Loan Of The Month – June
Every month, we’ll pick a loan where our team found a solution to a challenging need, and discuss how we helped…
Stay tuned with the latest news, offers and tips from our passionate team of Personal Loan Consultants. Want to know something we haven’t already written about? Let us know and we’ll blog about it!
Every month, we’ll pick a loan where our team found a solution to a challenging need, and discuss how we helped…
How debt consolidation can help even if you have a less than perfect credit score…
Loansmart is a proud member of the Financial Services Federation (FSF). This accomplishment speaks volumes about our dedication to responsible lending practices…
In the midst of a daily grind, it can be easy for the mind to wander. From wondering what you can do with your weekends…
That’s a lot of people who have fallen behind on their personal loan, car, credit card or mortgage repayments…
With major economic events pushing the cost of living higher and recent weather disasters causing disruption to many lives…
Are you finding it difficult to keep track of multiple loan payments? If so, you’re not alone. With the current economic climate leading to more and more people taking out loans to cover basic living costs, having multiple loan balances can be overwhelming.
Are you finding it difficult to keep track of multiple loan payments? If so, you’re not alone. With the current economic climate leading to more and more people taking out loans to cover basic living costs, having multiple loan balances can be overwhelming.
The New Zealand personal loan market is facing a surge in demand. In August, Centrix reported a 10-month high in personal loan borrowing, with more than $500 million in new loans.
A lot of people think they have no choice but to choose high cost lenders if they have a poor credit score, but that is not true.
*Annual Interest Rates (AIR) range from 9.95% p.a. to 35.50% p.a. with loan terms of 6 months to 84 months. Fees apply.
Example: A loan of $10,000 over 60 months at 12.95% has a Lender Establishment Fee of $215, a Loansmart fee of $745 and a weekly payments of $57.33. The total amount payable is $14,906.36. This equates to an Annual Percentage Rate (APR) of 17.12%
Loansmart Limited is an Associate Member of the Financial Services Federation, we support and promote responsible behaviour when providing financial services to New Zealanders. Here are links to the Responsible Lending Guidelines and The Code of Responsible Borrowing.
1. Loansmart Limited (FSP #7461, trading as Loansmart) holds a Full Class 2 Financial Advice Provider Licence issued by the Financial Markets Authority to provide financial advice, and is a member of Financial Services Complaints Ltd, our FSCL Number is 617.
2. It is free to complete an application with Loansmart. A fee to use our service is only applicable when you enter into a loan arranged by us.
3. *Rates of 9.95% are subject to lending criteria and eligibility. 1-hour approval and same-day payout subject to the applicant meeting our lending criteria and supplying all the information we need to process their application. We do not offer “short-term” loans, the terms offered by our providers range from 6 months to 84 months.
4. Annual Percentage Rate (APR): Also known as the ‘comparison rate’, the APR is calculated by adding together the AIR plus any additional fees that may apply (like establishment fees charged by providers). New Zealand law does not require APR disclosure, but doing so can better highlight borrowing costs.