Frequently Asked Questions
We provide unsecured loans for new saddles bought from an equestrian store. All applications are subject to usual credit and lending criteria, a lending decision will be provided after we have received your full application and it has been assessed.
A credit score is a single number between 0 and 1,000 that many lenders use to decide if they lend to you, how much they lend to you, and what interest rate they offer you. Basically, it’s your ‘grade’ as a borrower. The better your previous borrowing behaviour, the better your score.
You aren’t born with a credit score, it’s slowly built over a long period of time. Every time you take out a loan, make repayments, miss a payment, switch providers, and so on, your credit score may change.
We can often finance 100% of the purchase price, the need for a deposit depends on a range of factors including your circumstances, credit history, and the loan amount.
The amount will depend on your income level and ability to be able to repay the loan. Dependent on these and the credit lending criteria of our lenders, we can arrange loans from a minimum of $1,500.00 up to $10,000.
Typically, the unsecured loan can be provided over anything from 12 to 36 months. We normally structure the finance term to suit your budget.
We provide unsecured loans for you to then go and pay for your saddle or equestrian goods. All applications for finance are subject to usual credit and lending criteria, a lending decision will be provided after we have received your full application and it has been assessed.
No, but you must provide confirmation of adequate stable income to service the loan, and for this you will need to have the correct visa to legally be working in New Zealand.
Acceptable visa types are Permanent Resident, Resident, Work Visa, Student Visa. Please note that if you are on a work visa, we must restrict the term of the loan to the remaining term of your visa.
Yes, 18 is the minimum age.
We have an obligation to offer you Payment Protection Insurance, and we can provide you the necessary quotes. However, the decision to take the cover is entirely yours.
No credit approval will be conditional upon you taking the offered payment protection insurances. You may obtain insurance from a provider of your choice, or we can introduce you to one of our insurance partners. Their PPI or LPI products can include life cover, terminal illness cover, disability cover, redundancy cover or bankruptcy cover.
Yes, subject to our usual credit checks, and as a responsible lender, all our loans are assessed for affordability. We look at income against outgoings and what is leftover as the surplus. However normal lending criteria applies, all loans are subject to usual credit checks in making the lending decision.
The rate that applies to your loan will be based on a range of factors. These include your circumstances, credit history, and the loan amount. Once set, the interest rate is fixed for the term of your loan. Loan repayments are made up of principal and interest over the set term of your contract.
Yes, our online application form will allow you to apply for pre-approval.
During the application, we ask you what the loan is for. So, if you need a pre-approval, you can just tell us basic details about what you intend to purchase.
A Guarantor is a person who supports you in gaining finance. They will be required to sign the same contract and agree to make payments if the primary client does not meet their commitments.
You can apply for your saddle finance through this link. https://saddleup.co.nz/calculator/
While a job is not a requirement, a stable income is required to be able to comfortably service the repayments of a loan.
A clean credit history/report helps you to get a lower interest rate. If you have had any bad debts against your name, it helps if these are now paid or at the very least, under some payment arrangement. Bear in mind, if you have had credit issues in the past and they still show on your credit report, this will tend to attract a higher interest rate.
You can make your repayments weekly, fortnightly, or monthly by direct debit.
We have a handy ‘Loan Calculator’ that will show you how much your repayments will be.
Click here https://saddleup.co.nz/calculator/
Depends on your income whether you can service another loan or not.
A NZ driver’s licence or passport for ID, two months bank statements for proof of address, we will also ask you to log in and provide access to your last 3 months bank statements.