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Responsible Lending Code

Loan Direct

Responsible Lending Code

Although Loan Direct isn’t the lender directly (We arrange lending via our Loan Providers) we take obligations seriously and abide by all of the current legislation, namely “The Responsible Lending Code”. The Code can be viewed here: Responsible Lending Code (June 2022) [PDF]

About Loan Direct

Loan Direct is a Personal Loan Arranger. We have built relationships with many of the best NZ Lenders so that we have as many options as possible to offer to our customers. Our team of Loan Consultants work hard to provide our customers lending solutions that are best suited to their personal needs & goals.

When you apply for a loan we have some responsibilities to you, these include understanding your needs & goals, and your financial situation.

Depending on your circumstances the sort of information we may request from you is as follows:

  • Your personal circumstances including your age
  • What existing loans you have and whether they will be repaid with this loan
  • Recent bank statements to confirm your income and expenses
  • Whether your employment is full, part-time, or casual
  • What assets you have and their value
  • Details of your credit history and your consent to a Credit Check
  • Requesting to see your identity documents (drivers license/passport etc)

To understand your needs we may also ask the following:

  • The amount you would like to borrow
  • When you require the funds
  • The purpose of the loan
  • The loan term that best suits your needs/budget

It is very important to us that you understand your contract and we endeavor to do the following:

  • Make sure you know your rights and responsibilities before you sign the Contract
  • Have clear terms and conditions that are easy to understand
  • Ensure you understand the Interest Rate & Fees that apply to your Contract
  • Clearly specify any security being used and ensure you are aware of this
  • That you understand what may happen in the event of non-payment (repossession or sale of any property that you have provided as security)

This will allow you to make an informed decision about your loan.

Other websites that can assist you with borrowing money