Finance FAQs

Frequently Asked Questions about Finance

Does Turners offer finance?

Yes, we can help. Turners has experienced Business Managers who can work with you to get the best deal to suit your circumstances and affordability.

Find out more

How do I get finance?

Getting personal finance through Turners is quick and easy. You can get finance at any of our branches, or through this website. Apply for Personal Finance now.  Or give us a call on 0800 887 637 if you have any questions.

What can I borrow money for?

As well as cars, motorcycles or marine, you can use finance to pay for other things like holidays, renovations and debt consolidation. Find out more

Can I get a loan if I’m on a benefit?

Yes, all our loans are assessed for affordability which looks at income against outgoings and what is leftover as the surplus.

How much can I borrow?

The amount you can borrow will depend on your circumstances. Our Turners Business Managers can help you decide what best suits you.  Use our Loan Calculator to find out how much your repayments will be. Contact your nearest Turners branch  to talk to one of our Business Managers or give us a call on 0800 887 637 if you have any questions.

How much deposit do I need?

The required deposit can vary based on your individual circumstances. Speak with one of our experienced Business Managers to find out more.

Please give us a call on 0800 TURNERS or 0800 887 637 or email us at contact@turners.co.nz

Can I get a loan if I’ve got bad credit?

We will need you to apply for finance so we can assess the level of bad credit. Sometimes it’s not as bad as you think but we do need to have a look before giving you an answer.

How much will the repayments be?

We have a handy calculator that will show you how much you can borrow and what your repayments will be. Try it now.

Can I get a loan on a learner licence?

While we do prefer a Restricted or Full licence, it is best to talk directly with one our Business Managers so we can get a better understanding of your situation and how we can help.

Can I get a loan if my dad/mum puts their name down too?

We would like to ask why you have asked this question. If you have submitted an application we would process it based on your details alone. If one of our lenders requires a parent as a co-borrower we will discuss this with you. Best to talk directly to one of our Business Managers.

Can I get a loan if I’m on a visitor’s visa?

No, you do need to provide confirmation of stable income to service the loan. Additionally, you must have the correct visa to be legally employed in New Zealand.

Can I get a loan on an international licence?

While we prefer a Restricted or Full NZ licence, it’s best to speak directly with one of our Business Managers so we can better understand your situation and how we can assist you.

What are the rates?

Our interest rates are typically risk related and based on your individual circumstances. Once you have completed an application we can let you know what your rate would be. Our costs of borrowing are available here which explains the rates in more detail.

Can I get a loan if I don’t have a job?

While a job is not a requirement, a stable income would be required to be able to comfortably service the repayments of a loan. It is best to speak directly to one of our Business Managers so we can get a better understanding of your situation and how we can help.

How long will finance approval take?

If you submit an online application, we usually allow 24 hours. If you come into one of our branches and complete the application in person, about 10-15 minutes from the time you sit in with one our Business Managers.

Can I get a loan if I’m on a student visa?

Depends on your income whether you can service a loan or not, it is best to talk directly with one our Business Managers so we can get a better understanding of your situation and how we can help.

Can I get a loan on a Work Visa?

Yes, in New Zealand, it is possible to get a car loan on a work visa, but there are specific conditions and requirements that lenders typically look for. It would be a good idea to approach one of our Business Managers who can find the best loan options available for your situation.

Can I get a loan if I’m already paying off one?

Depends on your income whether you can service another loan or not, it is best to talk directly with one our Business Managers so we can get a better understanding of your situation and how we can help.

What if something happens and I can’t afford my repayments anymore?

We offer Payment Waiver and Payment Protection Insurance – These protect you for the repayment of your loan obligations to the financier if you suffer an insured event and the policy cover options are specific to your source of income at the time of entering into a credit contract.  Cover options include; death, terminal illness, accident, Illness, redundancy and more. To find out more about these options please call us on 0800 TURNERS (0800 887 637) to talk to one of our friendly staff.

How long can I get a car loan for?

Car loan terms typically range from 1 to 5 years (12 to 60 months). The exact duration of your car loan will depend on factors such as the lender's policies, your financial situation, the age of the vehicle, and how much you can afford to repay each month.