Payment Plan ‘FREQUENTLY ASKED QUESTIONS’ (FAQ’s)

The following ‘Frequently Asked Questions’ is provided as a guide only. For information on the Kincrome Payment Plan or your application please contact Morris on 1300 4 MORRIS.



IMPORTANT INFORMATION

Morris will only settle invoices with Kincrome distributed products listed. Morris will not settle invoices with any other brands or products listed, it is not possible to finance any other product or brand other than those distributed by Kincrome including: KINCROME, SUPATOOL, SUPATOOL PREMIUM, FINKAL, or LISLE.

Kincrome is not providing the Finance and so any queries regarding an application or payment should be directed straight to Morris on 1300 4 MORRIS.



FREQUENTLY ASKED QUESTIONS


APPLICATION INFORMATION

Do I need an ABN to apply?

Who am I borrowing the money from?

How does Morris differ from a bank?

How long does it take to get approved?

How much can I borrow?

Can I payout my facility early?

Are there any Early Payout Penalty’s?

Can I make additional payments on my Account?

What is your interest rate?

Why should I do business with Morris?

What will the loan with Morris allow me to do in future?

What are the Fees and charges?

Is Kincrome selling tools direct or via a Click and Collect service?



HOW DOES THE KINCROME PAYMENT PLAN WORK?

Can I purchase non-Kincrome products and finance it through the Kincrome Payment Plan?

Can I purchase Kincrome products from your website (kincrome.com.au)?

Am I required to pay a deposit?

What happens if I want to return the product that I bought using the Kincrome Payment Plan?

What happens if a product I bought using the Kincrome Payment Plan has a warranty issue?

What happens if I am unable to make the loan repayments?






FREQUENTLY ASKED QUESTIONS

APPLICATION INFORMATION

Do I need an ABN to apply?
No, you do not need an ABN to apply. However if you are a business owner, or wanting to apply with an ABN you can also do so. Contact Morris on 1300 4 MORRIS to discuss your application.


Who am I borrowing the money from?
Morris, have been actively involved in the commercial lending sector across Australia for over 24 years. They have established relationships with lenders and possess their own credit licence. (Licence no: 395249)


How does Morris differ from a bank?
Morris can offer clients faster and more carefully tailored flexible solutions than most banks.


How long does it take to get approved?
Approval times can vary as each application is different; we strive to have an answer within 12 – 24 hours in most instances.


How much can I borrow?
The minimum amount financed starts at $1,000.00 there is no maximum, however each application is assessed on its own merits and the capacity of the borrower.


Can I payout my facility early?
Yes, you can contact one of Morris customer service specialists and they will be happy to assist.


Are there any Early Payout Penalty’s?
No, provided the account has been maintained correctly, Morris has agreed to waive any early termination charges.


Can I make additional payments on my Account?
Yes, additional payments can be made at any time.


What is your interest rate?
Interest rates vary depending on the type of financial product, the term, amount of the loan and the credit risk.


Why should I do business with Morris?
For flexibility and understanding. As your needs fluctuate during the term of your loan, you can create convenient structures from an array of customised lending products.


What will the loan with Morris allow me to do in future?
In many instances this initial facility will allow you to establish a good credit rating that will be vital in terms of future borrowings for lifestyle choices (ie: cars, boats, properties, businesses, equipment etc).


What are the Fees and charges?
A one off Application Fee of $250.00 is payable upon settlement. There are no ongoing or monthly account fees.


Is Kincrome selling tools direct or via a Click and Collect service?
No. While the customer may browse our website for products, the actual purchase will need to be made through an authorised Kincrome distributor.





HOW DOES THE KINCROME PAYMENT PLAN WORK?

Can I purchase non-Kincrome products and finance it through the Kincrome Payment Plan?
Morris will only settle invoices with Kincrome distributed products listed. Morris will not settle invoices with any other brands or products listed, it is not possible to finance any other product or brand other than those distributed by Kincrome including: KINCROME, SUPATOOL, SUPATOOL PREMIUM, FINKAL, or LISLE.


Can I purchase Kincrome products from your website (kincrome.com.au)?
No. While the Kincrome website makes it easy to browse our entire product range, all Kincrome Payment Plan purchases must be purchased through one of our authorised distributors.


Am I required to pay a deposit?
There is no deposit required.


What happens if I want to return the product that I bought using the Kincrome Payment Plan?
Where a customer has bought the goods and the finance contract is settled, it cannot be reversed.


What happens if a product I bought using the Kincrome Payment Plan has a warranty issue?
As per the Kincrome Warranty Claims & Returns process, return the goods to the place of purchase for Warranty Assessment. In the event of a genuine warranty claim the goods will be replaced. The finance contract continues to roll on.


What happens if I am unable to make the loan repayments?
If you are having, or likely to have, difficulty making a payment under your Payment Plan arrangement please contact Morris immediately to discuss the situation. If you need to move a payment, a $10 fee may be charged.




Conditions / Requirements

  • Applicants must be aged 18 years or older
  • Proof of address will be required
  • Requirements of Drivers Licence and Medicare Card copies upon Application for Tools
  • Applicants must be currently employed
  • A note that tools are required for Work Use/Employment Use only
  • Individuals will be required to complete a Business Purpose Declaration to confirm that the loan is for products for business use and not personal, domestic or household use.
  • Tax Deductions may apply for business use Customers. See your tax advisor for details. Morris does not provide legal, tax or accounting advice


More Information

For More Information, Call: 1300 4 MORRIS.

Morris Finance Ltd: ABN 70 083 630 139 Australian Credit Licence: 395 249.