Introduction
Loan Link Finance ("we," "us," "our") operates as a finance broker, providing services to individuals and businesses seeking asset finance. By engaging our services, you agree to be bound by the terms and conditions outlined below.
No Financial Advice
Loan Link Finance is not a financial adviser and does not provide financial advice. Our role is strictly limited to collecting relevant information from you and passing it on to finance companies to facilitate the loan approval process. We do not assess the suitability, financial viability, or appropriateness of any loan products for your needs.
Information Collection
To assist you in securing a loan, we will collect certain information from you, including but not limited to financial, personal, and business details. It is your responsibility to ensure that all information provided to us is accurate, complete, and up-to-date.
Authority to Act
By submitting the required forms, you expressly agree to the following terms:
- You authorize Loan Link Finance to act on your behalf with all lenders, product providers, and associated parties ("Loan Parties") in respect of assessing eligibility for a loan or other finance and/or risk products associated with your application.
- You acknowledge that Loan Link Finance may charge you for these services, unless otherwise agreed in writing in advance, and will receive a commission from the lender providing the loan ("the Lender").
- You understand that Loan Link Finance is not an employee, agent, partner, or joint venture partner of, nor does it act on behalf of, the Lender or the Loan Parties.
Use of Your Personal Information
By using our services, you agree to the collection and use of your personal information as outlined below:
- Personal information collected by Loan Link Finance is used primarily for assessing your application for business finance.
- You authorize Loan Link Finance and the Loan Parties to use your business and personal information for various purposes, including but not limited to:
- Verifying your identity and address
- Checking that you meet credit criteria and other eligibility requirements
- Managing the relationship with you
- Providing information to any necessary Loan Parties for the purpose of securing or attempting to secure loan finance
- If your application is successful, administering the loan and any commission payments to Loan Link Finance
- Complying with applicable laws and regulations, including anti-money laundering and countering financing of terrorism legislation
- Market research
- Notifying you, either by physical notice or electronic means, of products or services that may be of interest to you
- You consent to Loan Link Finance and the Loan Parties disclosing your personal information to, and obtaining from, credit reporting and government agencies, other credit providers, and insurers, personal information about you for these purposes.
- You acknowledge that all personal information will be held by Loan Link Finance at the address provided below, and that you may seek access to, and correction of, your personal information in accordance with the Privacy Act 2020.
- You understand that you are not required by law to provide any business or personal information to Loan Link Finance, but any failure to do so might prejudice your chances of obtaining finance.
Credit Reporting Agencies
- You authorize Loan Link Finance, the Lender, and associated parties to disclose your business and personal information to credit reporting agencies and any third party making an authorized enquiry about you.
- You authorize the credit reporting agencies used by Loan Link Finance, the Lender, and associated parties to hold your business and personal information on their systems and to use it to provide credit reporting services.
- You acknowledge that the Financial Markets Authority or any other relevant regulator may request to see your file and that Loan Link Finance will provide it upon appropriate written request.
- You authorize the credit reporting agencies used by Loan Link Finance, the Lender, and associated parties to provide your information to their customers using credit reporting services.
- You authorize Loan Link Finance, the Lender, and associated parties to use credit reporting services in the future for purposes related to the provision of your loan and/or any other credit. This authorization includes the use of monitoring services to receive updates about you if any information held about you changes.
- You authorize Loan Link Finance, the Lender, and associated parties to give information to credit reporting agencies about any default in your payment obligations.
- You authorize the credit reporting agencies used by Loan Link Finance, the Lender, and associated parties to provide information about your default in any payment obligations to other customers of the credit reporting agencies.
Commission Arrangements
- You understand that the Lender will periodically disclose your loan balance to Loan Link Finance. You also authorize Loan Link Finance to have continuing access to your client files and/or information held by the Lender.
- You understand and acknowledge that any fee charged by Loan Link Finance for services relating to this loan application has been disclosed to you and that it only relates to services provided by Loan Link Finance and is not associated with services provided by the Lender.
Limitation of Liability
Loan Link Finance will not be liable for any losses, damages, or expenses arising from your reliance on any information provided by us or the finance companies we work with. You acknowledge that all financial decisions should be made based on your own judgment and independent advice from a qualified financial adviser.
No Endorsement
Our facilitation of loan applications does not constitute an endorsement of any specific finance company, loan product, or financial service. We do not have control over, and are not responsible for, the actions, terms, or decisions of finance companies.
Confidentiality
We will take reasonable measures to ensure that the information you provide to us is kept confidential and secure. However, by using our services, you acknowledge that some sharing of information is necessary to facilitate the loan process.
Changes to Terms and Conditions
Loan Link Finance reserves the right to amend these terms and conditions at any time without prior notice. Any changes will be effective immediately upon posting on our website or through other communication channels.
Governing Law
These terms and conditions are governed by and construed in accordance with the laws of New Zealand. Any disputes arising out of or in connection with these terms shall be subject to the exclusive jurisdiction of the courts of New Zealand.
Acceptance of Terms
By using our services and submitting the required forms, you confirm that you have read, understood, and agree to these terms and conditions. If you do not agree with any part of these terms, you must not engage our services.
Terms and Conditions for Promotional Offers
The Terms and Conditions for Promotional Offers outline the eligibility criteria, limitations, and requirements for special finance promotions provided by Loan Link. These terms ensure transparency by specifying borrower qualifications, including business registration, trading history, and creditworthiness. Additionally, they clarify Loan Link’s role as a finance broker, the need for lender approval, and any applicable fees or conditions. By applying for a promotional loan, businesses acknowledge and agree to these terms, which are subject to change at Loan Link’s discretion.