How long will it take for my loan application to be approved?
Once we have ensured you can meet the lending criteria, a loan can be approved in as little as one day.
What is the security for my business’s loan?
If the loan is for plant or equipment, the security will be the asset you’ve purchased, although we may ask for additional security or a guarantor, depending on our credit assessment of your business.
If the loan is for business expansion or acquisition, the security will be the assets of the business
What interest rates do you charge?
Our interest rates are competitive and vary depending on the amount borrowed, the loan term, and your credit history.
Can I change the amount of my loan after it is approved?
If you want to increase the amount, it simply needs to be approved by us. Just speak to us on 0800GVKMONEY or (09) 5751864
How long are the loan terms?
Our terms are flexible, ranging from one to seven years.
Is there a minimum loan amount?
$10,000 is our minimum loan amount.
Is there a minimum age for applying for finance?
Yes, you need to be at least 18 years of age.
What if I have no credit history?
You may not need to have any previous credit history to get a loan with us; however, we may ask you to provide a suitable guarantor for your loan.
What if I have bad credit?
Apply for a loan with us and we’ll assess your application. We have several Finance Companies that we deal with.
Can the business pay the loan off before the end of the term?
Yes, we can structure your loan so you can make lump sum repayments during the term without penalty. However if you pay off your loan in full before the end of the term, there is an early settlement fee.
Can I change my repayment amounts during the loan term?
We’ll always look at each loan individually and assess what we can do to help with repayments.
What is a guarantor?
A guarantor is someone who agrees to pay your loan if you don’t keep up the payments.