FINANCE

Finance rates from 10.95% to 15.99 % T.A.P

Standard fees and charges applicable to Consumer Contracts

Lending criteria applies

Phone or email us for a finance or trade-in quote

Credit Fees

Establishment Fee

This fee covers the cost of processing, assessing and approving your finance application. It will only

be charged if your finance application is approved

 

Dealer Fee

This fee covers the cost to the Dealer of preparing and processing your application for finance

 

PPSR

This is the cost to us of searching and registering a security interest on the Personal Property Security

 

Statement

Charged to your account when an additional statement is requested and delivered over and above

any statement provided free of charge

 

Maintenance

This fee will be charged to align with the frequency of your loan repayments and covers the cost of

keeping your loan active

 

 

Variation Fees

Variation of Contract

Charged when a variation, assignment or an unscheduled part payment is completed.

This fee is payable at the time UDC consents to the variation, assignment or part pre-payment.

 

Early Settlement

If you repay your loan in full before the final payment, then two different fees are charged:

• A fixed fee to cover the cost of settling your loan
• A variable fee to cover any loss derived from breaking the funding associated with your loan.

To find out more information on early repayment fees, please ask for a copy of the fact sheet

 

 

Collection Fees

Default Interest Charge

Default interest is calculated at the rate of 5% per annum plus the annual interest rate referred to in

your contract. If you fail to make any payment on the due date default interest is payable on the overdue

amount from the due date until the date UDC receives full payment of that overdue amount.

 

Dishonour Fee

Charged when a scheduled loan payment is dishonoured by your bank or when an automatic payment

fails. The fee is payable and will be debited to your account at the time the relevant payment was due.

 

Late Payment Fee

Charged when a scheduled loan payment is not made on time and remains unpaid for seven days.

The fee is payable and will be debited to your account at the time the relevant payment was due.

 

Repossession Action Fee

Payable in the even UDC commences repossession  of the asset(s) taken as security. This fee will

be debited to your account at the time repossession action is commenced.

 

Post Repossession Fee

The fee is payable and will be debited to your account after realisation of the assets or abandonment

of realisation.

 

Important Links:

General Conditions
Credit Sales Agreement
Term Loan
Security Agreement

These fees are effective from 1 August 2012