Sharechat Logo

Harcourts' fantastic plastic

By Campbell McIlroy

Friday 28th April 2000

Text too small?
Real estate firm Harcourts is launching a credit card that will give homeowners up to 100 days' interest-free credit.

The Harcourts Card, a venture with finance company AGC, allows homeowners to borrow $500 to $10,000 to put toward marketing campaigns or making improvements to the property before sale. An average marketing campaign in Auckland can cost $2000-4000 and $1000-2000 in other centres.

The scheme is based on an Australian model which Harcourts says has enjoyed great success.

Research shows most properties sell within 100 days, after which the vendor can either pay back the debt, avoiding any interest charges, or pay off the balance in instalments.

The card has an application fee of $35, with approval taking as little as an hour and funds available within 48 hours. After 100 days, interest is charged at 21% with a minimum monthly repayment of 3% of the balance.

  General Finance Advertising    

Comments from our readers

No comments yet

Add your comment:
Your name:
Your email:
Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Related News:

NZ dollar falls against Aussie after jobs data there
Sky CEO put on notice by chunky vote against salary share scheme
Unions gearing up to oppose 'market tests' on Fair Pay Agreements
Mandatory farm plans scorned as 'tick box' exercises
Kiwi dollar firms on weak US retail data, capped by rate-cut expectations
17th October 2019 Morning Report
SkyCity hoses down union claims over potential job losses
OPINION: Fair Payment Agreements and 'swallowing vomit' - the lot of the CTU
MARKET CLOSE: NZ shares gain; Restaurant Brands climbs on upbeat outlook
NZ dollar stalls after Bascand's rate cut comments

IRG See IRG research reports