Financial Loan
CASH4U NZ
Financial loans
Unexpected costs can cause financial struggles and stress. cash4U NZ provide accessible and affordable ways of getting through financially difficult situations.
We specialize in short term loans often between 1week to 6months.Loans between $100NZD upto a $1000NZD. USing your information from our online application we work out your needs and give you the most flexible finance option that suits yours need and ability to repay the loan.
Eligibility for a loan
To be eligible for a Loan with CASH4U NZ you must be over 18years old and must be New Zealand citizen.
Provide Photo Id (driver lic, passport)
Proof Of Address (A recent letter with your name and adress)
Bank statments proving source of income.
COSTS OF BORROWING
When you take out aloan with us You Wil be charged interest and some costs associated with Processing your application.
Interest rates very (30% currently ) and is fixed ffor the period of the contract we have with you.
-Example if you Borrow $500NZD for two weeks at 30% Interest that would work out you paying $5.87 in interest on top of the $500 you initially borrowed.
Processing Loan Allocations is payment to CASH4U NZ the time and recourse required to set up and process your loan(around $60NZD).
Loans longer then a month are charged maintenance fee of $7.50NZD every month. -Example if you borrow $500NZD for 2weeks the processing fee would be $125NZD. You can request a statment at any time.
COMMITMENTS TO REPAY THE LOAN
We Wil do every thing we can to try make sure this is not going to happen.We expect our customers to do every thing they can not to default.If you think your going to miss a payment we strongly encourage you to get in touch with CASH4U NZ to discuss it.
DEFAULT INTEREST
Charged from the time you fail to make a due payment until the arrears are paid.The charges are calculated by multipling the amount in arrears at the end of the day by daily default interest rate.The interest rate is calculated by dividing the annual default interest rate by 365.With Interest being charged to your account weekly.The default annual rate varies currently 63%.
DEFAULT FEES
-$8.50 charged weekly
-Reminder letter $10 per letter sent
-Payment dishonor $15 per letter sent
-Second reminder letter $10 per letter sent
-Over Due Letter $20 per letter sent
-Demand letter $40 per letter sent
-Loan contract fee $10 per letter sent
Using your information from our online application we work out your needs and give you the most flexible finance option that suits yours need and ability to repay the loan. Eligibility for a loan To be eligible for a Loan with CASH4U NZ you must be over 18years old and must be New Zealand citizen. Provide Photo Id (driver lic, passport) Proof Of Address (A recent letter with your name and adress) Bank statments proving source of income. COSTS OF BORROWING When you take out aloan with us You Will be charged interest and some costs associated with Processing your application. Interest rates very (30% currently ) and is fixed ffor the period of the contract we have with you. -Example if you Borrow $500NZD for two weeks at 30% Interest that would work out you paying $5.87 in interest on top of the $500 you initially borrowed. Processing Loan Allocations is payment to CASH4U NZ the time and recourse required to set up and process your loan(around $60NZD). Loans longer then a month are charged maintenance fee of $7.50NZD every month. -Example if you borrow $500NZD for 2weeks the processing fee would be $125NZD. You can request a statment at any time. COMMITMENTS TO REPAY THE LOAN We Will do every thing we can to try make sure this is not going to happen.We expect our customers to do every thing they can not to default.If you think your going to miss a payment we strongly encourage you to get in touch with CASH4U NZ to discuss it. DEFAULT INTEREST Charged from the time you fail to make a due payment until the arrears are paid.The charges are calculated by multipling the amount in arrears at the end of the day by daily default interest rate.The interest rate is calculated by dividing the annual default interest rate by 365.With Interest being charged to your account weekly.The default annual rate varies currently 63%. DEFAULT FEES -$8.50 charged weekly -Reminder letter $10 per letter sent -Payment dishonor $15 per letter sent -Second reminder letter $10 per letter sent -Over Due Letter $20 per letter sent -Demand letter $40 per letter sent -Loan contract fee $10 per letter sent.
