Yes Finance Personal Standard Administration Fees and Charges
Effective 16th September 2022
Establishment Fee on Credit Sale Agreements for Consumer Goods through approved Retailers
$99.00
Fee charged for a single borrower covering the process of getting the application, assessing the application, direct costs incurred in support of the application, the processing, auditing, pay-out, and making the loan active.
Establishment Fee on Credit Sale Agreements for Consumer Goods through approved Retailers
$99.00
Fee charged for a single borrower covering the process of getting the application, assessing the application, direct costs incurred in support of the application, the processing, auditing, pay-out, and making the loan active.
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.
Documentation Fee (Law Society)
General Security Agreements
Term Loan
Personal Guarantees
$250.00
$200.00
$150.00
Charged to cover producing and costs of Law Society paperwork, if used to secure loans, when produced by YFL Staff.
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.
Contact fees
Telephone Call Fee
SMS Fee
Email Fee
$2.50
$1.00
$2.50
Charged against the account when contacting clients in default charged per contact.
Default Letter Fees
R1-Reminder
R2- Reminder
Part Payment Reminder
Repossession Warning Notice
Part Payment Pre possession
Repossession Authority (RA)
Re- Issue Updated RA
Post Repossession Authority
Statement After Sale (SAS)
Letter of Demand – Personal
Letter of Demand – Company
+ is defined as plus third party costs of service and lawyers costs if any.
$25.00
$0.00
$5.00
$3.50
$15.00
$2.00
$100.00
$20.00
$15.00
$20.00
$15.00 +
$45.00 +
Fees charged against the account on various letters when produced and sent to debtor.
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.
Repossession Fees
On Charge
Fees 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
$40.00
Fee Charged for appointment made valuation outside of Office (South Auckland Region- 30 MIN RETURN TRIP),Outside Area – Mileage $2.00 per Km
Settlement Fee
Personal Loan
Business Loan
$50-100.00
$300.00
Settlement requests and processes involved in closing of loan if loan is not settled through normal repayments set out in the repayment schedule. This is the Administration fee and does not include any financial loss due to drop in interest rates that may apply if settled early.
Valuation Fees
$25.00
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
Loan Variation Fees
Schedule Change Fee
All other loan Variations
$25.00
100.00+
Charged when client wishes to vary the Agreement payment day or frequency
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
$5.00
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.