FAQs

How do I apply?

Just click apply now. This will take you to the step by step application page where it will take just a few minutes to apply. Alternatively give us a call on 0800 728 553.

What is the Criteria of Paul Kelly Finance?

The criteria for borrowing is different depending upon your situation and requirements.

We have compiled a list of most commonly asked questions and suggest you have a read through these. Once you have done this, either complete the full application form or feel free to give us a call on 0800 728 553.

How much can I borrow?

This is dependent upon a number of factors:

  • How much you actually need
  • How much you can afford to pay
  • The security you have

Please complete the application form and we will give you a call. If we can’t approve the full amount we will discuss with you what we can do.

When will I get the funds?

Sometimes the same day you apply. If not, probably the following day. Either way, it never takes long.

How old do I have to be?

You need to be at least 18 years of age in New Zealand to sign a loan contract.

Do I need to be working?

Usually yes, however we will consider all scenario’s. Any application must be supported by income and expense information that meets our income calculation. (This may also rule out low income earners.) You still need to meet our affordability criteria so we also look at your outgoings like rent/board/mortgage payments.

Interest Rates?

Interest rates are fixed for the term of the loan. The rate charged will depend on your financial circumstances taking into account:

  • how much you want to borrow
  • the term of your loan
  • your income
  • your other financial commitments
  • your credit history

To understand the rate that will apply to you, please call 0800 728 553.

What is a ‘Secured’ loan?

A secured loan is a loan where the borrower pledges some asset (e.g. a car, boat, caravan, property) as back-up (security) for the loan. Providing security can help you borrow a larger amount and can help reduce the interest rate we offer you.

What is an ‘Unsecured’ loan?

There is no requirement for the borrower to provide any collateral for an unsecured loan. Typically, this means that the amount you can borrow is less and the interest rate charged is normally higher.

What security do I need?

Generally the purchased item is sufficient as security on the loan.

How long can I borrow the money for?

Up to 60 months to approved purchasers.

How long does it take to get a loan?

The process starts once we have all the information from you that we need to make a loan application. It can vary depending on the nature of the loan but we always aim to get it done as quickly as possible.

What can I do to speed the process up?

To help us get the quickest approval possible we will need your photo ID, 60 days’ bank statements, and proof of your income. These can be emailed or faxed to us. The sooner you send us this information the sooner we may be able to approve your loan.