Fees and Charges – In Branch Lending

For your Sample Security Agreement please click here. Please note: Fees set out on the sample agreement are subject to change, as they are frequently reviewed. Our current fees are:

  • Establishment fee: Not more than $174
  • Administration fee: $1.60
  • (Fee is payable in accordance with repayment frequency ie. weekly, fortnightly or monthly)
  • Default fee: $1.28
  • (Payable weekly if you are in arrears of payments)

Additional fees which may become payable

  • Dishonoured payment fee: $2.37
  • (Payable where we need to advise you a payment has been reversed by your bank)
  • Reminder letter: $3.28
  • (Payable where you are advised by letter that your loan is overdue)
  • Pre-possession notice: $3.28
  • (Payable if we advise of our intention to repossess)
  • Issue of Repossession Authority to Agent: $3.28
  • (Payable when we issue an authority to repossess to a third party agent)
  • Settlement fee: $26.37
  • (Payable if you repay a loan before your final payment is due)
  • Actual costs of Repossession
  • (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)
  • 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
  • (Agent fee payable if goods are repossessed)
  • Other Charges (Any costs or charges incurred in the collection or enforcement of the contract) – As invoiced or charged to us

Fees and Charges – Online Lending

For your Sample Online Security Agreement please click here. Please note: Fees set out on the sample agreement are subject to change, as they are frequently reviewed. Our current fees are:

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
  • Weekly/ Fortnight Administration fee $1.60
  • (Fee is payable in accordance with repayment frequency ie weekly, fortnightly or monthly)
  • Default fee: $1.28
  • (Payable weekly if you are in arrears of payments)
  • Letter fee: $3.28
  • (Payable where you are advised by letter that your loan is overdue)
  • Payment dishonor fee: $2.37
  • (Payable where we need to advise you a payment has been reversed by your bank)
  • Early settlement fee: Up to $26.37
  • (Payable if you repay a loan before your final payment is due)
  • Pre-possession notice: $3.28
  • (Payable if we advise of our intention to repossess)
  • Issue of Repossession Authority to Agent: $3.28
  • (Payable when we issue an authority to repossess to a third party agent)

Additional fees which may become payable

  • Dishonoured payment fee $2.37
  • Reminder letter $3.28
  • Pre-possession notice $3.28
  • Repossession notice $3.28
  • (Payable if we advise of our intention to repossess)
  • Issue of Repossession Authority to Agent $3.28
  • (Payable when we issue an authority to repossess to a third party agent)
  • Settlement fee $26.37
  • Actual costs of Repossession

The following fees are agent fees, and are passed on to the borrower at the price charged to us. There is no markup on these fees.

  • Electronic Signature: $1.00
  • Electronic Identity Verification: $1.40
  • Credit Check: $6.00
  • Same day cleared payment fee: $5.00
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