The interest rate we offer when you take out a loan with us will be set by reviewing your loan application and assessing your personal profile.
Our assessment of your personal profile includes (but isn’t limited to):
Unsecured fixed interest rates between:
14.95% – 27.95% p.a.
All interest rates that Avanti offers for personal loans are fixed for the term of the loan.
Secured fixed interest rates between:
9.00% – 24.30% p.a.
For auto loans the interest rate we offer may include an introducer margin.
All interest rates that Avanti offers for personal loans are fixed for the term of the loan.
Long-term property loans
Base Variable Rate: 6.90% p.a.
Margin: Between 0% – 2.40% p.a.
Long-term property loans
Base Variable Rate: 8.34% p.a.
Margin: Between 0% – 2.60% p.a.
Short-term property loans
Secured fixed interest rates:
From 8.70% p.a. for ≤65% LVR
From 8.95% p.a. for >65.01% – 80% LVR
Fixed for the term of the loan
If you choose a variable interest rate, the interest rate is determined by adding a margin (in the range set out below) to the Base Variable Rate. The Base Variable Rate is subject to change.
The margin is determined according to your personal profile (as set out above).
These fees and charges apply to Avanti Finance Limited Consumer Property loans.
Effective from 6 May 2024
Actual costs – Charged to your loan when we incur any reasonable third-party costs relating to the enforcement of the loan or any security (e.g. repossession agent, property valuations, solicitor fees). See clause 5.4 of the General Terms and terms of any security we take for further information.
If you don’t pay an amount when due, then we will charge interest at the default interest rate on the amount which is due and unpaid while the default continues.
The default rate is:
Note: Most fees are charged to your loan. You’ll be advised at the time when this isn’t the case.
Fees for Non-Consumer loans are available on application.
These fees and charges apply to Avanti Finance Limited Consumer Auto loans which are branded either Avanti Finance or Branded Financial Services.
Effective from 14 November 2024
We’ve prepared a handy fact sheet about prepayment fees and how they’re calculated. You can view that here.
If you don’t pay an amount when due, then we will charge interest at the default interest rate on the amount that is due and unpaid while the default continues.
The default rate is the annual interest rate at the time of the default plus 10% p.a.
On 8 November 2024, Branded Financial Services (NZ) Limited (BFS) was amalgamated with Avanti Finance Limited (Avanti). Avanti now manages all BFS loans. As a result of these changes, from 16 November 2024 BFS loans have the same fees as the Avanti auto loan fees above.
Previous rates and fees for BFS loans can be viewed on this rates and fees schedule.
In April 2023, Avanti Finance acquired Finance Central from Limelight Financial Services (also known as Limelight and Thorn Finance).
Finance Central loans between 6 April 2023 and 29 February 2024 have a different set of rates, fees and terms. You can find these on the Finance Central website.
Note: Most fees are charged to your loan. You’ll be advised at the time when this isn’t the case.
Fees for Non-Consumer loans are available on application.
These fees and charges apply to Avanti Finance Limited Consumer Personal loans.
Effective from 14 November 2024
Charged for processing and approving a new loan application or a further advance (top-up), as disclosed in the individual loan contract.
We’ve prepared a handy fact sheet about prepayment fees and how they’re calculated. You can view that here.
If you don’t pay an amount when due, then we will charge interest at the default interest rate on the amount that is due and unpaid while the default continues.
The default rate is the annual interest rate at the time of the default plus 10% p.a.
Note: Most fees are charged to your loan. You’ll be advised at the time when this isn’t the case.
Fees for Non-Consumer loans are available on application.