Avanti Finance Review for Potential Borrowers
Avanti Finance Review for Potential Borrowers
This Avanti Finance review will provide a full breakdown of the business finance solutions offered by Avanti Finance business loans. Since 1989, Avanti has helped nearly 100,000 New Zealanders by providing finance to buy a car, pay a bill or buy a home. Our customers come from around Aotearoa, from all walks of life, with different ages, incomes, gender and ethnicity. Read the following Avanti Finance review to find out more.
Avanti Finance Review – Basic Figures for 2022
Website
Logo
Loan Amount
$1,000 to $50,000
Loan Term
3-12 Months
Lender Requirements
- NZ citizen or permanent resident
- Aged 18 or over
- Must be earning enough to afford the repayments
Required
- Bank statements to confirm income and expenses
- Proof of ID – a passport or driver’s license is acceptable
- Proof of suitable security for the loan, this is not always necessary depending on the amount
Response Time
2 to 24 hours
Easy to Apply
Yes, fully online
Avanti Finance History
The Avanti Finance story started in 1989It was founded on the premise that everyone deserves a chance to access what’s beyond arm’s reach, if they make the effort to stay the course.
‘Avanti’ (which means ‘go forward’ in Italian) was chosen as the name because we never stand still and we pride ourselves on helping people move forward, no matter what their situation. Our first customer was a woman who urgently needed a car loan and we’ve been there for everyday Kiwis ever since.
These days Avanti Finance is still privately owned and governed by a board chaired by Glenn Hawkins. Avanti Finance is led by our Chief Executive, Mark Mountcastle, supported by our executive management team.
As a member of the Financial Services Federation, Avanti Finance supports and promotes responsible behaviour in the provision of financial services to New Zealanders.
Types of loans from Avanti Finance
Avanti offers the following loan products for borrowers:
- Personal loans. Unsecured and secured loans tailored to meet your needs, budget and repayment criteria. If you’re looking to consolidate debt, cover an unexpected expense, plan for a wedding or holiday, an Avanti Finance personal loan could be right for you.
- Car loans. Get a pre-approved loan from Avanti Finance so you know how much you can spend when car shopping. Applicants must be 18 or over and hold a valid NZ driver’s license. Interest rates start at 9.95% for a maximum term of 5 years.
- Home loans. Avanti Finance offers an alternative for borrowers, who may not fit a bank’s risk profile. Whether you’re searching for a first home, investment property or need cash for a renovation project, Avanti may be able to help.
- Business loans. Small and medium-sized businesses (SMEs) can apply for an Avanti car or home loan to buy a new vehicle, expand operations or meet tax obligations. Avanti’s specialist business division, Get Capital, also offers fast, flexible working capital and asset finance loans starting from $5,000 for SMEs.
Features of Avanti Finance Loans
With easy online application and fast approval, you could have the cash you need within 2 to 24 hours. Here are some more benefits of taking out a loan with Avanti Finance:
- Personal loans from $1,000 to $50,000 for a wide range of purposes
- Tailored interest rates dependent on your credit score and income
- Pre-approved loan so you know what you can afford
- Breakdown and payment protection insurance for car loans
- Available to bad credit applicants and beneficiaries
Awards
Avanti Finance won the Community and Sustainability Award 2022 at the Financial Services Federation Awards. This award recognises companies that have demonstrably embraced corporate social responsibility and/or sustainability which has had a positive impact in financial services, the wider community, or New Zealand as a whole.
We also won the Equifax Outstanding Corporate Citizen Award at the Financial Services Federation 2019 awards ceremony. This award is used to recognise a company that has demonstrably embraced corporate social responsibility and community involvement, either through sustainable resource management initiatives or through support for a project that is beneficial to their given community, region or New Zealand as a whole.
According to KPMG’s Non-bank FIPs 2021, Avanti Finance is now the second largest non-bank lender in NZ.
Avanti Finance Review Summary
Name: Avanti Finance
Summary
Avanti Finance serves Kiwis who don’t fit the traditional loan model. Applications are assessed on a case-by-case basis and those with bad credit and beneficiaries are welcome to apply.
Avanti Finance has approved loans for over 80,000 people in the last 30 years they’ve been in business. In 2019 the lender won an Equifax Outstanding Corporate Citizen Award at the Financial Services Federation.
Overall
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Credibility - 90%
90%
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Client Reviews - 89%
89%
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Website - 92%
92%
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Compatibility - 90%
90%
Pros
- Personal loans from $1,000 to $50,000 for a wide range of purposes
- Tailored interest rates dependent on your credit score and income
- Pre-approved loan so you know what you can afford
- Breakdown and payment protection insurance for car loans
- Available to bad credit applicants and beneficiaries
Cons