Personal Loans Rates and Fees
Interest rates range from 9.75% p.a. to 29.95% p.a. The rate charged will depend on your financial circumstances, taking into account:
- how much you want to borrow
- the term of your loan
- your income
- your other financial commitments
- your credit history
To understand the rate that will apply to you please call 0800 85 20 20.
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.
Schedule of Standard Fees and Charges Applied to Personal Loans
Application / Approval / Account Maintenance
Establishment Fee - $222.00
We will charge you a fee of up to $222.00 for processing a new loan application via an intermediary, including approval and acceptance.
Dealer/Broker/Introducer Fee $120.00
We may charge you a fee of up to $120.00 which we will pay to any dealer/broker/introducer who refers you to us in relation to the Loan.
Refund Fee - $16.00
We will charge you this fee if you overpay us and we refund you.
Early Settlement Fee - $42.00
Debited to the account when a loan is settled in full before its final payment date.
Statement Fee - $5.00
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 statements.
Variation Fee - $135.00
We will charge you this fee if we agree you can make an unscheduled part prepayment of the Loan and we have to change the amounts and dates in SCHEDULE OF PAYMENTS on page 1 of these Commercial Terms as a result.
Refinance Fee - $222.00
We will charge you this fee if we change the terms of the Loan to help you if you are having difficulty keeping up with your payments, or if you want to change the term (length) of the Loan.
Reminder Letter Fee - $6.00
We will charge you this fee if we have to send you a Reminder Letter. We usually do this 15 days after you have breached the Agreement (e.g. overdue payments).
Demand Notice Fee - $4.00
We will charge you this fee if we have to send you a Demand Notice. We usually do this 30 days after you have breached the Agreement (e.g. overdue payments).
Final Demand Notice Fee - $15.00
We will charge you this fee if we have to send you a Final Demand Notice. We usually do this 60 days after a breach of terms (e.g. overdue instalments).
Dishonoured Payment Fee - $4.00
We will charge you this fee if your bank dishonours a payment you make to us.
We will charge you any costs charged by third parties relating to your Loan or this Agreement (e.g. repossession agent, legal provider, repairer). We can provide copies of the invoices on request.
Fees and costs added to loan balanace
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.