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Optio finance
Debt Consolidation
How would you like more money in your pocket?
Is your budget stretched by numerous loans or finance?
Going over your credit limit or overdraft?
Is your past bad credit stopping you from getting control over your budget?
Then an Optio Finance Debt Consolidation Loan can help you. Combine all your debts into one loan, reduce your payments and take control of your budget.
Case Study 1: The customer wanted to clear her unsecured debts of $25,000 which she was paying over $300 per week on. After talking with the customer and getting to understand her needs, we identified that her parents were willing to help by being guarantors and offering their Howick property as security.
By using our 5% Freedom Homeowner Loan product and the customers’ car as security, we were able to structure a debt consolidation loan with payments of $175 per week over a 4 year term.
Case Study 2: A husband (self employed), wife (on maternity leave) and homeowners found that their cash flow was stretched until the wife returned to work in three months. They needed $20,000 to pay their credit cards, clear their OD, clean up their credit issues and provide some comfort for next few months. The customers were not comfortable approaching their bank so Optio Finance consolidated all their debts into one simple loan for 48 months.
7 Months later once the wife was back at work and their bank facilities were up to date, the customers refinanced our loan in full with their bank.
Case Study 3: The customer submitted an application requiring $4,000 to pay an overdue credit card and credit issues of a $1,000. When he was younger, he managed to collect some credit issues on a hire purchase and a gym membership. These two debts saw the customer paying $441 per month. He has been at his current employment for more than 2 years and owned a good model vehicle for security. We were able to do a debt consolidation loan for the credit card and credit issues and reduce his payment to $235 per month for the term of 36 months.
Once the customer had paid off the loan, he was able use this payment history to secure another loan from Optio Finance to buy a new car and he was able to negotiate a lower interest rate.
As you can see there are a variety of ways that Optio Finance can assist you with a Debt Consolidation Loan.
Response Time
You can expect us to contact you within 24 hours of submitting an online application.
What security is needed?
We secure your loan with a car that is 1998 or newer or a residential property.
Loan Amounts*
Loan amounts: $1,000 - $50,000*
* All criteria is negotiable by adding a guarantor or additional secuirty to the application. Any guarantor will need to meet our normal lending criteria.
Interest Rate
The interest rates is set taking into account the loan structure, the secuirty and the customers credit profile. Our interest rates can range from 12.95%** to 25.00%.
** if you wish to qualify for our lowest rates, a residential property that meets our equity criteria needs to be used as security and the customer will need a strong credit profile.
How long can you have a loan for?
The term of the loan is set taking into account the loan structure, the secuirty and the customers credit profile. The term length of the loan can range 6 months to 5 years***.
*** to qualify for the max term, a residential property needs to be used as security.
How to apply for a loan.
Fill out our one page online application. It takes less than 5 minutes. On receiving the application it goes into a priority queue. One of our experienced lending team will assess your application and then contact you.
Fill out an online application now!!!
Is your budget stretched by numerous loans or finance?
Going over your credit limit or overdraft?
Is your past bad credit stopping you from getting control over your budget?
Then an Optio Finance Debt Consolidation Loan can help you. Combine all your debts into one loan, reduce your payments and take control of your budget.
Case Study 1: The customer wanted to clear her unsecured debts of $25,000 which she was paying over $300 per week on. After talking with the customer and getting to understand her needs, we identified that her parents were willing to help by being guarantors and offering their Howick property as security.
By using our 5% Freedom Homeowner Loan product and the customers’ car as security, we were able to structure a debt consolidation loan with payments of $175 per week over a 4 year term.
Case Study 2: A husband (self employed), wife (on maternity leave) and homeowners found that their cash flow was stretched until the wife returned to work in three months. They needed $20,000 to pay their credit cards, clear their OD, clean up their credit issues and provide some comfort for next few months. The customers were not comfortable approaching their bank so Optio Finance consolidated all their debts into one simple loan for 48 months.
7 Months later once the wife was back at work and their bank facilities were up to date, the customers refinanced our loan in full with their bank.
Case Study 3: The customer submitted an application requiring $4,000 to pay an overdue credit card and credit issues of a $1,000. When he was younger, he managed to collect some credit issues on a hire purchase and a gym membership. These two debts saw the customer paying $441 per month. He has been at his current employment for more than 2 years and owned a good model vehicle for security. We were able to do a debt consolidation loan for the credit card and credit issues and reduce his payment to $235 per month for the term of 36 months.
Once the customer had paid off the loan, he was able use this payment history to secure another loan from Optio Finance to buy a new car and he was able to negotiate a lower interest rate.
As you can see there are a variety of ways that Optio Finance can assist you with a Debt Consolidation Loan.
Response Time
You can expect us to contact you within 24 hours of submitting an online application.
What security is needed?
We secure your loan with a car that is 1998 or newer or a residential property.
Loan Amounts*
Loan amounts: $1,000 - $50,000*
* All criteria is negotiable by adding a guarantor or additional secuirty to the application. Any guarantor will need to meet our normal lending criteria.
Interest Rate
The interest rates is set taking into account the loan structure, the secuirty and the customers credit profile. Our interest rates can range from 12.95%** to 25.00%.
** if you wish to qualify for our lowest rates, a residential property that meets our equity criteria needs to be used as security and the customer will need a strong credit profile.
How long can you have a loan for?
The term of the loan is set taking into account the loan structure, the secuirty and the customers credit profile. The term length of the loan can range 6 months to 5 years***.
*** to qualify for the max term, a residential property needs to be used as security.
How to apply for a loan.
Fill out our one page online application. It takes less than 5 minutes. On receiving the application it goes into a priority queue. One of our experienced lending team will assess your application and then contact you.
Fill out an online application now!!!
Apply Now!