Finance Now Limited
Finance Now Limited, a subsidiary of SBS Bank, is a New Zealand-based financial services provider. They specialize in offering personal loans, car loans, and retail finance options to consumers across the country. Operating primarily online and through a network of retail partners, Finance Now aims to provide convenient and accessible credit solutions.
Their personal loan products cater to a wide range of needs, from debt consolidation and home renovations to travel and unexpected expenses. Loan amounts and repayment terms vary, allowing customers to tailor their borrowing to their individual circumstances. Interest rates are typically fixed, providing certainty over the life of the loan. Finance Now assesses loan applications based on credit history, income, and overall financial stability.
Car loans are another core offering, facilitating the purchase of both new and used vehicles. Similar to personal loans, these are structured with fixed interest rates and manageable repayment schedules. Finance Now often partners with car dealerships to streamline the financing process for buyers. They also provide secured loan options, using the vehicle as collateral.
Retail finance is a key component of their business model. They partner with various retailers, offering customers the ability to finance purchases directly at the point of sale. This includes a variety of products, from furniture and electronics to appliances and sporting goods. These finance options are often presented as "interest-free" or "deferred payment" plans, but it is essential for consumers to understand the terms and conditions, including any fees or penalties associated with late payments or non-compliance.
Finance Now is regulated by New Zealand law and adheres to responsible lending practices. They are required to disclose all fees and charges upfront and to assess the affordability of loans for applicants. They also provide information and resources to help customers manage their finances responsibly.
In a competitive lending market, Finance Now differentiates itself through its online accessibility, retail partnerships, and commitment to providing flexible financing solutions. While they provide a valuable service for consumers seeking access to credit, it's crucial for borrowers to carefully consider their financial situation and borrowing capacity before taking on any debt. Comparing different loan options and understanding the terms and conditions is always recommended.