Finance Term:  6 months minimum - 48 months maximum (with one month increments)

Minimum Finance Amount:  $299

Interest Rate: 19.90%

Set-up Fee: $55

Monthly Service Fee: $1.75

Forms of ID Accepted: Drivers License or Passport

Payment Protection Insurance (PPI) is optional but included as standard

Other conditions:  Applicants out of Auckland who are approved will require a Justice of the Peace to witness their ID when signing the paperwork. Terms and conditions, and normal lending criteria apply.

 

 Gilrose Finance

Finance Term:  6 months minimum - 36 months maximum (with six month increments)

Minimum Finance Amount:  $500

Interest Rate:  17.50%

Set-up Fee: $55

Monthly Service Fee: $3.15

Credit Check Fee: $7 - $10

Forms of Photo ID Accepted:  Driver's licence, Passport, Firearms License

Forms of Secondary ID Accepted: Bank Card with name, 18Plus card Card, Super Gold Card, Community Services Card

Other conditions:  Applicants out of Auckland who are approved will require a Justice of the Peace to witness their ID when signing the paperwork. Terms and conditions, and normal lending criteria apply.


Please feel free to contact us with any questions.
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