ASB Bank Personal Loans
ASB Bank offers residents of New Zealand a wide array of products and services to help them make investments their regular income cannot sustain. They will be happy to lend you a helping hand if you’re facing an unexpected medical expense or need to finance a decent sendoff for a departed loved one.
Unlike your regular bank, ASB Bank will get you the funds in double quick time while offering you flexible interest terms.
ASB loan requirements
Before they grant you a personal loan, there are some basic requirements you need to fulfil:
- You must be 18 years of age and above
- You must be a permanent New Zealand resident
- You need to have an account through which your salary is processed
- You must have a regular annual income of not less than NZD 20,000.
The loan application process can be started anywhere, as long as you have a decent Internet connection. At the ASB Bank website you will find a number of calculators for different kinds of loans, from mortgages to credit cards to personal loans. Using the sliders to set variables such as time and interest rate, you can calculate how much the loan you want will cost you in terms of monthly repayments.
Immediately after making your calculations you can go ahead and apply for a loan. You will be required to confirm that you meet the minimum criteria for a personal loan mentioned above before you proceed. Next you will fill in such details as the amount you wish to borrow, the reason you need the funds and your ideal time period for repayment.
The same form will require you to submit some personal information such as your net or gross monthly/weekly/annual income, occupation, name of employer and how long you have worked there. After completing this and the rest of the four-step application process, you can wait for ASB Bank to tell you if your application was successful.
To make sure as many Kiwis as possible can access credit, ASB offers personal unsecured loans that require no collateral. They make it affordable for almost anyone as they offer flexible repayment terms. Both the repayment period and the interest rate can be made variable in order to accommodate your individual situation. You can make your repayments for up to seven years if that will make it more comfortable to make the repayments. This willingness to accommodate Kiwis of different income levels has made ASB one of the more popular credit options in the country.
What you get
With ASB Bank you can get a personal loan of anywhere between $3,000 and $40,000 which you can choose to spend however you wish. Whether you want to pay for a medical procedure or treat yourself to an exotic retreat, or undertake extensive home renovations, it’s up to you.
You will get flexible repayment terms with an ASB Bank loan with the tenure stretching from six months to seven years.
The speed of service ASB Bank offers is unlike what you have to deal with in most conventional banks. The application process is done online and can be finished in 10 minutes or less. After submitting your application you will get a response on whether it was approved or not within 24 hours.
Another of the services ASB Bank offers Kiwis is debt consolidation. If you have more than one debtor- including mortgage providers, credit card providers or another short-term loan provider- they can simplify all these separate repayments. You will only have to make a single repayment and ASB will figure out how much goes where. This way you will be able to simplify your budget and stay on top of your repayments.
Like other kinds of loans ASB Bank offers, you will find a calculator for debt consolidation on the their website as well. If you are willing to provide them with information on your existing debts, they can show you how much you can potentially save with their debt consolidation.
The beauty of an ASB Bank secured or unsecured loan is that there are no surprises- you know how much the loan will cost you from the off. They have stipulated a rate of 13.95% per annum for unsecured personal loans, and this is posted on their website. On the same page you will find the loan processing fees that may be applied.
You also get expert advise from experienced financial advisors. The staff at ASB Bank consist of some of the most highly qualified credit analysts and consultants in the country.