C1 Finance specialises in lending to clients with bad creidt. As long as you have no finance defaults in the last 6 months we can take a look at your application. C1 Finance also understands that most of its clients are trying to rebuild their credit rating, because of this we wont do a Credit Check until we are confident we can lend to you.
C1 Finance provides secured asset loans mostly to purchase a vehicle. We can look at other assets but these must have another asset to secure against.
C1 can facilitate a joint loan but we dont do guarantor loans. For a joint loan each applicant is assessed and both are liable for the trepayments and outstanding debt.
C1 Finance does not provide business loans or loans to Self Employed clients. We can assess sub-contractors on a case by case basis but will need at least 2 years of financials.
C1 Finance may be able to payout some of your smaller debts with the Auto FInance but we typically do not consolidate large loans or credit cards.
You only have to wait 1 day after being discharged before applying. The max we can lend you is $20,000
C1 Finance may charge a small fee to cover adminstration costs
C1 Finance may find you are experiencing financial hardship during the course of our assessment. If this is the case, we will be unable to lend to you. This includes any effect the COVID pandemic may have had.
C1 Finance can accept applications from boarders but we will need to speak to your landlord.
C1 Finance can assess your for a loan but there may be addtional conditions we need. This might include questions about your length of stay and we may request NZ bank statements and a credit report.
Australia is a BIG place and you may live outside our normal lending boundaries, this doesnt exclude you from obtaining a loan but there might be some restrictions. Its best to give one of our staff a call to check before submitting.
AnyC1 Finance operates within the bounds of the National Consumer Credit Protection Act (NCCP). Should you have a query, question or complaint, please in the first instance call C1 Finance to discuss and resolve any issue or complaint you may have. In the event C1’s internal dispute resolution process does not resolve your complaint or dispute, you may escalate your complaint or dispute to an impartial external dispute resolution provider. C1 Finance is a member of an impartial external dispute resolution body, the Australian Financial Complaints Authority (AFCA), and several other industry associations. For more information go to www.afca.org.au
It can be expensive to borrow small amounts of money and borrowing may not solve your money problems.
Check your options before you borrow:
The Australian Government's MoneySmart website shows you how small amount loans work and suggests other options that may help you.*This statement is an Australian Government requirement under the National Consumer Credit Protection Act 2009.