Responsible Lending, and Easy Personal Loans is the mantra of Leading Kiwi Finance Company
Responsible Lending, and Easy Personal Loans is the mantra of Leading Kiwi Finance Company
Post: July 29, 2019
In a day and age where debt and interest can pile up, the leading kiwi finance company Yes Finance stands out from the crowd, as a responsible lender, with a considered approach.
Christopher, from Yes Finance, believes things are improving for borrowers and responsible lenders in New Zealand.
Responsible lending Code
The Responsible Lending Code was created by the Ministry of Business Innovation and Employment (MBIE) in order to provide guidance on lender responsibility. As a result lenders are becoming more accountable, more transparent and better communicators with their customers.
Yes Finance’s goal has always been to provide responsible lending services to its customers. And now the recent changes to the Responsible Lending Code now means that all lenders must help borrowers make informed decisions about whether to enter into a loan agreement.
Financial details
With Yes Finance, prospective borrowers can ensure their loans are tailor-made to their requirements by providing their financial details as part of the lending process. This enables Yes Finance to provide a payment regime that is suited to their budget and according to their needs.
“We can analyse their income, work out their budget, and figure out how much they can reasonably afford to borrow. That’s our responsibility” Christopher says.
“It allows us to adjust the terms, and payments to suit people with what they can afford, and not making it too burdensome. We generally don’t do anything longer that three years. This is so if, for example, you take out a loan to buy a car, you might end up wanting another car by the time that three years is up then you will be in a position to be able to do so.”
Check out Yes Finance’s simple and easy to use online applications
Have a listen to Yes Finance director, Peter Steel, talking to Marcus Lush on Newstalk ZB talking about why Yes Finance is the first choice in finance company for New Zealand businesses:
https://www.facebook.com/YESFinance/posts/2084846968213044
About Yes Finance
Yes Finance can assist you with SME finance, personal finance, travel loans, boat loans, chattel finance, plant and equipment finance, business loans, loans for equipment and machinery and asset finance. But no matter what kind of finance you need, the team at Yes Finance can offer you a real solution.
Yes Finance have been in business for 20 years, making them one of the oldest privately owned finance companies in New Zealand. They are an alternative to the rigid approach of the banks, providing customer focused solutions for commercial and personal finance. They are based in Auckland but operate throughout New Zealand.
