Disclosure Statement

Licensing Information

NeedCashToday is a trading name operated under The Lending Room Limited, which holds a Class 2 Financial Advice Provider Licence issued by the Financial Markets Authority to provide financial advice services.

FSP Number: 486566

FSP Name: The Lending Room Limited

NZBN: 9429042181880

Registered office and business address: Level 8, 57 Fort Street, Auckland CBD, Auckland 1010

Dispute Resolution Scheme: Financial Disputes Resolution Service (FDRS)

DRS Membership Number: 5669

Trading as: NeedCashToday

Contact email: info@needcashtoday.co.nz

Contact phone: 09 928 6800

Services

The Lending Room Limited, trading as NeedCashToday, provides financial services for:

1. Vehicle loans, personal loans and debt consolidation

We provide financial services about credit contracts from Finance Now, Oxford Finance, Avanti Finance, Geneva Finance, Pioneer, Financial Holdings Limited, Jade Finance, AKF Finance, Personal Loan Corporation and MTF Finance.

No Financial Advice

The Lending Room Limited does not provide regulated financial advice. If we present a credit contract or credit contract insurance products to you, our role is limited to providing you with relevant information and assisting you with making the application. This information aims to assist you in making an informed decision.

Fees and Remuneration

Loans:

The Lending Room Limited will charge a broker fee of up to $1,500, while our lenders impose an establishment fee that can range from $195 to $450, depending on the specific lender. These fees are added to the loan amount you are borrowing and are GST inclusive.

We receive remuneration through commissions from lenders. The successful lender pays us a commission based on the loan value.

Conflicts of Interest

Beyond the commissions we receive, on occasion we may receive non-monetary rewards such as gifts or tickets to events from financial services entities. We may provide non-monetary rewards to third parties that refer you to us, where you enter into a completed contract.

To address conflicts of interest we provide our team with ongoing training in conflict interest management. We regularly carry out compliance audits and reviews of our compliance program to ensure our policies underscore independence, objectivity, and ethical behaviour. Our primary focus is always on our clients' best interests.

Complaints and Dispute Resolution

If you are dissatisfied with our financial services, you can submit a complaint to The Lending Room Limited by emailing info@needcashtoday.co.nz or calling 09 928 6800.

After receiving your complaint, we will thoroughly review it and if needed we may contact you for more information. We will aim to resolve complaints within 5–10 working days from receipt. You can expect to receive communication from us via phone or email regarding the outcome of your complaint and our proposed resolution.

If we are unable to resolve your complaint, or if you are not satisfied with our proposed resolution, you have the option to contact the Financial Disputes Resolution Service (FDRS).

Financial Disputes Resolution Service (FDRS) is an organisation that provides a free and independent dispute resolution service for consumers in the financial services industry.