| Establishment Fee on Credit Sale Agreements through approved Retailers | | Fee Charged for processing application and Documents based on time and cost basis, includes Credit Agency searches. | | Consumer Goods | $99.00 | One borrower | | $50.00 per person | Additional Fee Charged if Digitally signed by Yes Finance Staff (e.g. 2 borrowers will cost $100.00) |
| | Motor Vehicle Agreement | $400.00 | Fee Charged for processing application, Follow-ups, research of security value, includes Credit Agency searches for up to 2 borrowers | | $100.00 | Additional Fee Charged if Digitally signed by Yes Finance Staff |
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| Establishment Fee Credit Agreement Personal loans to Natural persons (PL) | $350.00 | Fee Charged for processing application, interview, research of security value and signing of agreement, includes Credit Agency searches for up to 2 borrowers |
| Establishment Fee Motor Vehicle Agreement (PL) | $400.00 | Fee Charged for processing application, Follow-ups, research of security value, includes Credit Agency searches for up to 2 borrowers |
| Establishment Fee Commercial Lending (BL) | $500.00 minimum charge | Fee Charged for processing application, Follow-ups, research of security value, and evaluation of Financials. Charge is based on time basis dependant on the complexity, Identity and structure of the bowers and Guarantors of the borrowers and includes Credit Agency searches. |
| Documentation Fee (Law Society) | | Charged to cover producing and costs of Law Society paperwork, if used to secure loans, when produced by YFL Staff. | | General Security Agreements | $250.00 | | | Term Loan | $200.00 | | | Personal Guarantees | $150.00 | |
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| VIR Search | $25.00 | Charged against the account for VIR search during maintenance of loan |
| PPSR | $23.00 | Includes searches on up to 2 borrowers registration of Financing Statements Charged during creation of Agreement. |
| Refund Fee | $10.00 | Process fee for accounts that are overpaid or prepaid and refund is requested. |
| Statement Fee | $5.00 | Charged when Continuing Disclosure Statement is sent during the term of the Agreement. |
| Phone call fee | $2.50 | Charged against the account for Toll and Cell Phone calls when contacting clients in default charged per call 1st call is free. |
| Dishonour Fee | $25.00 | Charged against the account when a payment is dishonoured Includes the Letter (D) |
| Account Fee | $5.00 | Monthly administration account fee charged against the account during the term of the loan. |
| 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 |
| Default Letter Fees | | Fees charged against the account on various letters when produced and sent to debtor. | | R1-Reminder | $0.00 | | | R2- Reminder | $5.00 | | | Part Payment Reminder | $3.50 | | | Repossession Warning Notice | $15.00 | | | Part Payment Pre possession | $2.00 | | | Repossession Authority (RA) | $100.00 | | | Re- Issue Updated RA | $20.00 | | | Post Repossession Authority | $15.00 | | | Statement After Sale (SAS) | $20.00 | | | Letter of Demand – Personal | $15.00 + | | | Letter of Demand – Company | $45.00 + | | | + is defined as plus third party costs of service and lawyers costs if any. |
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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. |
| 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 |
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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 |
| Settlement Fee | | Settlement requests and processes involved in closing of loan if loan settled early. This is the Administration fee and does not include any financial loss due to drop in interest rates that may apply. | | Personal Loan | $50-100.00 | | Business Loan | $300.00 |
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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 |
| Loan Variation Fees | | | | Schedule Change Fee | $25.00 | Charged when client wishes to vary the Agreement payment day or frequency | | All other loan Variations | $100.00+ | 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. (+) |
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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 | $2.00 | Fee charged for administration of any loan repayments made at YFL offices. |
| 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. |
