Platinum Finance

Platinum Finance, loan brokerage in Christchurch

Platinum Finance Ltd is a boutique financial brokerage based in Christchurch, New Zealand, that arranges loans for clients across the country. Its activity is supported by a network of more than fifteen lenders, which allows it to present different financing options without being tied to a single lender. The firm presents itself as a company holding a Class 2 Financial Advice Provider licence issued by New Zealand's Financial Markets Authority, with registration number FSP40922.

Financing products

The brokerage's offering covers six main loan categories:

• Car finance, from entry-level vehicles to luxury models.
• Personal loans tailored to the applicant's situation and goals.
• Business finance to support business activity.
• Marine finance for boats, jet skis and other watercraft equipment.
• Leisure finance, aimed at campervans, caravans and similar vehicles.
• Motorcycle finance.

How it works

The process described by the company is organised in three steps: the client sets out their needs via a short form, the brokers compare terms across the more than fifteen lenders on their panel and, once the application is approved, the funds are released. The firm states that the application can be completed in around three minutes and that it does not affect the applicant's credit score. According to its own presentation, same-day funding may be available if the required documentation is completed and verified before 2:00 PM.

Loan terms

The published information indicates terms of between 12 and 84 months and interest rates of between 8.95% and 29.99% APR, depending on credit history, financial situation and whether or not security is provided. Approval is subject to lender criteria, affordability checks and responsible lending rules. Among the fees cited are establishment fees of between $125 and $355 depending on the lender, introducer fees of up to $2,500 depending on the amount and the time spent, and possible PPSR fees. The site includes an illustrative example of a $10,000 loan over 24 months at a fixed rate of 10.95% per annum, an establishment fee of $250 and 24 instalments of $477.49.

Track record and team

The company states that it has been operating since 2003, with more than twenty years of activity, and puts the volume of settled transactions at more than $1 billion. Its team is made up of eleven professionals including directors, financial advisers, finance consultants and a business consultant. Matt McEwan is listed as director and founder, and Qiays Longman as director and financial adviser.

The brokerage's approach

Platinum Finance emphasises its independence from lenders, the negotiation of terms and discretionary pricing, and personalised service as the cornerstones of its model. The firm describes itself as a boutique brokerage focused on helping New Zealand clients arrange their finance quickly and in line with their goals.

Location and contact

Christchurch, New Zealand · Phone: 0508 275 284 · Email: enquiries@platinumfinance.co.nz