Fees Guide

Our product fees are as follows. All fees and full cost of facility is clearly disclosed in the loan agreement.

TERM LOAN

Drawdown Fee Direct Debit Fee Dishonor Payment Fee Daily Default Interest
2%* of drawdown amount at time of loan funding $3.85 $45 in the event of a failed Direct Debit 0.0075% Chargeable on outstanding Principal

LINE OF CREDIT & TRADE FINANCE

Drawdown Fee Direct Debit Fee Dishonor Payment Fee Daily Default Interest
 2%* of new drawdown amount at time of loan funding $3.85 $45 in the event of a failed Direct Debit 0.0075% Chargeable on outstanding Principal

SECURED BUSINESS LOAN

Drawdown Fee Direct Debit Fee Dishonor Payment Fee Daily Default Interest
 2%* of new drawdown amount $3.85 $45 in the event of a failed Direct Debit 0.0075% Chargeable on outstanding Principal
*Fees may arise due to different acquisitions

EQUIPMENT, CAR, TRUCK AND TRAILER FINANCE

Documentation Fee Direct Debit Fee Dishonor Payment Fee Daily Default Interest
Equipment finance/vehicle finance
documentation fee

$10k to $50k
$549 $3.85 $45
in the event of
a failed Direct Debit
0.0075%
Chargeable on outstanding
Principal
Equipment finance/vehicle finance
documentation fee

More than $50k
$749 $3.85 $45
in the event of
a failed Direct Debit
0.0075%
Chargeable on outstanding
Principal

OTHER FEES

Mortgage registration (for secured loans) - at cost Valuation fee (for secondhand equipment finance, private sale and secured loans) - at cost Recovery fees (in event of default) - at cost

https://www.businessloans.com.au/