Consumer Loan

Our Financiers Consumer Loan product is a convenient and flexible way for you to obtain finance for the New or Used car of your choice. The vehicle is used as security for the loan, however you have ownership from the beginning of the contract. Upon the final payment you get clear title to the vehicle. A Consumer Loan is regulated under the terms of the Consumer Credit Code.

• Terms range from 12 to 84 months
• Interest Rate is fixed for the term of the loan as are your repayments.
• Your can pay your loan via the convenient method of Direct Debit or BPay
• You can make a deposit to the transaction of any amount.
• Payments can be made as often as you like (ie Weekly, Fortnightly) via the Bpay method.
• Other costs associated with the purchase can be financed on the contract (like, Comprehensive Insurance, registration and on-road costs)
• You can specify a larger final payment (known as a balloon)

• Payments can be structured to suit you individual needs, with your budget and cashflow taken into consideration.
• With a fixed interest rate you are protected against the market fluctuations
• More frequent payments reduce your interest charges and the term of your loan.
• By financing other costs and insurance you can preserve your cash for other purposes.
• A deposit will reduce your repayments and your interest charges by reducing the amount borrowed.
• A balloon payment has the effect of lowering your regular monthly payments and making your car more affordable.

GST is not payable on any part of the Consumer Loan transaction however may be payable on the purchase price of the vehicle or the other items like Insurance.

Non conforming loans

• Consumer loan Features
  
• Fast approvals
  
• Little or No deposit
  
• Terms range from 12 – 84 months