MTF Finance Personal Business Resources Blog About Log in Contact Apply now Understand your business loan Understand your rights and obligations, your loan’s interest rate and fees, and how to be a responsible borrower. What we need to know Affordability We need to know that your business can afford to take on the loan. This means you’ll need to provide us with some documents to help prove you can service the loan. These can include any of the following: your latest financial statements, including profit and loss relevant contracts for service bank statements and monthly cash flow records details of what insurance is held to protect income, key people and assets statement of assets and liabilities. Beneficial ownership In order to provide your business with a loan, we need to identify and verify who owns the business and the ownership structure. It’s crucial for us to know who the beneficial owner(s) are so we can comply with the Anti-Money Laundering and Countering Financing of Terrorism (AML/CFT) Act. You’re a beneficial owner if any of the following apply: If you own more than 25% of the business. If you have effective control over the business. If business transactions are conducted on your behalf. If we’re unable to identify all the beneficial owners, we won’t be able to provide you with a loan. How repayments work We offer flexible terms so your repayments can fit your cash flow. And if you want to pay your loan off early, you can do that too. Read more about making loan repayments Protect yourself from the unexpected Payment Waiver Choose Payment Waiver with your loan, and you could be protected if you’re affected by injury, illness or even death. Read more about Payment Waiver Mechanical breakdown insurance Mechanical breakdown insurance may cover you for repair costs if your vehicle has an unexpected mechanical or electrical problem. Read more about mechanical breakdown insurance Cost of borrowing Interest rates For loans secured against an asset, such as a vehicle, our interest rates range from 8.70% to 20.70% per year. Unsecured loans range from 11.20% to 21.20% per year. Both types are fixed for the term of the loan. The interest rate for your loan depends on a number of factors, including your: income and spending information credit score provided by credit bureaus and other third parties credit history with us if you’re a previous customer. Read more about our interest rates and fees Standard terms We’re transparent about what is in our contract. These are the standard terms for all our finance products. Credit contract loan rules and information (from 30 Nov 2020) [PDF, 362.7 KB] Credit contract (where contract is assigned to MTF/TEL) [PDF, 414.1 KB] Credit contract (where contract is assigned to OFL) [PDF, 318.0 KB] Operating lease [PDF, 250.4 KB] Finance lease [PDF, 249.2 KB] Consumer protection laws The following consumer protection laws and guidelines apply to your loan with us: Motor Vehicle Sales Act 2003 Fair Trading Act 1986 Privacy Act 2020 Personal Property Securities Act 1999 Anti-Money Laundering and Countering Financing of Terrorism Act 2009 Complaint or concern? If you have a complaint or concern about a product or service we provide, follow these steps to find a solution. Contact the person who sold you the product or provided the service. If they can’t help you, contact our friendly customer support team. Refer the dispute to the Insurance and Financial Services Ombudsman (IFSO) if you’re still not satisfied with the response. Need help? Call, email, or drop into your local MTF Finance approved dealer for a friendly chat. Contact us MTF Finance Find us on: Facebook Instagram LinkedIn Personal Secured personal loans Car loans Motorcycle loans Boat and jet ski loans EV loans Caravan and motorhome loans Trailer and horse float loans Understand your personal loan Business Business loans Finance lease Operating lease Business vehicle loans Understand your loan Resources Interest rates and fees Payment Waiver Loan repayments Can't make a repayment Save on car running costs How to buy a car How to sell a car Vehicle insurance Blog About Our history Future Legends Scholarship Board of Directors Careers Become an MTF Finance dealer Start an MTF Finance franchise Investors Promotions Contact Support through the COVID-19 pandemic Find your local office Find local dealers Your account Log in Register Website terms and conditions Privacy statement Terms of use Disclosure statement Site map