Schedule of Fees
Effective 11 April 2024
Fees include GST where applicable
Fee | Amount | When we charge this fee |
---|---|---|
Account Management | $1.49 per week (weekly payments), $6.45 per month (monthly payments) | Charged with your regular payment under your finance contract |
Contract Assignment | $699.00 first contract $220.00 subsequent contracts (assigned at the same time) | For changing (or releasing) borrowers or guarantors under a contract or agreement |
Contract Documentation Fee | From $699.00 | Upon execution of contract documents (prior to settlement) |
Loan / Lease Establishment Fee | % of amount finance detailed at time of our offer or approval | Capitalised into the loan upon drawdown (or may be paid in advance by the borrower). |
Mortgage Security Documentation & Registration | Detailed at time of our offer or approval | Payable upon requesting documentation for any transaction secured by real property mortgage. This fee is capitalised into the loan amount on drawdown. |
Private Sale Levy | $500.00 | Added to the Contract Documentation / Establishment Fee when you acquire goods under an agreement from a Private Seller |
Customer Reimbursement / Sale & Lease Back Levy | $500.00 | Added to the Contract Documentation / Establishment Fee where you require us to reimburse you, or purchase goods from you, under an agreement |
Real Property Security Registration Fee (Caveat Lodgement Only) | $350.00 | For any contract or agreement where a condition of approval is to register a caveat in respect of an interest in real property at settlement. |
Specialised Documentation | $550.00 or the cost levied on CFI in preparing the document (whichever is greater) | For any specialist document required on entering into a contract or agreement with us. This fee is in addition to any standard applicable Contract Documentation, Establishment Fee, and/or Security Documentation & Registration Fee. |
PPS Registration Fee | $48.40 | For any contract or agreement where we register a security interest granted by you on the PPSR |
Security Release | $450.00 | When we release any security which we have taken under a contract (other than when the contract ends in the ordinary course) |
Early Termination Administration Fee | $550.00 | Per early termination event whether complete or partial |
Direct Debit Dishonour | $38.50 | When a direct debit payment to us dishonours |
Mercantile Agent Fees | Agent Fees plus $165.00 | When you are in default under a contract and we deem it necessary to send a mercantile agent to confirm the location and disposition of any security |
Legal Recovery Fees | Legal Fee plus $165.00 | When you are in default under a contract and we deem it necessary to engage legal services on our behalf |
Settlement Attendance Fee | $220.00 | Charged if you require us to attend settlement on the payout of your contract (Fee may increase for areas outside of Brisbane, Sydney, and Melbourne CBD.) |