CCCFA (Credit Contracts and Consumer Finance Act)
The main New Zealand law protecting people who borrow money. It requires lenders to lend responsibly and be clear about costs.
The CCCFA is the Credit Contracts and Consumer Finance Act, New Zealand's main law for consumer lending. It sets the rules lenders must follow when they give loans, including car finance.
In plain terms, the CCCFA protects you. It requires lenders to:
- Lend responsibly and check a loan is affordable for you
- Disclose the interest, fees, and total cost clearly before you sign
- Treat you fairly if you hit hardship
- Keep fees reasonable, not excessive
This is the backbone of responsible lending. It is why a good lender asks about your income and expenses, they are legally required to check you can afford the loan.
Every lender on our panel operates under the CCCFA. That protection is part of what fair finance means. See how it works.
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