Classic Funding Group

I arranged finance on a photocopier for my business. It was a 4 year term, at the end of the term they continued to take payments for a further 13 months. They stated that I had to contact them 3 months before the end of the contract to end the contract. I have never heard of this in the past. The supplier of the item I financed could give me no information, numerous methods of contact with Classic Funding resulted in no action. Of the 13 months of extra payments nothing was given to the supplier of the photocopier. They have basically taken it as a bonus. They are thieves and liars. Do not go near them under any circumstance.

Yes we also got conned by a Sun Source Group rep back in 2015. we will finally pay off this 6kw unit (12K) in Jun2022
as it was not worth trying to pay early . best tip ever never answer the front door to sales reps for any product .

i returned our leased photo copier when we closed the business. (i guaranteed the lease as non executive director) lease was over. so i thought. i found out later the lease was rolled over. they took me to the magistrates courts for 4k outstanding. next 2 year's i paid it off. now i have a bad credit rating even though its paid off. i called them to ask if they would notify the court. they refused. shocking company. do not use

In a classic case of buyer beware, I was convinced by a clever salesperson from Classic Energy Financing Group. Of course in the end I paid probably twice as much as I would have if buying direct, and more when I sold my house and exited the contract early. They are the middle person between you and the supplier, but impossible to get any follow up or support for the system if there are any problems. They pretty much abandon you after that, and the accounting/reasoning behind the early exit fees are fairly dodgy. Lesson is go to a solar company direct. don't have anything to do with financing companies, this one in particular.

If you get a Loan from Classic they will, not provide you bank Details unless you request it, and then you will find out it's an account with another bank. They don't have their own money or account management systems, they just open an account with St Georges.

I have just closed an account with classic funding. Over the time it started well but as I contacted them and asked about certain charges and payouts classic funding were not able to give me factual reasons for overcharging me and double dipping on a payout figure break fee. Would not recommend this company to anyone

After getting funding through classic funding in 2017 it started off ok until I wanted a payout figure 24 months after in 2019 where they couldn’t five me any factual evidence as to why I needed to pay near 30% over the actual borrow amount to finalise the contract. Even with paying 24 months of payments. Classic finance could never produce factual documents stating this. They are crooks

Only agreed too the finance based on the solar redate tariff that was going to be provided, unfortunately this was never going to be honoured by the energy provider .
Lets company's sell they products with fake promises..

Each time I've dealt with people here I have had a friendly, serviceable experience. I don't think they deserve these nasty reviews!

We also took out a loan with classic funding group for solar panels in 2015 and the same problem. We can NEVER get a statement from them, we can NEVER get a payout figure, the only figure they give is always bigger than the original balance. The contract says interest charged daily on the balance however they added all of our interest on to the initial balance so we not only pay that massive amount of interest no matter what, but we also have to pay MASSIVE early repayment costs. Is it a coincidence that the company we bought our solar panels f...

They are expensive, charge large amounts for exceptional fees like failed payments $30 and they leave a lot of unascertainable fees in their contract which means you can be hit with large fees without seeing it coming. If you want your loan to be discharged you pay early repayment fees as well as break fees. The amount of the early repayment fees are set in writing (as huge as 50% of the money loaned!) but the break fees stays a mystery: "There are a number of ways we may calculate break costs. The method of calculation is not ascertainable at ...

We got our loan 3 years ago and are being charged double the rate that is currently available for other green loans for solar. They are being very rude and difficult in letting us repay early. They are trying to charge me break fees on the original credit amount and not the outstanding balance. Shonky!!

I got a loan from Classic funding group (a part of St George Bank) for solar panels and decided to pay my loan out three weeks after the loan started. Well that was very expensive and they were very rude.