Frequently Asked Questions
Lending Policy
We provide loans / lend on vehicles that we supply, and all lending is done subject to your ability to service your loan, and our obligations as a Responsible Lender.
What price vehicle can I obtain credit on – i.e. how much can I borrow?
This is all dependent on your weekly budget – i.e. your ability to repay any borrowings. Normal payments range from $70 to $120 per week.
How long does it take?
Normal lending procedure is that provided that you have supplied all the information as detailed on the full application form (plus the supporting documents), and if required we have been able to complete the necessary finance / credit check then we aim to turn applications around in 4 to 5 days. However much of this assumes that we have a suitable vehicle in stock and that the necessary vehicle inspections have been completed.
How do I apply?
Complete the full application, provide your supporting documents, and scan these by email to us info@maxamise.co.nz. This is a fast track to approval.
Alternatively, apply online with our Pre-Sub Application form. This is to be submitted to us by email info@maxamise.co.nz. If you have used the pre-sub application form on our website the process will take longer , as you will still need to complete the full application form, and supply the necessary supporting information which enables us to access your application , ie copy of Driver’s License, Payslips x2 and or WINZ breakdown, 30 Days Bank statements, Proof of address, Security information if required.
If you have any questions, give us a call on 0274 426 376.
What do my payments have to be?
We normally work out a weekly payment that suits your budget, but as an indication these are normally between $70 and $120 per week, though there may be some cases where there are lower and/or higher weekly payments. These payments do not include the cost of insurance.
What is the maximum loan term and what are your interest rates?
- Approximately 3 years
- Current interest rates are 26.9%
- Penalty interest of 36%
What if I have adverse (bad) credit history?
This isn’t normally a problem. We discuss your credit history and tailor a loan / vehicle to meet your ability to repay. Standard lending terms apply.
What if I have no security?
This is not a normally a problem, though we would ask that you obtain a redirection from either you employer and / or WINZ.
Supporting documents:
Please remember to email info@maxamise.co.nz with your supporting documents. The supporting documents required are:
- Copy of full application (to be completed)
- Copy of your two latest payslips
- and/or copy of your WINZ breakdown
- Proof of address, i.e. your phone bill or your power bill – If you are in a Housing Corp home we prefer the front page of your tenancy agreement as proof of address
- Latest 30 days of bank statements
- Copy of your driver’s license and or your passport (we must have photo ID)
- Employment details (if applicable)
We try to make the process easy, but at the same time we are mindful that your budget has to allow for the costs of running and maintaining the vehicle that we supply, not just the weekly loan repayment. All vehicles must be insured, we are able to arrange cover in most instances.
Furthermore we acknowledge that your circumstances may change from time to time so please keep us updated on changes that may affect your ability to service your loan with us. If things are becoming difficult for you to make your payments we would rather that you contact us and make a payment arrangement than not – which may lead to repossession of your vehicle.
