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. |
Interest Rates
Yes Finance interest rates vary from 14.95% p.a. to 29.9% p.a., and the actual rate charged will depend on many factors including the amount of lending, the term of the loan, size of deposit, customer credit history and risk profile.
Term of the loan
Yes Finance loans are generally on terms from one to three years. We will work with you to set a term that suits you and your budget.
Fees
An establishment fee of $240 for secure personal loan, $200 for unsecured personal loan, plus $50 for each additional borrower is charged for processing the application.
For more detail on fees visit our Standard Administration Fees and Charges