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.



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.
Bookmark and Share   Printable version
Related News

Why I am backing Tony Falkenstein for the NZX Board - by Brent King
MARKET CLOSE: NZ shares fall; Contact, Trustpower give up gains
NZ dollar steady, markets looking ahead to next week's US data
Restaurant Brands sales to exceed $700 mln in 2018 as KFC market keeps growing, CEO says
NZ construction sector upbeat on infrastructure work, buoyed by govt injection
Vector signs multi-million battery storage deal with Territory Generation in Alice Springs
NZ wool prices fall; crossbred fleece hits lowest level in 7 1/2 years
Restaurant Brands to seek ASX dual-listing
NZ dollar rises after RBNZ maintains stance in latest rates review
While you were sleeping: Health care stocks rise

IRG See IRG research reports