Fees

Interest Rate 
12.0% - 18.0%

Establishment Fee $250.00
A fee of up to $250.00 is charged for processing a new loan application via an intermediary, including approval and acceptance and added to the contract when the loan is actually drawn

Dealer / Broker / Introducer Fee $150.00
A fee of up to $150.00 may be paid to a Dealer/ Broker/ Introducer for referring a loan to us.

PPSR Registration & Security Check $5.95
Charged to the contract when drawn for registration of our security with the Personal Property Security Register.

Credit Check & M.O.J $7.50
Charged to the contract to cover the processing of a Credit Check

PPSR Fees $8.05
Charged to the contract for processing security check per vehicle

Driver License Check $1.50
Charged to the contract for processing check on Drivers license

Refund - Free of charge
If your account is over paid we will refund you free of charge

Dishonoured Payment $5.00
If your Bank dishonour your payment - we will debit your loan account

Early Settlement $75.00
Debited to the account when a loan is settled in full before its final payment date.

Statement $5.00
— Additional statements maybe be charged for

Insurance follow up letter $3.00
Loan will be debited with follow up letters on no-insurance letters or default payments on Insurance as notified from Insurance Company

Cancellation of contract $100.00
A fee will be charged on drawing up contract and cancellation after deciding vehicle is not as expected

Default Fees
Default interest is 5% per annum greater than the rate shown for interest in the INTEREST section, charged daily and compounded monthly at the rate of one 365th of 5% charged on the unpaid instalment or overdue amount from the time that you fall into financial default until you are no longer in financial default.
 

CHANGES TO EXISTING LOANS:

Change of Security $50.00 per security
Loan account will be debited for changing of security

Deed of Variation $50.00 - $250.00
Loan account will be debited if Deed of Variation needs to be processed on further withdrawal

Restructure account $100.00
Loan will be debited when existing loan account needs to be restructured with any payment and loan term changes
 

COLLECTIONS:

Pre -Possession Notice $20.00
Loan will be debited for issuing a Pre -Possession Notice

Repossession Warrant $30.00
Loan will be debited on issuing Repossession Warant

Repossession Fee $200.00
Loan will be debited with a maximum of $200 per repossessed vehicle(s).

Other charges may apply:-

• Agent fees
• Towage
• Storage