What do I need to apply for finance?
To apply for finance in New Zealand, you typically need to provide certain information and documents to demonstrate your creditworthiness and ability to repay the loan. The specific requirements may vary depending on the type of finance you are seeking, such as a vehicle loan, personal loan, mortgage, or business loan. Here are some common things you might need when applying for finance in New Zealand:
Initial Money
Our requirements are:
While every application is different, these are the minimum requirements when applying for a loan, there are a number of ways you can both increase your chances of receiving finance approval and reduce the amount of interest applied to your loan.
To get more information talk to our team.
1. Identification
You will need to provide valid identification, such as a passport, driver's license, or other government-issued ID.
2. Proof of income
Lenders will often require proof of your income, such as pay slips, employment contracts, or tax returns, to assess your ability to repay the loan.
3. Bank statements
You may be asked to provide recent bank statements to show your financial stability and transaction history.
4. Credit History
Lenders will check your credit history to evaluate your creditworthiness. A good credit score/history increases your chances of getting approved for finance.
5. Employment Details
Information about your employment, including your job title, employer's details, and length of employment, may be required.
6. Security (for secured loans)
If you are applying for a secured loan, you might need to provide information about the security you are offering, such as property or vehicle.
7. Purpose of Finance
Be prepared to explain the purpose of the loan and how you intend to use the funds.
8. Personal References
Some lenders may ask for personal references to vouch for your character and reliability.
