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
1.5%
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
1.5%
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
1.5%
of new drawdown amount
$3.85 $45
in the event of
a failed Direct Debit
0.0075%
Chargeable on outstanding
Principal

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

Caveat registration (for secured loans) - $295
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/