Q 1 – What does K&MSC exactly provide?
A * Our main goal is to source land, develop it, build houses and sell them at reasonable prices to Kiwis with low deposit and interest free loans. We are not for profit rather than to assist New Zealanders to achieve the Kiwi dream of purchasing their first home, without long term debt, so they can be free to enjoy their lives.
Q 2 – How does it work?
A * Very easy, by contributing a weekly amount of money and encouraging your family members and friends to contribute it will assist all New Zealanders to benefit from the interest free loan. Every dollar you donate will go toward your first home deposit. Only those who contribute to K&MSC will be entitled to a free loan.
Q 3 – Is the loan really interest free?
A * Yes indeed, every single dollar paid after granted loan goes straight toward reducing your loan. We do offer loans up to 100% of valuation, all subject to normal bank lending criteria and must be secured over a registered residential property.
Q 4 – Can anyone join?
A * Yes of course – everyone is welcome to join. K&MSC encourages parents, grandparents, whanau, Children, students, singles, couples, basically all New Zealanders are welcome to join.
Q 5 – How does the loan repayments work?
A * We ask that the loan is repaid within 7-10 years, or as soon as reasonable, to enable us to gather the funds to be re-lent to help others as soon as possible. The loan repayments are arranged based on your situation at the time of lending.
Q 6 – What’s the minimum contribution?
A * The minimum contribution is $10 per week. We do encourage the whole family to be involved in order to be able to contribute more and pay off your loan sooner.
Q 7 – Is it possible contribute a little now and increase it later?
A * Yes of course, you can also initiate with a small loan now and increase it later when you can afford more.
Q 8 – Is K&MSC safe?
A * K&MSC is a New Zealand company, operating on soft loans and contributions from all New Zealanders. Unlike the banks we don’t borrow from investors. We have no debt. We are not subject to interest rate or credit fluctuations and so you have the certainty of knowing from the outset what your cost will be. Interest rates can rise or fall but your contribution and repayment rate will not be affected. So tell your friends and neighbours to sign up the whole family for the best investment possible. By joining US, you’ll benefit from the interest free loan and help many other New Zealanders; we’ll work together as a community and we’ll empower ourselves to afford to buy our own home and be debt free quicker.
Q 9 – What if I can’t afford a mortgage?
A * K&MSC would love to help all New Zealanders to buy their first homes, regardless of their income. If you are on lower income please talk to us. You are welcome to contribute as much as you can afford, and you won’t be caught by increases in interest rates.
Need more information on how to join?
Email info@kmsc.co.nz