Our Loan Fees and Charges

We’re upfront about our costs, so you know exactly what to expect. Here’s a breakdown of the fees that may apply to your loan.

​

Loan Establishment Fees

• Interest Rate:
  Our annual interest rates range from 15.99% to 24.99%, based on your individual circumstances.

• Documentation Fee – $366
  Charged when we process and approve a new loan or a top-up (further advance), as outlined in your loan contract.

• PPSR Fee – $18
  Covers the cost of registering your loan on the Personal Property Securities Register (PPSR).

​

Loan Administration Fees

• Monthly Account Fee – $8 per month
  A regular fee to manage your loan and process payments.

• Prepayment Administration Fee – $35
  Charged when you pay off your loan in full before the end of the term, to cover administrative costs.

• Prepayment Fee – Calculated on request
  May apply if you settle your loan early. This fee covers our loss from changes in interest rates and is calculated using a government-prescribed formula. You may be charged this in addition to the prepayment administration fee.

• Loan Restructure Fee – $175
  Charged when we agree to restructure your existing loan.

​

Default and Collection Fees

• Arrears Management Fee – $33 per month
  Charged if your loan is overdue described in your personal contract

• Repossession Administration Fee – $145
  Covers our administrative costs if we begin repossession.

• Court Proceedings Fee – $225
  Charged if we need to initiate legal action due to non-payment. Additional court fees will apply. 

​

Recovery and Enforcement Costs

• Enforcement and Other Costs – Actual costs
  Charged when we incur reasonable third-party costs (e.g. arranging insurance) while acting on your behalf under the loan agreement. Copies of invoices are available upon request.

• Third-Party Recovery Costs – Actual costs
  Covers fees from third parties (e.g. debt collectors, repossession agents, legal fees, court costs) when enforcing our rights after a default. Invoices are available on request.

​

Default Interest

If you miss a payment, we charge default interest on the overdue amount.
The default interest rate is your current loan interest rate plus 10% per annum, applied only to the unpaid overdue amount while the default continues.

​

​

The information provided above is a summary of the standard fees and charges that may apply to our loans. All fees, interest rates, and charges are subject to the terms and conditions outlined in your individual loan agreement.​ We are a responsible lender and assess each loan application on a case-by-case basis. The actual interest rate, fees, and repayment terms applicable to your loan will be disclosed in your loan agreement before you commit to the loan.​ Fees and charges may change from time to time. We will give you notice of any changes as required under your loan agreement and applicable law.​ This information is provided for general guidance only and does not constitute financial advice. We recommend that you seek independent financial advice before entering into a loan agreement.

​

If you have any questions or need clarification about any fees, please contact us directly. We're happy to help.