MAINLAND FINANCE

Financial Information
Financial Services Policy Disclosure
Mainland Finance Ltd provide loans for Vehicle Finance with terms from 12 months to 60 months and our annual interest rates (AIR) are fixed for the term of the agreement. Our annual interest rates range from 23.95% to 25.95% depending on your credit profile, the collateral and several other factors that are calculated in accordance with the Credit Contracts and Consumer Finance Act 2003 (CCCFA). Your loan contract will show all applicable credit fees and charges. See our ‘Rates and Fees” above for further details.
Method of charging interest
Interest charges are calculated by multiplying the unpaid balance at the end of the day by a daily interest rate. The daily interest rate is calculated by dividing the annual interest rate by 365. Interest is charged to your account in accordance with your repayment frequency. An example of our Consumer Credit Contract and Terms and Conditions is included above for further information.