In this document, references to “we” or “us” are to Ferratum New Zealand Limited,132 Hurstmere Road, Takapuna, Auckland, 0622 New Zealand (and references to “our” are to be interpreted accordingly).
Ferratum New Zealand is here to help you through hard financial times. Our aim is to, as far as possible, assist you with your daily financing needs. Keep in mind personal loans, cash loans, text loans, and microloans are for short-term use only. If you have serious budgeting problems please contact your local municipality. Therefore, we would also like to point out – Please do not borrow more than you are able to borrow and repay responsibly.
What We Require?
If you decide to choose us as your personal loans, cash loans and microloan provider, we will require the following from you:
- New Zealand or Australian Citizenship or permanent residency;
- Holder of a valid New Zealand driver’s license;
- Holder of a valid New Zealand mobile phone number;
- Holder of a valid New Zealand bank account (in your own name);
- No open or outstanding loans with Ferratum;
- Receive sufficient income to repay an approved loan;
- A current bank statement showing your most recent 90 days of transaction history*;
- Show your ability to meet minimum lending criteria and affordability requirements to borrow from Ferratum.
You should be sure you can afford to repay them before applying. You must fill in your genuine income and expenditure details in the loan application form. *to find out more about on providing your bank statement, please check our FAQs page.
What We Offer!
As the lender of your choice, we will always make our best efforts to respond to your personal loans, cash loans and microloan requests. We will do our best to provide you excellent and professional service. This is what we stand for and what we always strive to deliver:
- Market leading application possibilities: online
- Quick and accurate loan decisions
- Money in your account in as fast as 25 minutes
- 100% transparency
- No hidden fees – what you see is what you get
- Free and professional customer service
- Confidentiality and data protection
What We Encourage.
As a New Zealand government registered lender, Ferratum New Zealand Limited understands that sometimes life happens and we may find ourselves in short term financial difficulty. That is why we have a team of collection agents on hand to help you if you struggle to pay on your repayment date. Unfortunately, paying later than the agreed due date will incur additional fees and charges and depending on the delinquency, may also damage your credit rating. It is for this reason that we urge all applicants to be sure they can afford to repay the loan before confirming acceptance of any offer we provide.
A quick cash loan should only be used for short-term financial needs and is not appropriate for long-term borrowing (and would be very expensive if used in this way), or if you are experiencing financial difficulties.
We strongly advise you: Before you apply for a loan, carefully think once more about your decision.
Important Notice: Loan Cancellation
Under a consumer credit contract you may cancel the contract by giving written notice of the cancellation to us under the contract within 5 working days of the day that disclosure is made under Section 17 of the Credit Contracts and Consumer Finance Act 2003.
The law gives you limited right to cancel the consumer credit contract, however this right of cancellation does not apply if the credit is provided for a specified period of less than two months and no part of credit is used, with the knowledge of the creditor, to pay amounts owing to the creditor or a related company under another credit contract.
We are a responsible lender, serving a loan with high interest. If you are not able to repay back your loan amount on the agreed due date, due to the high-interest rate, we will happily allow you to cancel the contract by giving written notice of the cancellation to us within 5 working days of the day that the Facility Disclosure Statement and Loan Disclosure Statement. However, we may exclude your next loan application because we are a responsible lender.
We will not charge any fees and interest against a cancelled loan amount. However, you must return the cleared loan amount (cash deposit) to our bank account on the same cancellation date. If this condition is not met, other fees and interest may be charged pursuant to the Terms and Conditions.