Costs of borrowing

Credit fees and charges

The following credit fees and charges are, or may become, payable under, or in connection with, the contract:

Annual interest rate: 39% fixed for the whole contract

Establishment fee: $328.00

Monthly Administration fee $18.00 per month as long as there is an unpaid balance.

Letter fee of $15.00 may be charged to your account any time you request a statement of your account that we are not otherwise required to send you.

Payment rescheduling fee of $20.00 each time you ask and we agree for a payment date or amount to be changed that will extend the term of the contract.

$150.00 fee if you wish to alter security of for any variation of this agreement where we agree you can replace a collateral motor vehicle with another vehicle.

$35.00 Early full repayment administration fee if you prepay the unpaid balance in full.

Security check and PPSA registration and removal: at cost

Default fees and charges

Dishonour fee of $20.00 debited if any scheduled payment to the lender is made late after the due date or is reversed or dishonoured.

Default notification fee of $8.00 for telephone, post, email and/or SMS contact following default.

Annual default interest rate is 48%, which is 9% per annum greater than the rate shown for interest, and is charged to your account monthly. However, default interest is only charged on the overdue amount until you are no longer in default.

Letter Fee of $15.00 any time we write to you or to anyone representing you with regard to a missed payment(s) or in relation to any other default you commit under this agreement or with respect to ongoing default.

Payment rescheduling fee of $20.00 any time you request a scheduled payment to be rescheduled to another date.

Enforcement/debt collection costs: in the event of your default and the file is transferred to debt collection.