Rates, Fees & Terms

Interest Rates

Interest rates vary depending on the nature of the security, the loan-to-value ratio (LVR), and the overall risk profile of the application.

Commercial & Business Loans: Rates typically range between 14.00% p.a. and 17.00% p.a. These loans are not subject to the Credit Contracts and Consumer Finance Act (CCCFA).

Consumer Loans: Rates for consumer protected lending typically range between 17.00% p.a. and 20.00% p.a., structured in full compliance with CCCFA regulations.

Default Terms

In the event of a default in payment, a default interest rate will apply to the overdue amount. This is typically the annual interest rate plus an additional margin of 10.00% p.a.

Persistent or uncured defaults may lead to enforcement action as permitted under the Property Law Act 2007 and, where applicable, the Credit Contracts and Consumer Finance Act 2003.

At Core Finance, we provide transparent financial solutions for New Zealanders. Below is a comprehensive overview of our current lending rates, standard fees, and disclosure terms for both our commercial and consumer lending facilities.

see full disclosure below

Establishment Fees

Establishment fees vary depending on the nature of the security, the loan-to-value ratio (LVR), and the overall risk profile of the application.

Commercial and Business Loans: Fees typically range between 2% and 4% p.a. These loans are not subject to the Credit Contract and Consumer Finance Act (CCCFA).

Consumer Loans: Fees for consumer protected lending range between $450 and $1000 p.a, structured in full compliance with CCCFA regulations.

Hardship & Disputes

If you encounter unforeseen financial hardship, we encourage you to contact us immediately. Under the CCCFA, you may have the right to apply for a hardship variation to your loan contract. We are committed to working with our clients to find sustainable solutions during difficult times.

Dispute Resolution: If you have a complaint that we cannot resolve directly, you can contact our independent dispute resolution scheme, Financial Dispute Resolution Service (FDRS), at 0800 337 337 or visit www.fdrs.org.nz.