Lending Room

EXCELLENT | 4.7 out of 5


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  • You need to be at least 18 years old
  • Valid Photo ID:
Option 1: NZ Drivers Licence
Option 2: Passport
Option 3: Kiwi Access Card along with an embossed + signed bank card
  • A NZ Citizen, Resident or hold a valid work visa
  • Receive a regular source of income of $600 weekly or more, this can be through employment or a Government benefit.
Yes, for personal loans we do charge a fee, this is called a broker or introducer fee. As every application is unique, the fee charged will vary depending on the work and time spent on attaining the loan approval for you. The broker/introducer fee can be added to the total loan amount and is not required to be paid up front. For home loans we are paid a commission from the bank for successful applications, in some instances where a commission is not paid, then a fee may be charged. All fees that apply to your lending will be discussed with you before you commit to anything.

Yes, if your Work Visa is valid for a minimum of 12 months you are eligible to apply. The loan term would be limited to the expiry date of your Visa and security may be required, for example a freehold vehicle. To discuss your personal circumstances, please give us a call.

Yes, as long as you are receiving income of $600 weekly after tax, you are welcome to apply. The maximum amount you can borrow will be subject to the loan purpose, your affordability and credit history.

General FAQs

We offer personal loans, debt consolidation loans, vehicle loans, business loans and home loans. For both personal and business loans these can be secured or unsecured, whereas vehicle loans are secured using the vehicle you are purchasing as security.

Our lending criteria varies. We are a broker and work closely with a number of trusted finance partners, this enables us to offer flexible lending criteria, covering the wide range of needs and personal circumstances of our clients.

For vehicle finance yes, you will need to hold a valid NZ Drivers Licence. If you are applying for a loan for any other purpose, we can also accept a Passport or Kiwi Access Card along with embossed + signed bank card.

For personal loans, the interest rates our finance partners offer are from 9.95% per annum and home loans are from 7% per annum. The interest rate you will be offered is determined by your personal profile, including credit score and history and if any security is being offered. Rest assured our dedicated team work very hard to find the best deal for you, if the rate you are offered doesn’t work for you, talk to us.

*Rates are subject to change.

We offer both secured and unsecured lending options. Security may be required if you have adverse credit history or to secure a lower interest rate.

Yes, you can pay off your loan in full at any time. An early repayment fee may apply and varies between lenders; details of these fees (if any) will always be on the loan contract you sign.

Home loan FAQs

Mortgage and lending planning fee 

Lending Room advisers are usually remunerated by way of commission, by the providers of the loan products we recommend. On occasion, some providers may not pay a commission. In this situation, we will charge a fee for our advice. The fee payable will be a reflection of the time required to obtain a loan approval for you. Where a fee will be payable for the advice, your Lending Room adviser will agree the amount of the fee with you prior to obtaining a lending approval. This fee can be added to your loan amount and will be paid to the Lending Room at the time your loan is advanced. 

Where an adviser from Lending Room has obtained an approval from a lender who does pay commission, but you decide not to proceed with the loan, a fee of up to $2,250 will be payable as remuneration for the time spent on getting an approval. This fee is payable within 7 days of you deciding not to proceed with an approval. 

Mortgage and lending service fee 

Should you proceed with a loan implementation after advice from your Lending Room adviser, and then repay or refinance your loan within 28 months of your loan being advanced, without giving you’re Lending Room adviser the opportunity to assist you with a refinance, Lending Room may charge you a fee of $150 per hour for the time spent to get the initial loan approved and implemented. The maximum fee will be $2,250 (15 hours). In some instances, advisers may charge a higher fee depending on the level of service provided. Your Adviser will agree with you any applicable fees.

Talk to us! We are accredited with a wide range of banks and lenders, including non-bank lending. Leverage our experience. We’re here to help you find the best solution and achieve your goals.

There are a number of options; your personal savings, KiwiSaver, First Home Grant from Kainga Ora, help from family (gifting) or existing equity from property you already own.

A home loan pre-approval is acknowledgment from the bank or lender that you can borrow an agreed amount, provided the property meets their criteria and any other conditions outlined in the pre-approval.

This can vary. Banks and lenders can generally take up to 10 working days to get back to us with a decision. Rest assured, your dedicated adviser will work with you to ensure your application is processed as quickly as possible and that your application is submitted to the right lender if you have a deadline to meet.

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