Personal Loans - not currently available
Getting a Personal Loan is a quick and easy way to obtain finance. Whether you're in the market for a well-earned break, or a personal loan is for a helping hand to help tie up those loose ends, Chocolate Money would like to help.
- Quick and easy.
- Multiple lenders to choose from.
- Most loan purposes OK.
- Minimum $5,000 loan amount
- Offer fixed and variable rate personal loans
- The rates are tiered based on the personal loan amount
- Credit impaired applicants not considered at the moment!
Some of the purposes our lenders will provide a personal loan for include:
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Frequently asked questions about Personal Loans:
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Question: |
What is the minimum amount I can borrow for my personal loan? |
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Answer: |
The minimum amount for a personal loan is $5,000 |
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Question: |
Do I need to be working to get a personal loan? |
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Answer: |
You need to be in full time or permanent part time employment 20 hours or more per week, and in the same job field for at least two years. |
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Question: |
What if I'm self-employed/sub-contractor? |
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Answer: |
You need to have been self-employed or a sub-contractor for a minimum of two years with most lenders to qualify for a personal loan. |
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Question: |
Will my chances of getting a personal loan be affected if I have a default? |
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Answer: |
Very difficult |
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Question: |
What can I get a personal loan for? |
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Answer: |
Our lenders provide unsecured finance for almost anything, such as home improvements, holidays, investing in shares, buying a car, wedding, study fees, and so on. They do not provide finance for general bills, such as telephone or rates, legal fees, tax bills and working capital. |
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Question: |
I want to consolidate my car loan and two credit cards. Can I do that? |
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Answer: |
Not anymore - can only consolidate into your mortgage. |
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Question: |
How long can I take the personal loan for? |
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Answer: |
The time frames for personal loans depend on the purpose. For example, if you were going on a holiday, the longest term would be 24 months. Or if you're renovating your home, our lenders could look at five years. The length of time is set so you won't be paying back finance longer than you need to. But as a rule of thumb, our lenders can lend between one and seven years. |
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Question: |
What sort of information will you need from me to apply for a personal loan? |
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Answer: |
In order to complete a personal loan application, you will need a copy of your driver's license, two recent pay slips, rental receipts and/or a mortgage statement, and credit card statements. If you're self-employed, you will need your current tax returns and financial's rather than pay slips. A decision is usually available within 72 hours. |