Oxford Finance Review for Potential Borrowers
Oxford Finance Review for Potential Borrowers
This review will provide a full breakdown of the business finance solutions offered by Oxford Finance business loans. If you need finance to buy or start a business, for business capital, renovations, relocations, vehicles or equipment, Oxford Finance may be able to help with a secured or unsecured business loan. Read the following Oxford Finance review to find out more.
Oxford Finance Review – Basic Figures for 2022
Website
Logo
Loan Amount
$2,000 up to $100,000
Loan Term
1 – 5 years
Unsecured Loans?
Unsecured Loans are Available
Required
- Be at least 18 years old (if 18-21 a parental guarantor required)
- Be a New Zealand citizen, permanent resident or have a relevant work visa (only secured loans are available to those on work visas)
- Be in permanent part-time or full-time employment
- Have no unpaid defaults over $2,000
- Earn at least $500 per week
- Hold a restricted or full driver’s licence for vehicle loans
You will also need a guarantor if you have a learner licence.
During your application, you will need to supply information on your employment, income and expenses.
The only document required in most cases for a vehicle or personal loan is a photo ID, but you may also need to provide proof of your income once Nobilo Finance has checked your credit score.
If you are applying for a business loan, you will need your recent financials and bank statements. If you don’t have these, Nobilo Finance may accept reports from MYOB or Xero.
Once you have submitted your application, Nobilo Finance will run a credit check and match you with a lender that can offer the best terms based on your individual circumstances. You can expect to get a response within one hour if no further information is required.
Response Time
3 Hours
Easy to Apply
Yes, fully online
What Products Does Oxford Finance Offer?
Oxford Finance provides vehicle, personal and business loans.
Interest rates range from 7.95% to 17.95%. The rate that you will be offered is based on factors such as:
- Your credit score and credit history
- Personal profile
- Type of security provided and its value
Additional fees may apply, including registration a caveat over a property, early repayment and modifications to your loan contract.
Vehicle loans
If you are looking to buy a new car, motorbike or motorhome, an Oxford Finance vehicle loan may be able to help you get your hands on that new set of wheels.
You can purchase a vehicle from a dealer or a private seller, but the vehicle must be insured for theft and accidental damage at a minimum.
Personal loans
A personal loan from Oxford Finance can provide much-needed funds for anything from booking in that dream holiday to consolidating debt.
Business loans
Whether you are looking for lease finance, property finance, working capital or funds for business equipment or stock, an Oxford Finance business loan can provide you with up to $100,000. Applications are welcome from sole traders and start-ups.
What Other Products Does Oxford Finance Offer?
As well as personal, vehicle and business loans, Oxford Finance also provides insurance products including:
- Car insurance
- Mechanical breakdown insurance
- Payment protection insurance
- Guaranteed asset protection
- Payment waiver
Features and Benefits
- Simple application. Applying for an Oxford Finance loan is a simple process.
- Flexible payments. With an Oxford Finance loan, you can choose a repayment schedule to suit. Weekly, fortnightly or monthly options are available.
- Loan terms. Loan terms range from 12 – 60 months. You can pay the loan off sooner if you are able to, but be aware that you may be charged early settlement fees.
- Security. Security for your Oxford Finance loan can be a car, boat or property, or a third party guarantee may be possible for business loans.
- Pre-approval. If you haven’t found the vehicle or boat that you want yet, you can apply for pre-approval so that you can shop with confidence. Pre-approvals are valid for 14 days.
- Fee transparency. Oxford Finance provides a schedule of fees on its website so you can understand what charges you may be subject to.
Oxford Finance Client Reviews
The Feedback:
Oxford Finance Pricing & Rates
When looking at the total cost of an Oxford Finance loan, both interest rate and fees need to be taken into consideration.
Some of the fees you may incur include:
- Loan establishment fee
- Early settlement fee
- Account maintenance fee
- Late payment fee
- Default interest charges
Oxford Finance Review Summary
Name: Oxford Finance
Summary
Part of the Turners Automotive Group, Oxford Finance helps Kiwis and SMEs with straightforward financial solutions.
This provider has three branches in New Zealand, but you can apply for a vehicle, personal or business loan and be approved online. Depending on the type of loan you need, you may be able to borrow from $2,000 up to $100,000 with interest rates ranging from 7.95% – 17.95%
Overall
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Credibility - 87%
87%
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Client Reviews - 85%
85%
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Website - 87%
87%
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Compatibility - 84%
84%
Pros
- Simple application. Applying for an Oxford Finance loan is a simple process.
- Flexible payments. With an Oxford Finance loan, you can choose a repayment schedule to suit. Weekly, fortnightly or monthly options are available.
- Loan terms. Loan terms range from 12 – 60 months. You can pay the loan off sooner if you are able to, but be aware that you may be charged early settlement fees.
- Security. Security for your Oxford Finance loan can be a car, boat or property, or a third party guarantee may be possible for business loans.
- Pre-approval. If you haven’t found the vehicle or boat that you want yet, you can apply for pre-approval so that you can shop with confidence. Pre-approvals are valid for 14 days.
- Fee transparency. Oxford Finance provides a schedule of fees on its website so you can understand what charges you may be subject to.
Cons