AA has been trusted by New Zealanders for more than 120 years. They help their members reach life goals, such as purchasing a car, by offering flexible loan options suited to their budgets. These include hire purchase and lease purchases, with maintenance, breakdown cover and car tax included. Those looking to finance the purchase of a used car will be required to complete a credit check and this may affect their credit score.
When you apply for an AA personal loan, the lender will carry out a soft credit search to see if you meet their criteria without impacting your score. They will contact you if they require further information and a hard credit search will be carried out if they decide to offer you the loan. You can choose to settle your loan early if you wish but this may incur interest charges as you will need to request a settlement figure from the lender.
Borrowers can choose to make overpayments on their AA loan without a fee. They can also select whether this lowers their monthly repayment or reduces the loan term. This is more flexible than many other lenders that only offer one option.
AA Money loans can be used for a variety of purposes including cars, home improvements and debt consolidation. The lender sets their interest rates based on your individual circumstances and takes into account income, expenditure and other factors. Existing AA customers can receive a better rate than non-members. Borrowers can apply for an AA loan as individuals and are not permitted to apply jointly with someone else. AA car finance