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Fico Finance

101 basic facts

Personal Loans 101

Nothing here but the basic facts

Here is where your journey on a Fico personal loan begins and we'll try to cover all the easy stuff. 

First up, loans are our business at Fico and as business people (not bankers), we only make money when we say yes, so we love saying yes - it makes good business sense to us and it seems our clients never get tired of hearing it.

We only do personal loans between $5,000 and $100,000 and our current interest rate is from 12.95%.

Download Personal Loan Application PDF here

Personal Loan FAQ's (click on the questions for your answer)

What is the difference between Fico Finance and a traditional bank?
How much can I borrow?
What can I get a loan for?
Will a bad credit rating stop me getting a loan?
Can I get a loan if I'm a beneficiary?
Can I use my Fico loan to pay off other debt?
Do I have to be a New Zealand resident?
Can someone who is under 18 years old borrow money from Fico?
What are your terms and conditions?

The loans

Your actual loan

Banker free borrowing explained

We've tried to make personal loans at Fico as simple as 1, 2 and then 3.

From understanding what sort of loans we have, to our 'easy to follow' paperwork and application (not an interrogation) process, right through to having your loan funds available within 24 hours. This is how a loan should be - Fast, Easy, and Banker Free.

Banker Free Borrowing FAQ's (click on the questions for your answer)

What type of Personal Loans do Fico have?
What are the interest rates?
What sort of security do I need?
How much paperwork is involved?
Are there any hidden costs or fees?
Can I repay my loan early?
What happens when my loan is approved?

The Repayments

All the information, as painless as possible

All repayments of personal loans at Fico are done through Direct Debit (DD).

This is arranged before you sign the official loan document. Because DD's are regularly scheduled and automatically performed by your bank you have no headaches about trying to remember dates, amounts, or when they're due.

Repayment FAQ's (click on the questions for your answer)

How long do I have to repay my loan?
How often do I make repayments?
How do I find out how much I owe on my loan?
How do I make repayments?

For your protection

In a non threatening way

Fico is a responsible lender so we need to be confident you can afford the loan repayments before we approve anything. But we also know the only constant in life is change (and maybe taxes), so when things do change it's best to know what options you have.

Loan Protection FAQ's (click on the questions for your answer)

What is a Payment Protection Waiver and do I need it?
What happens if my circumstances change?
What happens if I have a concern or a complaint?
What consumer protection laws cover my loan with Fico?