Heartland Extend Secured Loans Rates and Fees

Rates

Interest rates range from 5.95% p.a. to 21.00% p.a. and are fixed for the full term of the loan. The rate charged will depend on your financial circumstances and on the rate of your existing consumer loan that is being refinanced by Heartland Extend.

To understand the rate that will apply to you please call 0800 420 842.

Default interest rates

If you do not pay an amount when it is due, then we will charge you interest at a default interest rate of 6% per annum above the then current interest rate.

Fees

Schedule of Standard Fees and Charges Applied to Extend Secured Loans

Application / Approval / Account Maintenance

Establishment Fee - $55.00

We will charge you this fee for processing a new loan application, including approval and acceptance.

PPSR Fee - $7.39

We will charge you this fee for registration of our security interest in the secured goods.

Refund Fee - $3.00

We may charge you this fee if you overpay us and we refund you.

Early Settlement Fee – a maximum fee of $7.00

This fee may be debited to the account when a loan is settled in full before its final payment date.

Statement Fee - $3.00

We will charge you this fee if we give you (at your request) an additional statement. We do not charge you this fee for providing any six monthly continuing disclosure statements.

Caveat Fee - Actual cost

If we register a caveat over any of your property at any time, we will charge you caveat registration and release costs.

Mortgage Fee - Actual cost

If we register a mortgage over your property at any time, we will charge you mortgage registration costs.

Modifications

Variation Fee - a maximum fee of $21.00

We may charge you this fee if you make a part prepayment of the Loan and we have to change the amounts and/or dates in the Schedule of Payments as a result, or if we agree to vary the terms of your Agreement or any other Relevant Document.

Collections

Repossession Warning Notice Fee - $41.00

We will charge you this fee if we have to send you a Repossession Warning Notice. We usually do this 12-15 days after you have breached your Agreement (e.g. overdue payments).

Couriered Letter Fee - $3.00

We will charge you this fee if a letter is couriered to you. Letters may be couriered to you if your Loan is in arrears and/or we are having difficulty contacting you about your Loan.

Dishonoured Payment Fee - $3.00

We will charge you this fee if your bank dishonours a payment you make to us.

Repossession Warrant Fee - $89.00

We will charge you this fee if we have to instruct an agent to repossess the secured goods (for example, due to overdue payments).

Repossession Fee - $341.00

We will charge you this fee if we have to repossess the secured goods.

Repossessed Vehicle Sales Fee

We will charge you this fee if we sell the secured goods. We select the method of sale in order to obtain the best price reasonably obtainable for the secured goods and the fee will differ depending on how the secured goods are sold as follows:

If we sell the secured goods through our outlet, as a registered motor vehicle trader - $1,460.00
OR
If we sell the secured goods in any other manner – Actual Cost

Debit card fee - $0.36c plus 1.63% of the payment amount

We will charge you this fee when you make a payment on your Loan by debit card. The fee for each payment will be $0.36c plus 1.63% of the payment amount. This fee will be deducted from your payment when it is made.

Recovery Costs - Actual cost

We will charge you any costs charged by third parties relating to your Loan or your Agreement (e.g. repossession agent, legal provider, repairer). We can provide copies of the invoices on request.

Fees and costs added to loan balance

If we charge you any of the above fees or costs, we will add that amount to the Loan principal. That means we will charge interest on that amount until you pay it.