Yes Finance Standard Administration Fees and Charges
Effective 6th June 2015

Establishment Fee on Credit Sale Agreements through approved RetailersFee Charged for processing application and Documents based on time and cost basis, includes Credit Agency searches.
Consumer Goods$69.001 Borrower
$80.002 Borrowers (Joint Application)
$100.00Additional Fee Charged if Digitally signed by Yes Finance Staff

Motor Vehicle Agreement$400.00Fee Charged for processing application, Follow-ups, research of security value, includes Credit Agency searches for up to 2 borrowers
$100.00Additional Fee Charged if Digitally signed by Yes Finance Staff
Establishment Fee Credit Agreement Personal loans to Natural persons (PL)$350.00Fee Charged for processing application, interview, research of security value and signing of agreement, includes Credit Agency searches for up to 2 borrowers
Establishment Fee Motor Vehicle Agreement (PL)$400.00Fee Charged for processing application, Follow-ups, research of security value, includes Credit Agency searches for up to 2 borrowers
Establishment Fee Commercial Lending (BL)$500.00-$2000.00Fee Charged for processing application, Follow-ups, research of security value, and evaluation of Financials based on time basis dependant on the complexity, Identity and structure of the bowers and Guarantors of the borrowers and includes Credit Agency searches.
Documentation Fee (Law Society)Charged to cover producing and costs of Law Society paperwork, if used to secure loans, when produced by YFL Staff.
General Security Agreements$250.00
Term Loan$200.00
Personal Guarantees$150.00
VIR Search$25.00Charged against the account for VIR search during maintenance of loan
PPSR$23.00Includes searches on up to 2 borrowers registration of Financing Statements Charged during creation of Agreement.
Refund Fee$10.00Process fee for accounts that are overpaid or prepaid and refund is requested.
Statement Fee$5.00Charged when Continuing Disclosure Statement is sent during the term of the Agreement.
Phone call fee$2.50Charged against the account for Toll and Cell Phone calls when contacting clients in default charged per call 1st call is free.
Dishonour Fee$25.00Charged against the account when a payment is dishonoured Includes the Letter (D)
Account Fee$5.00Monthly administration account fee charged against the account during the term of the loan.
Default Interest Rate10%If you do not pay an amount when due we will charge interest at the default interest rate on the amount which is due and unpaid while the default continues. The annual interest rate at the time of the default plus 10% per annum
Default Letter FeesFees charged against the account on various letters when produced and sent to debtor.
R1-Reminder$0.00
R2- Reminder$5.00
Part Payment Reminder$3.50
Pre-Possession Notice$15.00
Part Payment Pre possession$2.00
Repossession Authority (RA)$100.00
Re- Issue Updated RA$20.00
Post Repossession Authority$15.00
Statement After Sale (SAS)$20.00
Letter of Demand – Personal$15.00 +
Letter of Demand – Company$45.00 +
+ is defined as plus third party costs of service and lawyers costs if any.
Collection Agency FeesOn ChargeFees charged to YFL are on charged at cost from agents appointed by YFL for services involved collection of default.
Storage CostsGoods in storage attract storage at YFL $1 per day per item and larger items like a Car $15 per day or if stored elsewhere the actual cost if (greater) All charges are plus GST.
Repossession FeesOn ChargeFees charged to YFL are on charged at cost from agents appointed by Yes to repossess goods or collection of arrears.
Repossession by YFL staff are $ 100.00 (South Auckland Region- 30 MIN RETURN TRIP) plus $50.00 additional personnel., Outside Area – Plus Mileage $5.00 per Km
Collections YFL staff visit Fees$40.00Fee Charged for appointment made valuation outside of Office (South Auckland Region- 30 MIN RETURN TRIP),Outside Area – Mileage $2.00 per Km
Settlement FeeSettlement requests and processes involved in closing of loan if loan settled early. This is the Administration fee and does not include any financial loss due to drop in interest rates that may apply.
Personal Loan$50-100.00
Business Loan$300.00
Valuation Fees$50.00Fee Charged for appointment made valuation outside of Office (South Auckland Region- 30 MIN RETURN TRIP),Outside Area – Mileage $2.00 per Km
GNA (Gone no address) Fee$25.00Fee charged when client is reported GNA or mail returned includes Veda Advantage Checks and Motor Checks fees
Loan Variation Fees
Schedule Change Fee$25.00Charged when client wishes to vary the Agreement payment day or frequency
All other loan Variations$100.00+Charged when client wishes to vary the Agreement by extra advance, changing of security etc (not charged on loan adjustments) These are time and cost basis and these disclosed on the Variation Document, This is the minimum charge. (+)
Copy of Loan Agreement$5.00Fee Charged for Copy Loan of documents- Need to be scanned originals and signed by manager as copy of original. NB: This does not include application documents which are YFL property only and not permissible for coping.
Office Payment Fee$2.00Fee charged for administration of any loan repayments made at YFL offices.
Veda Monitoring Hit$7.00Fee charged where monitoring has been set up on a GNA client, includes Agency cost and YFL costs for a new address notification.

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Awesome company amazing fast service. I’ll like to thank you so much Shweta Kashyap for your awesome service you helped me out so much and I can’t thank you enough!!
You went above and beyond for me!!! I highly recommend yes finance.

Tina T

Yes Finance Limited
2019-05-09T22:25:38+00:00

Tina T

Awesome company amazing fast service. I’ll like to thank you so much Shweta Kashyap for your awesome service you helped me out so much and I can’t thank you enough!! You went above and beyond for me!!! I highly recommend yes finance.
Just a short note to acknowledge receipt of payment, and to thank you for your top service.

Peter Smith

Yes Finance Limited
2019-04-15T02:43:39+00:00

Peter Smith

Just a short note to acknowledge receipt of payment, and to thank you for your top service.
I would like to thank you for help with my loan application. My husband & I appreciate your hardwork and dedication towards sealing the deal on Monday despite the cut off time you still managed to pull it through!

Nikita H

Yes Finance Limited
2019-04-15T04:20:47+00:00

Nikita H

I would like to thank you for help with my loan application. My husband & I appreciate your hardwork and dedication towards sealing the deal on Monday despite the cut off time you still managed to pull it through!
Thanks for sending through the paper work – I received it yesterday. I also wanted to thank you for the great customer service you provided, and also the Events Cinema card (awesome!). If only more companies offered such great service!

De Wet

Yes Finance Limited
2019-04-15T04:18:31+00:00

De Wet

Thanks for sending through the paper work – I received it yesterday. I also wanted to thank you for the great customer service you provided, and also the Events Cinema card (awesome!). If only more companies offered such great service!
You advertised a great deal on the radio and promised great service and I received all of the above. Your team are true professionals!

C Walsh - Hamilton

Yes Finance Limited
2019-04-15T04:16:19+00:00

C Walsh - Hamilton

You advertised a great deal on the radio and promised great service and I received all of the above. Your team are true professionals!
I would like to thank you Toni for your support and understanding when my family had a change of circumstances hehehe well more than once.It has been fantastic service for the time that the car was on finance thank you again.

Kohu T

Yes Finance Limited
2019-04-15T03:50:32+00:00

Kohu T

I would like to thank you Toni for your support and understanding when my family had a change of circumstances hehehe well more than once.It has been fantastic service for the time that the car was on finance thank you again.
AWESOME (even with the interest)!!!!!!! I can’t wait. I will let you know when I have everything. Thank you so much for your efficiency, friendliness and help. I really appreciate it.

Karyn G

Yes Finance Limited
2019-04-15T04:19:31+00:00

Karyn G

AWESOME (even with the interest)!!!!!!! I can’t wait. I will let you know when I have everything. Thank you so much for your efficiency, friendliness and help. I really appreciate it.
Thanks so much for all your kind assistance rendered since the beginning of this year. I think out of all the financials I’ve dealt with during my time of financial hardship, I can boldly say that Yes Finance has been the only finance company who has dealt with me as a person and not just someone to abuse to pay more.

Nunia

Yes Finance Limited
2019-04-15T04:17:33+00:00

Nunia

Thanks so much for all your kind assistance rendered since the beginning of this year. I think out of all the financials I’ve dealt with during my time of financial hardship, I can boldly say that Yes Finance has been the only finance company who has dealt with me as a person and not just someone to abuse to pay more.
Just wanted to say thank you to yourself and please pass it on to Graeme and the rest of the team for helping us over the past few years – you have obviously been a great help for us and it has allowed us to get into a much better position.

Kris

Yes Finance Limited
2019-04-15T02:45:05+00:00

Kris

Just wanted to say thank you to yourself and please pass it on to Graeme and the rest of the team for helping us over the past few years – you have obviously been a great help for us and it has allowed us to get into a much better position.
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