Fenda proudly partners with Thorn Finance to offer personal loans from $5,000 - $30,000 with interest rates ranging from 9.95% - 29.95% p.a.
As a result, we’re able to provide loan options for different financial situations and credit profiles – including pre-approved loans.
Why choose finance through Fenda
- The loan application is part of the Fenda process and is entirely online.
- It only takes a few minutes to apply and we’ll give you a decision within 60 seconds.
- Our interest rates from 9.95% p.a. are very competitive.
- Our fees are some of the lowest in the vehicle finance market.
- No printing paperwork for verification – we’re able to check everything online (if you supply us all the required information).
- You can get loan pre-approval before you start looking so you can shop with confidence.
- When your finance is approved, the Fenda service of checking the car out, the VTNZ inspection, and the Fenda administration service is free of charge. Get pre-approved now
Here are Thorn’s rates and fees:
Annual Interest Rate: 9.95% - 29.95% p.a.
Application Fee: $75
Late Payment Fee: $15
Refinance Fee: $75
Early Repayment Fee: $60
PPSR Fee (for secured loans only): $8.05
Monthly Admin Fee: $5 per month.
Penalty Interest: 5% p.a. above prevailing rate.
Thorn lending terms and conditions apply.
Here’s why financing might be the best option for you
Getting a loan for your vehicle may let you buy a newer, safer, more fuel efficient and reliable car, with lower maintenance costs to pay over the longer term.
When you finance, you’ll be able to see exactly how much you’ll be paying every month which will make it easier to manage your ongoing budget. Breaking down a large purchase into smaller regular repayments often makes this more affordable too.
Once you’ve got your loan, make sure you keep up with your regular repayments as this information is now recorded on your credit file. Keeping up with your repayments will demonstrate to other lenders that you are managing your current financial commitments and may be credit-worthy for future lending. If you are having difficulty making your repayments, make sure you contact your credit provider as soon as possible.
About Thorn Finance
Thorn Finance is Fenda’s primary lending partner because of their innovative approach to online lending, their commitment to their customers, and the many options they offer Fenda buyers.
Thorn Finance began business in 1962 and has grown into a substantial finance company with multiple brands operating in different markets. Thorn Finance has approved more than 350,000 lending applications for Kiwis and this number is increasing every day!
For more information visit www.thornfinance.co.nz.
