Real Finance is a nationwide lender operating in the Consumer and Commercial markets.
Below are the costs of borrowing consumer credit through us. For commercial lending please see our Business Range. If you have any questions please contact us.Real Finance must ensure our consumer lending fees are and remain reasonable. If fees applicable to your loan account change during the course of your loan, we will notify you prior to making any such changes. As of 1 February 2023 our fee structure is:
Real Finance’s current standard interest rates on consumer lending range from 9.95% p.a to 39.95% p.a (check out our current promotions). The rate applicable to you will depend on your specific circumstances, taking into account:
Real Finance’s interest rates are fixed for the term of your loan. Interest is calculated daily on the remaining balance of your loan and is debited to your account weekly.
If you are looking to borrow funds for Investment or Business purposes, or to calculate what interest rate would apply to you as a Consumer Borrower, please contact us and speak to one of our friendly team about your unique lending situation.
In the event of a default in your repayments and while the default continues, you must pay the default interest rate on the overdue portion of your loan.
Default interest is calculated daily on only the overdue portion of your Loan account, and is debited to your account weekly.
The Default Interest Rate is 10.00% (Mini/Maxi/Rapid Class) or 20.00% (Super/Consol Class) per annum higher than the Interest Rate applicable to your loan.
Not all fees will apply to your loan. Our team will go through the applicable fees with you prior to you being provided loan disclosures, or other fees becoming payable.
“The interest rate, fees and other terms were all explained prior to signing up and in a clear and simple manner, so there were no surprises. It was so easy!”
© Real Finance Limited - A Registered Financial Services Provider - FSP3821
We provide consumer credit lending with terms of between 2 months and 48 months and our annual interest rates (AIR) are fixed for the term of the agreement. Our current annual interest rates range from 9.95% to 39.95% depending on credit profile, collateral and several other factors and are calculated in accordance with the Credit Contracts and Consumer Finance Act 2003 (CCCFA). Some fees will vary based on the new loan amount. Full details of all fees are available here. A loan contract will show all applicable credit fees and charges. See our Responsible Lending page of our website for further details.
Actual loan example – A loan of $10,640 was provided at an AIR of 6.58%, the applicable establishment fee was $181, Centrix Check of $10, Wheels Report of $11, PPSR search + registration fee of $15, and an administration fee of $18 per month ($648). Total interest was $1,141.03 making the total repayable $12,646.03 over 36 monthly installments. The comparison rate for this loan was 10.87% per annum.
Real Finance is a New Zealand Registered Financial Services Provider (FSP3821) participating in the Financial Services Complaints Limited Dispute Resolution Scheme (FSCL). Contact Information – Free Phone 0800 21 21 21. We are located at 69a Manners Street, Te Aro, Wellington 6011