Obtaining NZ personal loans is almost impossible these days. If you’ve been with your current bank for the past ten years or more, there is still no guarantee that you will be approved.
The reason is that many banks have been forced to visit their lending policies, making adjustments that have made it almost impossible to be approved for financing, especially for a personal reason.
The fact is that with most of the banks you have to prove you don’t really need the money in order to be approved. This may sound ridiculous, but if you think about it. In order to have NZ personal loans approved by a bank you need cash in the bank, you need a stellar credit score and you need to argue with them that you can manage without the money.
The whole reason you are probably applying for financing is that you need the cash urgently for some reason, maybe to manage unexpected home repairs or vehicle repairs. Now if you didn’t need the money, you wouldn’t be asking, which is why their new policies are degrading to so many of their customers.
The best alternative to approaching your bank for NZ personal loans, is to use one of the private financial providers which you can find online. Yes Finance is one of the top online providers. This financial provider company has been operating in New Zealand since 1997 and have helped thousands of private and businesses obtain the cash they need.
Choosing a private provider is much easier than applying through a regular bank, while they still have their set application process, obtaining the finance you need is so much easier than through the bank and the chance of your application being approved is increased.
Introducing Yes Finance
Yes Finance has been helping people with NZ personal loans since 1997. They offer an easy online application process and can often give an answer in the shortest possible time.
In a majority of cases if you have chosen to apply for financing, you probably need the cash in a hurry. Maybe your car has broken down and is now sitting in your garage until you have the funds to repair it or maybe your hot water cylinder has burst and your insurance doesn’t cover it.
You never know when something will go wrong and if you don’t have the immediate cash to do the repair, the next step is to apply for NZ personal loans.
http://YesFinance.co.nz offer financial solutions from $500 to $25,000 over one to three year payment plans. They do require all applicants are eighteen or older and are residents of New Zealand.
The monthly payments that you agree on is automatically deducted from your bank account via direct debit, reducing the risk that you forget to make a payment. Their application is easy and the type of loans on offer range from personal to business and motor vehicle to vendor.