We provide secured loans for new or used cars, boats, jet-skis, motorbikes and much more. All applications are subject to usual credit and lending criteria, a lending decision will be provided after we have received your full application and it has been assessed.
A credit score is a single number between 0 and 1,000 that many lenders use to decide if they lend to you, how much they lend to you, and what interest rate they offer you. Basically, it’s your ‘grade’ as a borrower. The better your previous borrowing behaviour, the better your score.
You aren’t born with a credit score. It’s slowly built over a long period of time. Every time you take out a loan, make repayments, miss a payment, switch providers, and so on, your credit score may change.
We can often finance 100% of the purchase price, the need for a deposit depends on a range of factors including your circumstances, credit history, the security you can provide and the loan amount.
The amount will depend on your income level and ability to be able to repay the loan and security offered. Dependent on these and the credit lending criteria of our lenders, we can arrange loans from a minimum of $3,000.00 up to $150,000 or higher.
Typically, a secured loan can be provided over anything from 12 to 60 months.
We normally structure the finance term to match the likely time you will keep the car, or other asset.
We provide secured loans for new or used cars, boats, jet-skis, motorbikes and much more. We also arrange unsecured personal loans dependent on your circumstances, these go from $3,000 to $10,000. All applications for finance are subject to usual credit and lending criteria, a lending decision will be provided after we have received your full application and it has been assessed.
No, but you must provide confirmation of adequate stable income to service the loan, and for this you will need to have the correct visa to legally be working in New Zealand.
Acceptable visa types are Permanent Resident, Resident, Work Visa, Student Visa.
Please note that if you are on a work visa, we must restrict the term of the loan to the remaining term of your visa.
If you’re reading this, then you’re probably already in a position where managing your existing debt has become inefficient in terms of time and cost. So, you may be ready to take action. Too many debts piling up on each other?
Debt consolidation is a great way to take these debts and combine them into one, thus making your payments much easier to manage! Simply put, it’s the combining of all your debts into one manageable payment and one fixed interest rate.
Yes, 18 is the minimum age.
We have an obligation to offer you Payment Protection Insurance, and we can provide you the necessary quotes. However the decision to take the cover is entirely yours.
No credit approval will be conditional upon you taking the offered payment protection insurances. You may obtain insurance from a provider of your choice, or we can introduce you to one of our insurance partners. Their PPI or LPI products can include life cover, terminal illness cover, disability cover, redundancy cover or bankruptcy cover.
Yes, as a responsible lender, all our loans are assessed for affordability. We look at income against outgoings and what is leftover as the surplus. However normal lending criteria applies, all loans are subject to usual credit checks in making the lending decision.
As a broker, we work with our bank of strong New Zealand based lender relationships to get you the best loan to suit your wants and needs. For you, having one broker contact means you don’t have to explain yourself many times over. And with our access to many different NZ lenders, your chances of approval are higher.
We offer competitive loans for people with a good credit rating and can also assist those who want to repair their credit rating.
The rate that applies to your loan will be based on a range of factors. These include your circumstances, credit history, the security you can provide and the loan amount. Once set, the interest rate is fixed for the term of your loan. Loan repayments are made up of principal and interest over the set term of your contract.
Yes, our online application form will allow you to apply for pre-approval.
During the application, we ask you what the loan is for. So, if you need a pre-approval you can just tell us basic details about what you intend to purchase.
A Guarantor is a person who supports you in gaining finance. They will be required to sign the same contract and agree to make payments if the primary client does not meet their commitments.
You can apply for finance through this link. APPLY NOW
Or give us a call on 09 884 0999 if you have any questions.
While a job is not a requirement, a stable income is required to be able to comfortably service the repayments of a loan. It is best to speak directly to one of our finance team so we can get a better understanding of your situation and how we can help. Please call 09 884 0999, or email loans@bfltd.co.nz
A clean credit history/report helps you to get a lower interest rate. If you have had any bad debts against your name it helps if these are now paid or at the very least, under some payment arrangement. Bear in mind, if you have had credit issues in the past and they still show on your credit report, this will tend to attract a higher interest rate.
You can make your repayments weekly, fortnightly or monthly by direct debit.
We have a handy ‘Loan Calculator’ that will show you how much your repayments will be.
Click here SAVVY LOAN CALCULATOR
Depends on your income whether you can service another loan or not. It is best to talk directly with one our finance experts so we can get a better understanding of your situation and how we can help. Please call 09 884 0999, or email loans@bfltd.co.nz
A full or restricted NZ driver’s licence, two months bank statements and your two latest pay slips or proof of income. Once you have found your vehicle, we will require a copy of comprehensive insurance to the value of the purchase.
You can apply for finance through the following link. APPLY NOW
Or give us a call on 09 884 0999 if you have any questions.
