Fees Guide
Our product fees are as follows. All fees and full cost of facility is clearly disclosed in the loan agreement.
TERM LOAN
| Typical Establishment Fee* |
Direct Debit Fee |
Dishonor Payment Fee |
Daily Default Interest |
| 2%
of the drawdown amount |
$3.85 |
$25
in the event of
a failed direct debit |
5% p.a.
chargeable on the outstanding
principal |
LINE OF CREDIT & TRADE FINANCE
| Typical Establishment Fee* |
Direct Debit Fee |
Dishonor Payment Fee |
Daily Default Interest |
| 1.5%
of the drawdown amount |
$3.85 |
$25
in the event of
a failed direct debit |
5% p.a.
chargeable on the outstanding
principal |
SECURED BUSINESS LOAN
| Typical Establishment Fee* |
Direct Debit Fee |
Dishonor Payment Fee |
Daily Default Interest |
| 2%
of the drawdown amount |
$3.85 |
$25
in the event of
a failed direct debit |
5% p.a.
chargeable on the outstanding
principal |
EQUIPMENT, CAR, TRUCK AND TRAILER FINANCE
| Typical Establishment Fee |
Direct Debit Fee |
Dishonor Payment Fee |
Daily Default Interest |
| $499 |
N/A |
$25
in the event of
a failed direct debit |
5% p.a.
chargeable on the outstanding
principal |
*Fees may vary depending on the circumstances of your individual application and accordingly to different acquisitions.
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
