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Last Article Uploaded: Wednesday, October 27th, 6:26PM

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General Finance Continues to Grow and Develop

General Finance Limited, the Reserve Bank of New Zealand Registered Non-bank Deposit Taker has had a very good 12 months to 31 December 2018. The Managing Director Brent King said “the 2018 year has been profitable for the lending markets in New Zealand.  General Finance has had a very positive year.”

Friday, January 25th 2019, 3:46PM

Significant events included:

  • The listing of its parent company, General Capital Limited (GEN:NZ)
  • The raising of additional capital for the General Capital Group
  • Increasing deposits by over 35%
  • Increasing loans by over 40%
  • Moving to new central city offices.
  • Appointment of additional staff.
  • Implementation of a new loans system
  • Completion of a rebranding for General Capital and General Finance


Currently we are holding significant cash and we are looking at lending proposals each day. The transaction inflow has been very strong over the year.
We are pleased with the quality of transactions being presented to us.

The most interesting point for us has been the strong demand from investors. We are finding that investors wish to get a fixed return for a medium term between 6 months and 5 years and as a result our Secured Deposits are becoming very popular. We are hearing from clients that they have too much money in banks earning low rates and they don’t want listed bonds due to the length of the investment.  General Finance Secured Deposits seem to be an ideal fit for those who want good rates but medium term Investments.

The investors often feel they are subsidising the Banks who seem to be making very significant profits. An opportunity to invest in a New Zealand Financial Services business which was established in 2001 and offers good returns is a very attractive option for an increasing number of New Zealanders.

The product disclosure statement for General Finance Term Deposits, including application form and interest rates is available on request by calling:

General Finance Limited
Ph (09) 526 5000

Or at https://generalfinance.co.nz/service/product-disclosure-statement/
   
Email to info@generalfinance.co.nz

Tags: General Finance

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Lender Flt 1yr 2yr 3yr
AIA 4.55 ▲3.25 ▲3.75 ▲3.99
ANZ 4.59 ▲3.84 ▲4.30 ▲4.54
ANZ Blueprint to Build 1.68 - - -
ANZ Special - ▲3.24 ▲3.70 ▲3.94
ASB Back My Build 2.04 - - -
ASB Bank 4.45 ▲3.25 ▲3.75 ▲3.99
Basecorp Finance 5.49 - - -
Bluestone ▲3.74 ▲3.54 ▲3.89 ▲4.09
BNZ - Classic - ▲3.24 ▲3.79 ▲3.99
BNZ - Mortgage One 5.15 - - -
BNZ - Rapid Repay 4.60 - - -
Lender Flt 1yr 2yr 3yr
BNZ - Std, FlyBuys 4.70 ▲3.84 ▲4.39 ▲4.59
BNZ - TotalMoney 4.70 - - -
CFML Loans 5.15 - - -
China Construction Bank 4.49 4.70 4.80 4.95
China Construction Bank Special - 2.65 2.65 2.80
Credit Union Auckland 5.95 - - -
Credit Union Baywide 5.65 3.95 ▲4.10 -
Credit Union South 5.65 3.95 ▲4.10 -
First Credit Union Special 5.85 2.95 3.45 -
Heartland Bank - Online 2.25 1.85 2.35 2.65
Heretaunga Building Society 4.99 3.80 3.90 -
Lender Flt 1yr 2yr 3yr
HSBC Premier 4.49 2.19 2.45 2.69
HSBC Premier LVR > 80% - - - -
HSBC Special - 2.25 - -
ICBC ▲4.15 ▲2.89 ▲3.29 ▲3.49
Kainga Ora 4.43 2.88 3.28 3.59
Kainga Ora - First Home Buyer Special - 2.25 - -
Kiwibank 4.00 ▲4.14 ▲4.44 ▲4.84
Kiwibank - Offset 4.00 - - -
Kiwibank Special 3.75 ▲3.29 ▲3.59 ▲3.99
Liberty 5.69 - - -
Nelson Building Society 4.95 2.99 3.24 -
Lender Flt 1yr 2yr 3yr
Pepper Essential 4.79 - - -
Resimac 3.39 2.98 2.79 3.29
SBS Bank 4.54 3.05 3.45 3.75
SBS Bank Special - 2.55 2.95 3.25
Select Home Loans 3.49 3.34 2.99 3.34
The Co-operative Bank - First Home Special - ▲2.79 - -
The Co-operative Bank - Owner Occ 4.55 ▲2.99 ▲3.60 ▲3.89
The Co-operative Bank - Standard 4.55 ▼3.49 ▲4.10 ▲4.39
TSB Bank 5.34 ▲3.75 ▲4.20 ▲4.44
TSB Special 4.54 ▲2.94 ▲3.40 ▲3.64
Wairarapa Building Society 4.99 3.55 3.49 -
Lender Flt 1yr 2yr 3yr
Westpac 4.84 ▲3.79 ▲4.39 ▲4.59
Westpac - Offset 4.84 - - -
Westpac Special - ▲3.19 ▲3.79 ▲3.99
Median 4.57 3.24 3.70 3.99

Last updated: 27 October 2021 8:49am

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