Disclaimer

No. Compare Loans gives general information about the kinds of loans available in New Zealand, and it does not take your circumstances, needs or goals into account. Nothing on Compare Loans is a recommendation or an opinion about whether you should take out, keep, change or refinance a particular loan, or deal with a particular lender.

Compare Loans is not a lender, a broker or a financial adviser. It does not hold a Financial Advice Provider licence and is not on the Financial Service Providers Register, because it does not provide a financial advice service.

Before you decide on a loan, think about getting advice from a licensed financial adviser. You can check an adviser or broker on the Financial Service Providers Register.

Yes, often. Lenders change rates and fees, sometimes more than once a week, so every rate table on Compare Loans shows the date the figures were last checked. The figures come from each lender's own public website.

An advertised rate is only for borrowers who meet that lender's criteria. The rate you are offered depends on the lender's assessment of your application.

Check the current interest rate, fees and terms with the lender or the broker before you sign anything. The lender's loan contract and disclosure statement set out the terms that apply to you, and they take priority over anything on Compare Loans.

You do. Before you agree to a loan:

• read the loan contract;
• ask the lender or broker for the total cost of the loan;
• think about whether you could still pay if your income dropped or your costs went up.

Compare Loans takes care to keep its figures accurate and dated, but it cannot promise that every figure is correct or complete at the moment you read it.

No. Sending an enquiry through Compare Loans is not a loan application, and Compare Loans cannot approve a loan. Every lender must check that a loan is suitable and affordable for you, and no lender can promise that an application will succeed.

Lenders' responsible lending duties come from the Credit Contracts and Consumer Finance Act 2003.

An estimate from the figures you enter. The loan calculator shows the regular repayment, the total of all repayments and the total interest.

Fees are left out unless you enter them. The result is not a quote, an offer or an approval.

If repayments are already hard to meet, MoneyTalks gives free and confidential help with money and debt.

• Phone 0800 345 123
• Online at moneytalks.co.nz