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This fee covers the cost of processing, assessing and approving your finance application. It will only
be charged if your finance application is approved
This fee covers the cost to the Dealer of preparing and processing your application for finance
This is the cost to us of searching and registering a security interest on the Personal Property Security
Charged to your account when an additional statement is requested and delivered over and above
any statement provided free of charge
This fee will be charged to align with the frequency of your loan repayments and covers the cost of
keeping your loan active
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.
If you repay your loan in full before the final payment, then two different fees are charged:
To find out more information on early repayment fees, please ask for a copy of the fact sheet
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.
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
$5.00 per month
$270.00 plus a
5% p.a. plus the annual interest rate stipulated in your contract