Compulsory Fee Description             

Amount $

When the Fee Applies or is Payable

Establishment Fee

$300.00 

For processing a new loan application made directly to us, including approval and acceptance.

PPSR Fees

$20.00 or as incurred 

For searching and registration of our security interest in any collateral you have given us interest over

Administration Fee (Monthly)

$10.00

Monthly fee for processing your repayments and managing your loan

Credit Checks

$5.00 or as incurred 

For processing a credit check with a credit reporting agency

MotorWeb Check

$10.00  

For searching and verifying your vehicle's details against a national vehicle register 

Optional Fee Description   

Amount $

 When the Fee Applies or is Payable

Insurance – PPI *

As incurred

Fee incurred for providing you with Payment Protection Insurance

Insurance – Vehicle Warranties *

As incurred

Fee incurred for providing cover for unexpected mechanical and electrical faults

Insurance – Comprehensive Cover *

As incurred

Fee incurred for providing cover for accident and theft.

Insurance – GAP *

As incurred

Fee incurred for providing cover in any shortfall if your insurance company pay-out is less than the amount to settle your loan.

Early Settlement Fee

$75.00

Only applies if you want to settle your loan early

Statement Fee **

$7.00

Only applies if you request any additional loan statements on top of your 6 monthly continuing loan disclosure statements  

Document Fee**

$7.00

Only applies if you request any additional copies of your loan documents

Variation/Loan Adjustment Fee

$75.00

Only applies if you request a loan change and we agree to it 

Vehicle Service & Registration Fees

As incurred

Any costs incurred in making the security roadworthy & any LTSA fees required.

* The Insurance fees are optional fees only IF you are able to supply a copy of your third Party insurance which must contain Payment Protection Insurance, A Vehicle Warranty, Full Comprehensive Cover & GAP Insurance. (See Insurance General Terms for meanings and what they cover) 

** Free if you download these documents directly from our website via your login page.

Default Fee Description      

Amount $

 When the Fee Applies or is Payable

Dishonour Fee

$25.00

For each dishonoured payment

Default Letter Fee

$7.00

For each reminder letter we send

Prepossession Notice

$35.00

Statutory Notice advising of our intention to repossess security

Prepossession Authority to Act Notice

$35.00

If we instruct an agent to repossess security

Post Possession Notice

$35.00

Statutory Notice confirming repossession

Repossession Cost

As Incurred

Costs incurred in the repossession of the security 

Sale of Goods

As Incurred 

Costs incurred in the sale of security

Storage Costs

As incurred

Costs incurred for secured storage of repossessed security

Statement of Account after Sale

$35.00

Statutory Notice confirming sale of security

Credit Agency Fees

$20.00

If we lodge your default with a credit agency

Collection Agency Fees

Up to $75.00

If we engage an external collection agency

External Collection Costs

As incurred

Costs incurred by an external collector or lawyer

Interest Description

Interest %

When Interest is Charged

Annual Interest rate 

9.95% - 29.95% p.a

The rate charged will depend on your financial situation, security, credit score, affordability and other factors. Interest charges are calculated by multiplying the unpaid balance at the end of the day by a daily interest rate.  The daily interest rate is calculated by dividing the annual interest rate by 365.  Interest is charged to your account as per the payment frequency in  your loan agreement

Default Interest rate

10% p.a.

Charged in addition to the base Annual Interest Rate. Only payable on the amount that is overdue and stops when the overdue amount is paid.