Applying For A Loan With Loanplace Vs. The Bank

September 23, 2019

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One of the things some like to claim is that you are better off going to the bank for a loan than applying with us.

We thought it would be helpful for those considering applying for finance with Loanplace to get the facts straight first. 

We’re a New Zealand Government Registered Financial Services Provider. 

We have thousands of satisfied customers who’ve borrowed amounts from just a few thousand dollars up to several thousands, for reasons ranging from debt consolidation and home improvements to buying a new car or going on a much-needed holiday.

If you don’t want to take our word for it (we are, of course, biased), then read some of our hundreds of independently verified reviews.

We’re Agile: We Can Quickly Approve Loans Large And Small

The biggest advantage we have over the banks is that we are an impartial business that has strong working relationships with multiple finance companies in New Zealand.

That means we can match your application with the best lender based on your individual situation.

A bank, on the other hand, is only interested in lending you money itself — even if there’s a better option out there.

One of the best things about being a small, independent business is we can offer our customers great flexibility — often more so than the banks.

While applying for a loan through a major bank can require large amounts of paperwork, we pride ourselves on offering customers a quick, user-friendly online application that only requires you prove your income using our secure online portal.

Another advantage we offer our clients is our lightning-quick response and approval times. 

If you apply for finance with a bank, you can sometimes expect to wait days for a result. 

At Loanplace, our quick-and-easy online application process means we can process, approve and settle your loan within just two hours (that’s best-case scenario, of course — some applications are more complex and we rely on our customers providing their information quickly in order to deliver a fast service).

So while we are small and independent, we are not looking to scam anybody — just deliver fast, fair service.

We’re 100% Legit (And Fully Capable Of Beating The Banks’ Interest Rates)

Loanplace is a New Zealand Government Registered Financial Services Provider. 

We’re in business to help everyday kiwis get access to fast, fair finance with friendly, one-on-one service.

We deliver our service via our website and our hand-picked team of consultants here at our office in Christchurch. 

We’re also fully committed to responsible lending. Because we believe in only lending money to those who can afford to pay it back, plain and simple. 

Our team assesses each loan application fair and square. 

The interest rate we offer our customers is always directly in line with the information they provide in their application and their credit history. 

While the banks tend not to offer interest rates on loans lower than 13.95%, we’re able to beat that by about 5%.

If you have a particular question you’d like to ask us, we’d love to help!

You can get in touch with us on 0800 461 228 or email us directly at [email protected].