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Terms and Conditions

Lending Policy

Jayden Capital Limited aims to primarily offer customised property finance and mortgages to property developers and/or investors for residential, commercial or industrial building development, construction, and subdivisions.

The targeted borrowers will be local developers or investors looking to borrow money to fund property development projects or property investments in New Zealand.

The interest rates to be charged to the borrowers will reflect market conditions and risk.

It is believed that the current economic conditions are favourable for the launch of a property finance company operation which will offer a mix of traditional lending products targeted at the property market.

At present Jayden Capital Limited is authorised for, and will be making, loans to wholesale customers only. Consumer loans will not be considered at this stage.

All lending offered shall be strictly in accordance with the rules, regulations and law that applies to a lending institution like Jayden Capital Limited and are subject to such terms, conditions and policies that are adopted by Jayden Capital Limited from time to time.

These terms, conditions and policies may be changed from time to time and you are advised to read them cafefully before accessing and using our website and app.

By accessing our website or app, you agree to be bound by them.

1. Loan application

Loan applications shall be completed and received on the following basis:

  1. Application forms must be completed by the borrower(s) (but can be completed with broker assistance).
  2. Application forms must comply with Jayden Capital Limited’s Anti-Money Laundering (“AML”) policy.
  3. Acceptable proof of identity must be provided in all cases (being at least photo ID such as current passport or drivers licence, and another form of ID such as credit card, and proof of address) (also refer to Jayden Capital Limited’s AML policy).
  4. Expiration dates must be visible on any photocopies taken on the identification (and the identification must be current).
  5. All income will be verified by provision of bank statements including personal and/or business/trust/ credit card(s) statements.
  6. The borrower(s) must hold either New Zealand residency or citizenship and it is a major consideration whether the Borrower resides and carries out business in New Zealand.

2. Acceptable types of borrowers

  1. Natural persons
  2. Companies.
  3. Trusts.
  4. Partnerships.
  5. Limited partnerships.
  6. Public companies.
  7. Any combination of the above.

3. Age of Borrowers/Guarantors

Loans are available to any natural person(s) over the age of 18 years, provided they are mentally capable of carrying on their own affairs. There is no maximum age limit for borrowers / guarantors, provided that the borrower(s)/guarantors can demonstrate the ability to repay the loan within the agreed contractual arrangements.

4. Loan Applications

Applications shall be completed and received on the following basis:

  1. Application forms must be completed by the borrower(s) (but can be completed with broker assistance).
  2. Application forms must comply with Jayden Capital Limited’s Anti-Money Laundering (“AML“) policy.
  3. Acceptable proof of identity must be provided in all cases (being at least photo ID such as current passport or drivers licence, and another form of ID such as credit card, and proof of address) (also refer to Jayden Capital Limited’s AML policy).
  4. Expiration dates must be visible on any photocopies taken on the identification (and the identification must be current).
  5. All income will be verified by provision of bank statements including personal and/or business/trust/ credit card(s) statements.
  6. The borrowers generally must hold either New Zealand residency or citizenship and must be able to be pursued through the New Zealand legal system in case of default.

5. Non-Residents

A non-resident person or entity are unacceptable types of borrowers.

6. Accepted Loan Purposes

All loans must be considered in the context of providing creditworthy clients with borrowing opportunities, at a reasonable rate of return for Jayden Capital Limited, while safeguarding the overall assets of Jayden Capital Limited. All lending decisions and conditions are at the sole discretion of Jayden Capital Limited.

Jayden Capital Limited will strive to be competitive, and lending will be considered for any lawful purpose but generally restricted to the following loan purposes:

    1. Residential/commercial/industrial construction and/or subdivision on a cost to complete basis with funds advanced against registered valuations and or quantity surveyors reports.
    2. Renovations on a cost-to-complete basis.
    3. Debt consolidation.
    4. Commercial property purchase/refinance.
    5. Capitalised and/or non-capitalised interest lending.
    6. Service apartments.

Loans that are not acceptable:

  1. Equity release loans.
  2. Apartments or units less than 25 square meters (excluding decks).
  3. Second mortgage lending (unless approved by the full Board of Directors and subject to sections 4.1 and 5.1).

7. Loan Amounts

Jayden Capital Limited is not bound by any restrictive lending limit restrictions but sets its internal single exposure or counter party group to a maximum of 65% of total tangible assets but offers loan amounts in the following range subject to sign-off levels:

  1. The minimum loan is usually no less than $750,000.
  2. The maximum new lending limit is usually no more than $2,500,000.
  3. Loans over $2,500,000 and/or outside 65% of total tangible assets are by exception but with prior full Board sign-off.

8. Credit Contracts & Consumer Finance Act 2003 (“CCCFA”)

It is not intended that Jayden Capital Limited will be advancing loans that fall within the ambit of the CCCFA, as it is in the business of providing loans to wholesale customers and not consumers.

9. Exception to Loan Policy Requests

In appropriately meeting the legitimate business needs of the community, there will be loan requests which, if granted, would represent exceptions, in whole or in part, to this policy. The system of Jayden Capital Limited and responsibilities herein established provides for the approval of such exceptions.

Each exception must be specifically recognised as an exception to this policy and specifically reviewed and approved by the Credit Committee.
it is the responsibility of the Senior Manager to recognise, document, justify, and advocate those exceptions that he or she feels are warranted to properly meet the legitimate credit needs of the community within the framework of sound and prudent finance business operations. The Credit Committee will establish maximum exception levels and monitor exceptions not to exceed these levels.

All exceptions to loan policy proposals shall be submitted to the Board of Jayden Capital Limited and shall be at the sole discretion of the Board.