Yes Finance Personal Standard Administration Fees and Charges
Effective 16th September 2022
| ||||||||
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. |
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