Making an Application
Applying for Asset Finance
Applying for asset finance is a straightforward process designed to help your business access the machinery, equipment or vehicles it needs without large upfront costs.
Our team will guide you through your options and let you know exactly what information is needed to move forward.
You can get in touch with us in a number of ways:
- Contact the Area Sales Manager in your region
- Send an email to info@finorfinance.ie
- Phone us on 056 7706 551
- Complete an online enquiry here
- Referral made to us by the dealer where you are sourcing the asset
Once your application is approved, we will finalise the agreement and arrange payment directly to the dealer so you can start using your asset without delay.
What You Need to Apply
In some cases, we may request additional information to complete our assessment.
- Previous 3 months bank statements
- Proof of PPSN or tax number
- Proof of address
- Photo ID
Getting a Decision
We carry out a full review of your application to ensure the finance is right for your business. This includes:
- Your banking track record and repayment history.
- The finance amount, term and asset type.
- Your ability to repay alongside existing commitments.
- Your business and sector.
- The value of the asset and any additional security required.
In most cases, we rely on the value of the asset itself. However, depending on the level of finance or overall risk profile, additional security may be required.
Once the assessment is complete, we will confirm the outcome and agree next steps. If approved, you will receive full documentation outlining repayments, fees, charges and terms.
If your application is declined or only partially approved, we will explain the decision clearly in writing and outline your options.
Appeal Your Decision
If you do not agree with a credit decision, you can request a review through our appeals process.
You can appeal if:
- Your application was declined.
- Your application was approved for a lower amount or shorter term than requested.
- Special conditions were applied that you are not satisfied with
To submit an appeal, contact us within 21 working days of your decision. You can include any additional information that may support your application.
Your case will be reviewed by two independent credit reviewers, and you will receive a written outcome. We assess every appeal fairly and on a case by case basis.
Fees, Charges and Interest
We keep all fees and charges clear from the outset.
Your agreement will include:
- A documentation fee for setting up your finance.
- Fixed interest charges over the agreed term.
All costs are outlined in full before you proceed, so you understand exactly what to expect.
Rates will vary depending on the asset, the structure of the agreement, your credit profile and market conditions. Asset finance is typically more competitive than unsecured lending, as the asset itself provides security.
Central Credit Register
As a lender regulated by the Central Bank of Ireland, we are required to carry out a credit check with the Central Credit Register for applications of €2,000 and above.
With your consent, we will complete this check as part of your application. For companies and partnerships, this may also include Directors or Partners where required.