Who is Lombard?
Lombard Finance is an Australian owned finance company who has been helping both business owners and consumers achieve their goals and dreams. Retailers and customers alike choose Lombard for the ease of process and exceptional customer service.
The Lombard Visa Card
Once approved, you will receive your Lombard Visa Card and PIN in the mail. Your card will contain the latest in card security via an embedded microchip, and you can use your card up to your approval limit for everyday purchases where VISA is accepted.
Who can apply for a Lombard card?
Anyone can apply for a Lombard card as long as they are:
- A permanent resident of Australia
- Currently employed full time, employed permanent part-time or permanent casual (25+ set hours per week) and earn over $25,000 gross per year
- Have a good credit rating
What information do I require?
When applying you'll need to supply; two forms of Identification (preferably a drivers licence and Medicare card), your residential details, employment information and disclose any outstanding credit. Lombard also requires the contact details for two personal references.
What is an Interest Free Term?
It is a period of time in which you do not have to pay any interest on your Lombard purchase. Interest is payable on any balance outstanding after the Interest Free Term at the Standard Variable Rate applicable to your Lombard account.
What is a deferred payment?
Where a deferred payment period applies, you are not required to make repayments until the end of the deferred payment period. Repayments are only included in the calculation of the Minimum Monthly Payment after the deferred payment period expires. No Interest will be charged on a Lombard account during a deferred payment period.
Can I make additional purchases on my Lombard account?
Yes. The next time you wish to shop and take advantage of an Interest Free offer at participating Lombard retailers, simply have your Lombard account number and ID handy, and present this to the sales consultant. The store will process an additional purchase for you. For all other purchases at non-Lombard retailers, simply swipe/dip your Lombard card and make your purchase to take advantage of our standard Interest Free terms on your Lombard account.
Can I make cash withdrawals on my Lombard card?
Yes. You can use your Lombard card to withdraw cash from your Lombard account at any ATM or via EFTPOS. Cash withdrawals do not qualify for the 55 Day Interest Free Term or for any other Interest Free promotional period. Cash withdrawals attract interest at the applicable Standard Variable Rate from the date of the transaction plus cash advance fees.
How can I make repayments?
Make monthly repayments by direct debit from your nominated bank account, via BPAY or POSTbillpay.
When are repayments due?
Your first repayment is due 55 days after your Lombard account is opened and then every month thereafter. If your first purchase has a deferred payment period, your first repayment will be due once the deferred payment period ends. Please note that you can choose to start making repayments before they become due.
How do I know when a payment is due?
A statement will be sent to you every month by post or email, two weeks before the payment is due, specifying the due date and the amount due. Your first statement will be sent to you one month after your Lombard account is opened.
Is there an early payout fee?
Customers who pay out their account before the Interest Free period do not incur an early payment fee. It's completely up to you if you want to pay the loan out sooner or later.
* Lombard is available ONLY on offers where "Lombard" payment option is offered (see in store for further details). Deposit may be required if it is a special order.
** Lombard is only available in store but can be arranged prior to arrival.
*** Approved applicants only on a line of credit. Terms, conditions, fees and charges apply (and can be viewed here) including an annual $99 fee, charged on the account open date and annually on the anniversary of the account open date. The Annual Fee needs to be paid in full within the 55 day Interest Free Term as part of the first repayment to avoid interest charges. Minimum finance amount applies and is based on the promotional term. Interest is payable on any balance outstanding after the interest free period.