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. |
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