Frequently asked questions
Below are some frequently asked questions. Feel free to get in touch if your question is not answered here, or if you would like more information.
What are your interest rates?
We are pleased to offer interest rates from 15.75% per annum, however, the specific rate that we can offer you will depend on the details of your application. The rate is affected by factors such as the security that is available for your loan.
Nova Medical Finance Limited offers some of the lowest personal rates available.
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- Repayments above are based on a discounted interest rate of 15.75% p.a., documentation fee of $445 and include optional Lifestyle Protection Insurance
- Rates and fees are subject to change without notice
- All approvals are subject to normal lending criteria
Do I have to proceed with finance if I apply?
Absolutely not. We’ll get back to you and let you know the outcome of your application and then it is completely up to you whether you wish to proceed.
Are there any fees if I repay my loan early?
Yes – sometimes there is a nominal early repayment fee which is 90 days interest. The amount of this fee depends on how early the loan is repaid and the remaining balance of your loan. Often no fee is charged.
What is the Applicant 2 section on your application form for?
If you have a partner and have shared expenses such as mortgage or rent payments, or joint loans, then it’s best to include your partner’s details in this section. This way we can assess the application using both your incomes to offset the joint expenses.
Do I need to see a doctor or book surgery before applying?
No. If you have an indication of price then you’re welcome to apply for this amount prior to seeing a doctor. It is good to see a doctor before we disburse the funds, however, as you may not be a suitable candidate for a procedure. One popular option is to apply and receive a pre-approval before seeing a doctor, and then wait until after the initial consultation to draw down the funds.
Do I have to go to the doctors listed on your website?
No. We refer clients to our affiliated practices because we believe that the doctors who are affiliated with Nova are the best in the country. It can be very difficult for members of the public to be certain that their doctor has the correct qualifications and experience. We help provide this peace of mind and can assure our clients that the doctors on the Nova website are some of the most highly trained and highly respected specialists in New Zealand.
Are your affiliated doctors independent of Nova?
Yes. Nova does not receive any payment for featuring doctors in our directory. Nova affiliated doctors are featured because they are experts and have the appropriate qualifications. Nova does not make any payments to practices - affiliated practices recommend Nova's services so that more patients can access medical procedures. Practices will not be advised that you have financed your procedure and all information is kept strictly between you and Nova.