Mint Finance Review for Potential Borrowers

Mint Finance Review for Potential Borrowers

This review will help you gain a better understanding of Mint Finance. Mint Finance can help you get the funds you need to grow your business or get you through difficult financial periods. Read the following Mint Finance review to find out more.

Mint Finance Review – Basic Figures for 2021

Website

https://mintfinance.co.nz/

Logo

Loan Amount

$5,000 and $500,000

Loan Term

3 months to 5 years

Unsecured Loans?

Unsecured Loans are Available

Lender Requirements

  • Proof of financials or profit and loss statements
  • Business bank statements for the last three months
  • A valid photo ID

Response Time

Approval normally within one hour. Money in the bank in 24h.

Easy to Apply

Yes, fully online

Credibility & Company Story

A refreshing-take on business finance: We understand business and what business owners need from their finance partners. In a nutshell, that’s expert support and fast decisions so that you can drive stellar business performance.

We work with leading business finance lenders – such as Heartland, Open For Business and Spotcap – to find the right lending solution for our business clients. And as a digital savvy lender, we focused on making the whole process hassle-free and fast. Time is money as they say.

As part of the One Partner Group, MINT is owned and operated by New Zealand entrepreneurs, Sam Cavanagh and Amos Banbury: two well known industry leaders, with a proven track record for both creating a great borrowing experience and helping clients with smart lending decisions.

Since 2014, the One Partner Group has facilitated over $185,000 million in lending and has worked with over 13,000 borrowers. We look forward to finding out how we can help you with your business finance needs.

Credibility Score:
5/5
Expedited Application to Mint Finance

Features of a Mint Finance loan

  • Various loan amounts. With Mint Finance you can borrow from $5,000 to $500,000 depending on what you need the finance for and your current business standing.
  • Loan term. Loan terms range from 6 months to 5 years.
  • Interest rate. Interest rates start at 8% p.a. for secured loans with a maximum rate of 19.95% for unsecured loans.
  • Time to finance. You can receive your funds within 48 hours of your loan being approved.
  • Repayments. Depending on the type of finance, you will make monthly or quarterly repayments by direct debit from your chosen bank account.

Mint Finance Business Loans Client Reviews

The Feedback:
"Working with MINT was great – not only because they were so easy to deal with and obviously knew what they were talking about, but for me most importantly, they were quick to sort out lending that was right for what I needed." -Ale Benintende
"Referring a client to a lender is no small thing: you have to trust that they’re going to focus on your clients needs, provide sound guidance and do all of that without delay. That’s why we like MINT – they get what business owners need in a finance partner." - C Hayden, Auckland
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Client Reviews Score:
5/5
Expedited Application to Mint Finance

Mint Finance Rates & Pricing

1.* Rates of 7.95% subject to lending criteria and eligibility. 1 hour approval and same-day payout subject to the applicant meeting the lending criteria and supplying all the required information to process the loan application.
2. Our lender will independently assess whether you are eligible for a loan. We don’t provide advice on whether a particular car loan offered by a lender is suitable for you.
3. You are protected by responsible lending laws. Because of these protections, the recommendations given to you about lending through Mint Finance are not regulated financial advice.
This means that duties and requirements imposed on people who give financial advice do not apply to these recommendations. This includes a duty to comply with a code of conduct and a requirement to be licensed.

Secured Loans: Fixed interest rates range from 8.0% p.a. secured to a maximum of 14.95% p.a. on a minimum 12 month to a maximum 60 month term. A loan establishment fee of $240 applies. Minimum term 3 months.

Unsecured Loans: Fixed interest rates range from 9.0% p.a. secured to a maximum of 19.95% p.a. on a minimum 12 month to a maximum 36 month term. A loan establishment fee of $240 applies. Minimum term 3 months.

Example: A loan of $5,000 over 12 months at 13.95% has fees totaling $240 and a total repayment of $5,644.33, equating to 12 monthly payments of $470.36.

Interest Rate Score:
5/5
Expedited Application to Mint Finance
Mint Finance Review Summary

Name: Mint Finance

Summary

Mint Finance can help you get the funds you need to grow your business or get you through difficult financial periods.

You can take out a loan to purchase inventory or equipment, pay for renovations, hire new staff, start an advertising campaign, pay for unexpected expenses or to manage cashflow.

Mint Finance is a credit representative of One Partner Ltd, a registered financial service provider and uses bank-level 256-bit encryption to keep your data safe.

Overall
89%
89%
  • Credibility - 91%
    91%
  • Client Reviews - 84%
    84%
  • Website - 91%
    91%
  • Compatibility - 90%
    90%

Pros

  • Various loan amounts. With Mint Finance you can borrow from $5,000 to $500,000 depending on what you need the finance for and your current business standing.
  • Loan term. Loan terms range from 6 months to 5 years.
  • Interest rate. Interest rates start at 8% p.a. for secured loans with a maximum rate of 19.95% for unsecured loans.
  • Time to finance. You can receive your funds within 48 hours of your loan being approved.
  • Repayments. Depending on the type of finance, you will make monthly or quarterly repayments by direct debit from your chosen bank account.

Cons