Future Finance

Future Finance, personal and business loans in New Zealand

Future Finance is a New Zealand financial institution dedicated to providing personal and business loans nationwide. Its head office is located at 100 McLeod St, Hastings, and it operates under the legal name Future Finance Ltd. The company presents itself as a wholly New Zealand-owned and operated firm, with more than 25 years of activity in the sector and tens of thousands of individual and business clients served.

Types of loans offered

Future Finance's product range covers a wide variety of personal and business loans. Personal options include loans for debt consolidation, car purchase and repair, home renovations, dental and medical expenses, holidays and travel, emergencies, weddings, education and funerals. The company also offers business loans, for which it has a team specialising in business finance.

Application and approval process

The application process can be started online or by phone. According to the company's information, the online form takes about two minutes. A quick review then follows, in which the details are verified and affordability is assessed responsibly. Once the application is approved, funding can be provided the same day, often within hours.

Loan terms

Repayment terms offered range from 6 months to 5 years. Interest rates are fixed and range from 11.99% to 27.99% per annum. The rate applied depends on the applicant's credit history, the security offered and their overall credit profile. The loan term is determined by the client's financial circumstances, the amount requested, the security, income, other financial commitments and credit history. The company states that it does not associate itself with high-cost lending.

As a representative example of the total cost of a loan, the entity indicates that a $10,000 loan over 36 months with an annual interest rate of 12.99% would total $12,846, made up of $10,000 principal, $2,182 in interest, a monthly admin fee of $5 and an establishment fee of $485. This example assumes weekly repayments and does not include premiums for any optional waivers or additional fees.

Track record and team

The company states that it has more than 25 years of experience lending to New Zealand individuals and businesses. Lee and Steve, together with the rest of the team, lead the firm, where several members have been working for more than 15 years. Future Finance presents itself as New Zealand's only finance company with five stars on Trustpilot and as the country's leading boutique firm. The company emphasises that its experience in processing thousands of personal loan applications allows it to assess each case beyond the credit score, taking the applicant's personal circumstances into account.

Customer service and consumer protection

Future Finance serves its customers by phone and online. The company reminds borrowers that they are protected by responsible lending laws and that the recommendations provided about loans do not constitute regulated financial advice, so the conduct and licensing obligations that apply to financial advisers do not apply.

Location and contact

100 McLeod St, Hastings