Acknowledgement & Consent

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Jacaranda Finance NZ (“we”/”us”/”our”) is a trading name of Jacaranda Finance Limited, Company Number 6447712, NZBN 9429046358752, FSP 558806. Jacaranda Finance NZ provides referral and lead services between consumers and credit providers, credit brokers and other referrers.

I understand that by completing an application that Jacaranda Finance NZ will collect, use, hold and disclose my information as outlined in the Jacaranda Finance NZ Privacy Policy. I declare that I have read the Jacaranda Finance NZ Privacy Policy which contains notifiable matters.

I understand that if I am referred to another credit provider, credit broker or another referrer, these parties may collect, use, disclose and hold other information about me. I understand that I should refer to the privacy policy of any parties I am referred to.

Collection of Information

I consent toJacaranda Finance NZ collecting my information from me. I understand that the types of information collected include those listed in the Jacaranda Finance NZ Privacy Policy. I understand that if I do not provide all information that is requested from me, Jacaranda Finance NZ may be unable to offer me any of their services.

Use of Information

I consent toJacaranda Finance NZ collecting my information for the purposes of referring me to credit providers, credit brokers and other referrers who may be able to assist me apply for credit. I also consent toJacaranda Finance NZ using my information for related secondary purposes, such as;

  • customer service requests including servicing queries, providing access to and updating personal information and resolving complaints and disputes.
  • gathering information and statistical data to analyse and evaluate business functions.
  • developing service offerings and improving overall business processes and efficiency.
  • complying with legal requirements under various acts such as the National Consumer Credit Protection Act 2009, the Privacy Act 1988 and the Anti-Money Laundering and Counter-Terrorism Financing Act 2006.

Disclosure of Information

I consent toJacaranda Finance NZ disclosing my personal information and credit information, including all application information and my bank statements, to;

  • credit providers, credit brokers and other referrers, for any of the purposes for which I have provided consent toJacaranda Finance NZ. I understand this information may be disclosed to other service providers for a fee.
  • Jacaranda Finance NZ’s auditors, contractors, agents, insurers, financiers and lawyers.
  • any other persons or entities who I have consented to.

I understand my information may also be disclosed in other circumstances as outlined in the Jacaranda Finance NZ Privacy Policy.

If any of these parties should request this Acknowledgement and Consent before providing information, I give my consent for this to be provided to them.

Promotion of Products and Services

I consent to being contacted byJacaranda Finance NZ and any external third parties or agents who act on their behalf, for the purposes of the promotion of products and services. I understand that I may withdraw my consent and request not to receive promotional communications at any time by contactingJacaranda Finance NZ.

Electronic Communications

I consent to receiving all communications, information and documents, where possible, through electronic communications, including but not limited to:

  • requests for information regarding applications;
  • marketing materials and promotions;
  • any other communications, information, or documents that must or will be provided to me or which I have requested.

I understand that by giving consent to receiving electronic communications;

  • communications may be sent via any electronic means, such as SMS and email;
  • electronic communications devices must be regularly checked for communications, information and documents;
  • it is my responsibility to ensure the security of my electronic communications;
  • paper-based documents may no longer be given;
  • consent to the giving of documents by electronic communication may be withdrawn at any time.

Commercial Electronic Messages

I understand that under the Spam Act 2003, Jacaranda Finance NZ may not communicate with me via commercial electronic messages unless I provide my consent. I consent toJacaranda Finance NZ communicating with me via commercial electronic messages (email and SMS) to provide me with convenient and fast communications.

Electronic Bank Statement Retrieval

I understand that by using an electronic bank statement retrieval solution, such as that provided by BankStatements.com.au and Credit Sense, I am using these service at my own risk. I understand that by using such as service, I consent to them having read-only access to my bank account transaction data and for this data to be provided to Jacaranda Finance NZ and any credit providers, credit brokers and other referrers thatJacaranda Finance NZ refers me to. I understand that the transaction data supplied may include transactions from the previous 12 months from all available accounts. I acknowledge that before using these services, I have read and agreed to their User Terms & Conditions and Privacy Policies.

Declaration

I declare that I have read and understood this Acknowledgement and Consent document and that I acknowledge, authorise and consent to all the terms that it sets out.

Examples of what loans might cost.

Small Personal Loan

Loan Amount

Minimum
$300


Maximum
$2,000

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Terms

Minimum
12 Months


Maximum
12 Months

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Costs

Up to 20% Establishment Fee
+ monthly fee up to 4%

Jacaranda Finance does not charge an annual interest rate on SACC loans. These small amount loans incur 'fees' instead of interest. The maximum comparison rate on our loans between $300 and $2000 is 199.43%.

WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate
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Examples

Loan Amount of $1,000 over 6 months repayable weekly (25 weekly repayments). $1,000 (Principal Amount) + $200 (20% Establishment Fee) + $240 (fees based on 4% per month over 25 weeks) = $1,440 total repayable in 25 weekly installments of $57.60.

Loan Amount of $1,000 over 12 months repayable weekly (50 weekly repayments). $1,000 (Principal Amount) + $200 (20% Establishment Fee) + $480 (fees based on 4% per month over 50 weeks) = $1,680 total repayable in 50 weekly installments of $33.60.

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Medium Personal Loan

Loan Amount

Minimum
$2,100


Maximum
$4,600

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Terms

Minimum
13 Months


Maximum
24 Months

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Costs

Annual Percentage Rate (APR) is 48%
Comparison Rate is 67.41% per annum.

This comparison rate is based on a medium amount credit contract of $2,500 repaid over 2 years with a $400 establishment fee and APR of 48%.

WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate
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Examples

Loan Amount of $3,000 over 18 months repayable weekly (78 weekly repayments). $3,000 (Principle Amount) + $400 (Establishment Fee) + $1,379.06 (reducing interest*) = $4,779.06 total repayable over 18 months with weekly installments of $61.27.

Loan Amount of $4,500 over 24 months repayable weekly (104 weekly repayments). $4,500 (Principle Amount) + $400 (Establishment Fee) + $2,732.56 (reducing interest*) = $7,632.56 total repayable over 24 months with weekly installments of $73.39.

* Reducing intertest means that the 48% APR is applied to the outstanding balance on a loan. When a loan repayment is made, the loans outstanding balance goes down and the APR is applied to that lower balance. Therefore, the interest component of the loan will constantly reduce (as long as repayments are being made!) - thus it is called reducing interest.
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Large Personal Loan

Loan Amount

Minimum
$5,000


Maximum
$10,000

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Terms

Minimum
13 Months


Maximum
24 Months

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Costs

Annual Percentage Rate (APR) is 21.24%
Comparison rate is 48% per annum.

WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate
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Examples

Loan Amount of $5,000 over 18 months repayable weekly (78 weekly repayments). $5,000 (Principle Amount) + $2,027.80 (Interest) = $7,027.80 total repayable over 18 months with weekly installments of $90.10.

Loan Amount of $10,000 over 24 months repayable weekly (104 weekly repayments). $10,000 (Principle Amount) + $5,577.12 (Interest) = $15,577.12 total repayable over 24 months with weekly installments of $149.78.

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