Avanti Finance Co NZ: Providing Financial Solutions in New Zealand

Avanti Finance is a non-bank financial institution based in New Zealand, offering a diverse range of lending products to individuals and businesses. They operate as an alternative to traditional banks, catering to customers who may not fit conventional lending criteria or require specialized financing options.

Core Business and Products

Avanti Finance primarily focuses on secured lending. Their product portfolio includes:

• Personal Loans: Secured personal loans are available for various purposes, such as debt consolidation, home improvements, vehicle purchases, and other significant expenses. These loans typically require collateral, such as a car or property.
• Vehicle Finance: Avanti provides finance options for purchasing vehicles, including cars, motorcycles, caravans, and boats. This includes secured loans where the vehicle serves as collateral.
• Commercial Finance: Avanti offers commercial finance solutions to businesses, including secured business loans, equipment finance, and invoice finance. These solutions aim to support business growth, asset acquisition, and cash flow management.
• Home Loans: Avanti does offer some limited home loan products, though it’s not their primary focus compared to personal and commercial lending. These options generally cater to borrowers with specific circumstances.

Target Audience

Avanti Finance typically targets borrowers who might face challenges securing financing from traditional banks. This can include self-employed individuals, small business owners, those with less-than-perfect credit histories, or those seeking financing for specialized assets. They often fill a gap in the market by providing lending solutions that are tailored to the specific needs and circumstances of their customers.

Key Features and Benefits

Several features distinguish Avanti Finance from traditional banks:

• Flexible Lending Criteria: Avanti is known for its more flexible lending criteria compared to banks. They often consider factors beyond just credit score, taking a more holistic view of the borrower’s financial situation.
• Specialized Solutions: They offer specialized financing options tailored to specific needs, such as commercial asset finance or vehicle finance for non-standard vehicles.
• Relationship-Based Approach: Avanti emphasizes building relationships with its customers, providing personalized service and support throughout the lending process.
• Competitive Interest Rates: While typically higher than bank rates, Avanti strives to offer competitive interest rates considering the risk profile of their borrowers.
• Accessibility: They often provide easier access to financing for borrowers who may have been declined by traditional lenders.

Regulation and Compliance

Avanti Finance operates within the regulatory framework of the New Zealand financial sector. They are subject to the regulations of the Financial Markets Authority (FMA) and are committed to responsible lending practices. This includes adhering to consumer protection laws and ensuring transparency in their lending terms and conditions.

Conclusion

Avanti Finance plays an important role in the New Zealand financial landscape by providing alternative lending solutions to individuals and businesses who may not be adequately served by traditional banks. Their flexible lending criteria, specialized product offerings, and commitment to customer service make them a valuable resource for those seeking financing in New Zealand.