Fees and Charges – In Branch Lending
The interest rate is 49.75% per annum, fixed for the whole term of the contract.
- Establishment fee: Not more than $174
- Administration fee: $1.60
- Default fee: $1.28
(Fee is payable in accordance with repayment frequency ie. weekly, fortnightly or monthly)
(Payable weekly if you are in arrears of payments)
Additional fees which may become payable
- Dishonoured payment fee: $2.37
- Reminder letter: $3.28
- Pre-possession notice: $3.28
- Issue of Repossession Authority to Agent: $3.28
- Settlement fee: $26.37
- Actual costs of Repossession
(Payable where we need to advise you a payment has been reversed by your bank)
(Payable where you are advised by letter that your loan is overdue)
(Payable if we advise of our intention to repossess)
(Payable when we issue an authority to repossess to a third party agent)
(Payable if you repay a loan before your final payment is due)
(Agent fee payable if goods are repossessed)
Third Party Fees which may be payable. These fees are charged at the cost or average cost invoiced to Linsa.
- PPSR Search $2.30 (per vehicle or person)
- PPSR Registration $16.10 (per vehicle)
- Electronic Bank Statement Retrieval Fee (per financial institution) $1.95
- Motor Vehicle Check $4.31 (per vehicle)
- Redbook Valuation Check $2.99 (per vehicle)
- Veda Credit Check $10.52 (per person)
- Same day cleared payment fee $5
- Actual costs of Repossession
- Other Charges (Any costs or charges incurred in the collection or enforcement of the contract) – As invoiced or charged to us
(Agent fee payable if goods are repossessed)
Fees and Charges – Online Lending
The interest rate is 49.75% per annum, fixed for the whole term of the contract.
As part of the loan process is automated the establishment fees are slightly less than our face-to-face loans. There are however some extra fees including those for Electronic Identity Verification and Electronic Signature fees. A full list of applicable fees follows:
- Establishment fee: $99
- Administration Fee $1.60
- Default fee: $1.28
(Fee is payable in accordance with repayment frequency ie weekly, fortnightly or monthly)
(Payable weekly if you are in arrears of payments)
Additional fees which may become payable
- Dishonoured payment fee: $2.37
- Reminder letter: $3.28
- Pre-possession notice: $3.28
- Issue of Repossession Authority to Agent: $3.28
- Settlement fee: $26.37
- Actual costs of Repossession
(Payable where we need to advise you a payment has been reversed by your bank)
(Payable where you are advised by letter that your loan is overdue)
(Payable if we advise of our intention to repossess)
(Payable when we issue an authority to repossess to a third party agent)
(Payable if you repay a loan before your final payment is due)
(Agent fee payable if goods are repossessed)
Third Party Fees which may be payable. These fees are charged at the cost or average cost invoiced to Linsa.
- PPSR Search $2.30 (per vehicle or person)
- PPSR Registration $16.10 (per vehicle)
- Electronic Bank Statement Retrieval Fee (per financial institution) $1.95
- Motor Vehicle Check $4.31 (per vehicle)
- Redbook Valuation Check $2.99 (per vehicle)
- Veda Credit Check $10.52 (per person)
- Same day cleared payment fee $5
- Actual costs of Repossession
- Electronic Signature: $1.00
- Electronic Identity Verification: $1.40
- Other Charges (Any costs or charges incurred in the collection or enforcement of the contract) – As invoiced or charged to us