What is required to apply for finance?
A current drivers licence is compulsory for all applications.
Two forms of ID. Drivers licence is compulsory Acceptable forms of ID are; driver’s licence, 18+ card or passport or a recent power bill.
At least two month's of Bank statements and they must show directly credited income into that account.
A completed application form. Click here to apply.
What we look at to approve an application?
Credit Check: A credit check is done with our credit source Veda Advantage to check your credit history.
Licence Check: We check your licence online to check that it is a valid restricted or full licence.
Character: we look at things like how long you have been in your job, how long you have lived at your address.
Capacity: this is where we look at your capacity to make repayments. This is seen by looking at your current income going into your bank account or confirmation of payslip or employment contract. We also look at your outgoings and bank statements to check your account history and fluctuations.
Collateral: we run online checks to check your collateral that will be used to secure the loan. We look at type of vehicle, km’s done and if the car is warranted and registered in your name. A personal property security register PPSR check is done through the companies’ office to ensure that the vehicle is not secured by any other interested party.
This process will only take a few minutes. If all of the above meets the lenders approval, we will give you formal approval. Documents are then generated; and you will be asked to meet with us to sign documents.
78 Rostrevor Street Hamilton
(07) 834 3296