About Us  |   Advertise  |   Contact Us  |   Terms & Conditions  |   RSS Feeds
 
Support our sponsors:
sharemarket

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

Chorus to ask shareholders to lift directors' fee pool 12% to beef up board
Fonterra slashes 2015 milk payout to $5.30/kgMS, earnings tumble 76%
NZ dollar falls to year-low on commodity currency weakness, lower dairy payout
While you were sleeping: Health-care stocks slide
NZ dollar holds near 7-month low as Fonterra results awaited
Beef surges to record on US demand for hamburgers, outlook upbeat
Pyne Gould, EPIC lock horns before vote on sacking directors
Official Assignee to oppose lifting Serepisos's bankruptcy
Kathmandu says Australasian earnings will grow as it steps up global expansion
GeoOp CEO Graham steps down to take US executive role with company, shares drop

 
Previous News
Bond
Bond
News Alerts
Breaking News 
After the Bell (daily) 
Gold News 

Unsubscribe/Update »

RSS feeds »
Twitter »
Facebook »

Most Commented On
  forex centre
cfd centre
options centre
NZX 15 Index
   





© Copyright 2014 MoneyOnline Ltd & Investment Research Group Ltd. All Rights Reserved.