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 and 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
| Product | Establishment Fee | Direct Debit Fee | Dishonor Payment Fee | Daily Default Interest |
|---|---|---|---|---|
| Equipment finance/vehicle finance documentation fee | $499 | N/A | $25 in the event of a failed Direct Debit | 5% p.a. chargeable on the outstanding pincipal |
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
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