Yes Finance Personal Standard Administration Fees and Charges
Effective 16th September 2022
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| Establishment Fee on Credit Agreements for Unsecured Personal Loans | $200.00 | Fee charged for a single borrower covering the process of getting the application, assessing the application, direct costs incurred in support of the application, Interview and communication with the borrower, processing, auditing, pay-out, and making the loan active. | ||||||
| Establishment Fee on Credit Agreements for Secured Personal Loans | $240.00 | Fee charged for a single borrower covering the process of getting the application, assessing the application, direct costs incurred in support of the application, Interview and communication with the borrower, research of security value, processing, auditing, pay-out, and making the loan active. | ||||||
| Additional Borrowers or Guarantors | $50.00 | Extra charge for the extra time, direct costs, and processing of an additional borrower or guarantor on all loan types. Added to the establishment fee for every extra person. | ||||||
| Secured Signing Fee | $50.00 | Additional Fee charged per borrower covering the process and execution of documentation digitally by YFL staff. Creating, uploading, interacting with the customer, and post-signing processing. | ||||||
| PPSR | $23.00 | Includes searches on up to 2 borrowers registration of Financing Statements Charged during creation of Agreement. | ||||||
| Statement Fee | $5.00 | Charged when Continuing Disclosure Statement is sent during the term of the Agreement. | ||||||
| Account Fee | $5.00 | Monthly administration account fee charged against the account during the term of the loan. | ||||||
Yes Finance Business Standard Administration Fees and Charges
Effective 16th September 2022
| Establishment Fee Commercial Lending (BL) | $500.00 minimum charge | Fee Charged for processing an application, Follow-ups, research of security value, and evaluation of Financials. The charge is time-based depending on the complexity, Identity, and structure of the bowers and Guarantors of the borrowers and includes Credit Agency searches. | ||||||||||||
| Secured Signing Fee | $50.00 | Additional Fee charged per borrower covering the process and execution of documentation digitally by YFL staff. Creating, uploading, interacting with the customer, and post-signing processing. | ||||||||||||
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| PPSR | $23.00 | Includes searches on up to 2 borrowers registration of Financing Statements Charged during creation of Agreement. | ||||||||||||
| Account Fee | $5.00 | Monthly administration account fee charged against the account during the term of the loan. | ||||||||||||
Yes Finance Other Standard Administration Fees and Charges
Effective 16th September 2022
| VIR Search | $25.00 | Charged against the account for VIR search during maintenance of loan | |||||||||||||||||||||||||||||||||||||||
| Refund Fee | $10.00 | Process fee for accounts that are overpaid or prepaid and refund is requested. | |||||||||||||||||||||||||||||||||||||||
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| Dishonour Fee | $25.00 | Charged against the account when a payment is dishonoured Includes the Letter (D) | |||||||||||||||||||||||||||||||||||||||
| Default Interest Rate | 10% | 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 | |||||||||||||||||||||||||||||||||||||||
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| Collection Agency Fees | On Charge | Fees charged to YFL are on charged at cost from agents appointed by YFL for services involved collection of default. | |||||||||||||||||||||||||||||||||||||||
| Storage Costs | Goods 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. | ||||||||||||||||||||||||||||||||||||||||
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| Collections YFL staff visit Fees | $40.00 | Fee Charged for appointment made valuation outside of Office (South Auckland Region- 30 MIN RETURN TRIP),Outside Area – Mileage $2.00 per Km | |||||||||||||||||||||||||||||||||||||||
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| Valuation Fees | $50.00 | Fee 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 | $25.00 | Fee charged when client is reported GNA or mail returned includes Veda Advantage Checks and Motor Checks fees | |||||||||||||||||||||||||||||||||||||||
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| Copy of Loan Agreement | $5.00 | Fee 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 | $25.00 + $0.50 per $100.00 | Fee charged for administration of any loan repayments made at YFL offices plus cash deposit fees. | |||||||||||||||||||||||||||||||||||||||
| Veda Monitoring Hit | $7.00 | Fee charged where monitoring has been set up on a GNA client, includes Agency cost and YFL costs for a new address notification. | |||||||||||||||||||||||||||||||||||||||
