Setup Fee $95.00
The loan setup/admin fee payable when you start the loan
Interest Rate – Standard 1.85% per month
The standard interest rate on the loan. We talk about 1.85% per month as most of our loans are for periods under 12 months, however the annualised interest rate is 22.20% p.a
Interest Rate – Default 2.50% per month
The interest you will pay if you default (do not pay on time). You may be charged this from the time of your first default until your loan is completely up to date.
Dishonoured Payment $12.50
This is the charge for having a payment reverse (i.e not enough money in your account)
Single Payment Variation Fee $12.50
Charge for us varying your single payment amount or date
Change Payment Schedule to a different term $65.00
Any change to the payment schedule.
Loan Refinance $125.00
When you need to stop the current loan and setup a new one due to additional amount or longer term
Early Repayment Fee $125.00
When you wish to repay your loan to us early and we need to recalculate and produce a settlement statement for you.
Statement Fee $22.50
When you need us to generate a settlement statement for a certain date for you
Additional PPSR Registration Fee $25.00
If we need to secure our loan to you with a registration on the Personal Property Security Register
Debt Collection Lodgement Fee $175.00
If we are forced to place your debt will a debt collection company.
Caveat Lodgement and Removal $965.00
Should we require to lodge a caveat security against your assets (if your loan is a large amount – or if its a condition of loan approval) or repayment becomes doubtful or you are in formal default