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Application fees

We charge an Establishment Fee when your loan is drawn down.

It covers the cost of providing you with credit assistance, which includes the assessment and verification services we undertake to establish your loan. Our Establishment Fee is non-refundable.

Remember that we do not have any monthly or annual fees, or penalties for making early repayments.

Other lenders often include fees like these so we recommend you check this carefully if considering other lenders.

Calculating your Establishment Fee

We will tell you the cost of the Establishment Fee when you get your rate estimate.

Like our interest rates, establishment fees are personalised. This fee ranges from 0% to 5.5% of the loan amount, depending on your risk band.

How your Establishment Fee is charged

We add your Establishment Fee to your loan, so you don’t have to pay for it out of your pocket.

For example, if you need $5,000 to buy a car and your Establishment Fee was set at $300, we’ll add the fee to your loan so that your total loan amount will be for $5,300.

We will automatically deduct the $300 Establishment Fee when we disburse the proceeds of your loan and so you’ll receive $5,000. This way, you’ll never be left out of pocket.

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