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

Establishment Fee on Credit Sale Agreements for Consumer Goods through approved Retailers$99.00Fee 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 Motor Vehicles through approved Retailers$280.00Fee charged for a single borrower covering the process of getting the application, assessing the application, direct costs incurred in support of the application, research of security value, processing, auditing, pay-out, and making the loan active.
Establishment Fee on Credit Agreements for Unsecured Personal Loans$200.00Fee 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$240.00Fee 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$50.00Extra 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$50.00Additional 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$23.00Includes searches on up to 2 borrowers registration of Financing Statements Charged during creation of Agreement.
Statement Fee$5.00Charged when Continuing Disclosure Statement is sent during the term of the Agreement.
Account Fee$5.00Monthly 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 chargeFee 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$50.00Additional 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)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
PPSR$23.00Includes searches on up to 2 borrowers registration of Financing Statements Charged during creation of Agreement.
Account Fee$5.00Monthly 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$25.00Charged against the account for VIR search during maintenance of loan
Refund Fee$10.00Process fee for accounts that are overpaid or prepaid and refund is requested.
Contact feesCharged against the account when contacting clients in default charged per contact.
Telephone Call Fee$2.50
SMS Fee$1.00
Email Fee$2.50
Dishonour Fee$25.00Charged against the account when a payment is dishonoured Includes the Letter (D)
Default Interest Rate10%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 FeesFees 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.
Collection Agency FeesOn ChargeFees charged to YFL are on charged at cost from agents appointed by YFL for services involved collection of default.
Storage CostsGoods 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 FeesOn ChargeFees 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$40.00Fee Charged for appointment made valuation outside of Office (South Auckland Region- 30 MIN RETURN TRIP),Outside Area – Mileage $2.00 per Km
Settlement FeeSettlement 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.
Personal Loan$50-100.00
Business Loan$300.00
Valuation Fees$50.00Fee 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$25.00Fee charged when client is reported GNA or mail returned includes Veda Advantage Checks and Motor Checks fees
Loan Variation Fees
Schedule Change Fee$25.00Charged 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. (+)
Copy of Loan Agreement$5.00Fee 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 $100.00Fee charged for administration of any loan repayments made at YFL offices plus cash deposit fees.
Veda Monitoring Hit$7.00Fee charged where monitoring has been set up on a GNA client, includes Agency cost and YFL costs for a new address notification.

 
I would like to thank you for help with my loan application. My husband & I appreciate your hardwork and dedication towards sealing the deal on Monday despite the cut off time you still managed to pull it through!

Nikita H

Yes Finance Limited
2019-04-15T04:20:47+00:00

Nikita H

I would like to thank you for help with my loan application. My husband & I appreciate your hardwork and dedication towards sealing the deal on Monday despite the cut off time you still managed to pull it through!
Thanks for sending through the paper work – I received it yesterday. I also wanted to thank you for the great customer service you provided, and also the Events Cinema card (awesome!). If only more companies offered such great service!

De Wet

Yes Finance Limited
2019-04-15T04:18:31+00:00

De Wet

Thanks for sending through the paper work – I received it yesterday. I also wanted to thank you for the great customer service you provided, and also the Events Cinema card (awesome!). If only more companies offered such great service!
Janice is an awesome and understanding person and Yes Finance is lucky to have her as part of the team. When she has rung me in regards to my account she didn’t come across negative or made me feel like I have added stress to my life. She is always willing to help and come to a reasonable conclusion or an outcome that works for my situation and understands the things people go through in life. She is positive and am happy to have dealings with her in regards to my account 😊

Thanks, Jade M

Yes Finance Limited
2021-03-18T21:13:05+00:00

Thanks, Jade M

Janice is an awesome and understanding person and Yes Finance is lucky to have her as part of the team. When she has rung me in regards to my account she didn’t come across negative or made me feel like I have added stress to my life. She is always willing to help and come to a reasonable conclusion or an outcome that works for my situation and understands the things people go through in life. She is positive and am happy to have dealings with her in regards to my account 😊
Hi Tracey, you have been an amazing person to deal with. Always looked after me since the very start of my dealings with Yes Finance. Never ever had an issue with your service. Over the ph, your tone was kind, your customer service is excellent (and I would know being a Govt. Dept. Customer Service Manager previously) You are knowledgeable n very informative and at the same time transparent which also shows you know what you're talking about, you give correct information & you are able to have those tough conversations with me ... and to be honest.. its always done with the kindest tone (thank u! :D) Everytime I ring I usually ask for you, becos its not always the same experience then when I'm dealing with you. The tone always sets the flow of the convo.
I hope u all the best in everything you doing. Bless you!

Emelda

Yes Finance Limited
2022-01-14T00:57:52+00:00

Emelda

You have been an amazing person to deal with, knowledgeable n very informative and at the same time transparent.
They are amazing to deal with very Polite friendly helpful.
Fully reccomend them to anyone looking for a loan of any sort. Extremely quick also

Christine J

Yes Finance Limited
2019-05-09T22:27:30+00:00

Christine J

They are amazing to deal with very Polite friendly helpful. Fully reccomend them to anyone looking for a loan of any sort. Extremely quick also
Awesome! Thanks again for being patient with me.
You made this process so easy for me and highly recommend your services!

Talia P

Yes Finance Limited
2019-10-16T21:21:49+00:00

Talia P

Awesome! Thanks again for being patient with me. You made this process so easy for me and highly recommend your services!
Hi Anji
Thank you for the excellent service!!!

Timothy M

Yes Finance Limited
2019-10-17T20:51:24+00:00

Timothy M

Hi Anji Thank you for the excellent service!!!
Just a short note to acknowledge receipt of payment, and to thank you for your top service.

Peter Smith

Yes Finance Limited
2019-04-15T02:43:39+00:00

Peter Smith

Just a short note to acknowledge receipt of payment, and to thank you for your top service.
You advertised a great deal on the radio and promised great service and I received all of the above. Your team are true professionals!

C Walsh - Hamilton

Yes Finance Limited
2019-04-15T04:16:19+00:00

C Walsh - Hamilton

You advertised a great deal on the radio and promised great service and I received all of the above. Your team are true professionals!
I would give 100/100 to Yes Finance. Really helped me out. Fast and efficient. Thanks alot Ajeshni for your continuous help really appreciate your hard work and effort. Highly recommend others to use YES FINANCE.

Zaliya M

Yes Finance Limited
2019-05-09T22:30:22+00:00

Zaliya M

I would give 100/100 to Yes Finance. Really helped me out. Fast and efficient. Thanks alot Ajeshni for your continuous help really appreciate your hard work and effort. Highly recommend others to use YES FINANCE.
I have been with Yes Finance for like 11 years and every time i need a car travel and extra Y/F has helped me 100%. I love being Y/F client. wouldn't have any other way

Shylo D

Yes Finance Limited
2019-05-09T22:29:05+00:00

Shylo D

I have been with Yes Finance for like 11 years and every time i need a car travel and extra Y/F has helped me 100%. I love being Y/F client. wouldn't have any other way
AWESOME (even with the interest)!!!!!!! I can’t wait. I will let you know when I have everything. Thank you so much for your efficiency, friendliness and help. I really appreciate it.

Karyn G

Yes Finance Limited
2019-04-15T04:19:31+00:00

Karyn G

AWESOME (even with the interest)!!!!!!! I can’t wait. I will let you know when I have everything. Thank you so much for your efficiency, friendliness and help. I really appreciate it.
Painless process. Excellent service and very, very, quick turnaround from a query to approval. Thank you so much!

Barbara P

Yes Finance Limited
2019-10-22T00:40:15+00:00

Barbara P

Painless process. Excellent service and very, very, quick turnaround from a query to approval. Thank you so much!
Hi Kendall
Omg!! Thank you so much!! You are truely amazing and the 1st ever financial company who took the time to go thru thoroughly with all my financial situation and looked at full picture! Yes..i accept the quote provided and will send through documents needed! Thank you so much! God bless!

Kind regards
Serah

Yes Finance Limited
2021-02-08T21:52:15+00:00

Kind regards
Serah

Hi Kendall Omg!! Thank you so much!! You are truely amazing and the 1st ever financial company who took the time to go thru thoroughly with all my financial situation and looked at full picture! Yes..i accept the quote provided and will send through documents needed! Thank you so much! God bless!
Please disregard my previous review, just wanted to say thank you to the Manukau branch manager and team for calling me back, had a talk, appreciate your help & honesty. Had problem with an account before now its all sorted, I really appreciated it 🙂 .He explained everything and apologies to me now I am happy with the outcome 🙂 . Building connection with customers is important to any company out there get to know them and understand their situations. . .Thank you to Yes and team esp their manager for your understanding and support. . . . God bless

Lesu

Yes Finance Limited
2019-12-02T23:12:01+00:00

Lesu

Please disregard my previous review, just wanted to say thank you to the Manukau branch manager and team for calling me back, had a talk, appreciate your help & honesty. Had problem with an account before now its all sorted, I really appreciated it 🙂 .He explained everything and apologies to me now I am happy with the outcome 🙂 . Building connection with customers is important to any company out there get to know them and understand their situations. . .Thank you to Yes and team esp their manager for your understanding and support. . . . God bless
Thanks so much for all your kind assistance rendered since the beginning of this year. I think out of all the financials I’ve dealt with during my time of financial hardship, I can boldly say that Yes Finance has been the only finance company who has dealt with me as a person and not just someone to abuse to pay more.

Nunia

Yes Finance Limited
2019-04-15T04:17:33+00:00

Nunia

Thanks so much for all your kind assistance rendered since the beginning of this year. I think out of all the financials I’ve dealt with during my time of financial hardship, I can boldly say that Yes Finance has been the only finance company who has dealt with me as a person and not just someone to abuse to pay more.
Would definitely recommend these guys yes finance very good customer services well mannered and supportive only a couple of days and loan is approved like #BANG if it wasnt for yes finance I wouldn't of had a better xmas thank you Yes Finance

Shan M

Yes Finance Limited
2019-05-09T22:31:30+00:00

Shan M

Would definitely recommend these guys yes finance very good customer services well mannered and supportive only a couple of days and loan is approved like #BANG if it wasnt for yes finance I wouldn't of had a better xmas thank you Yes Finance
I would like to thank you Toni for your support and understanding when my family had a change of circumstances hehehe well more than once.It has been fantastic service for the time that the car was on finance thank you again.

Kohu T

Yes Finance Limited
2019-04-15T03:50:32+00:00

Kohu T

I would like to thank you Toni for your support and understanding when my family had a change of circumstances hehehe well more than once.It has been fantastic service for the time that the car was on finance thank you again.
Just wanted to say thank you to yourself and please pass it on to Graeme and the rest of the team for helping us over the past few years – you have obviously been a great help for us and it has allowed us to get into a much better position.

Kris

Yes Finance Limited
2019-04-15T02:45:05+00:00

Kris

Just wanted to say thank you to yourself and please pass it on to Graeme and the rest of the team for helping us over the past few years – you have obviously been a great help for us and it has allowed us to get into a much better position.
Awesome customer service - treated as a human being not a number

Diana C

Yes Finance Limited
2019-10-22T00:43:49+00:00

Diana C

Awesome customer service - treated as a human being not a number
Awesome company amazing fast service. I’ll like to thank you so much Shweta Kashyap for your awesome service you helped me out so much and I can’t thank you enough!!
You went above and beyond for me!!! I highly recommend yes finance.

Tina T

Yes Finance Limited
2019-05-09T22:25:38+00:00

Tina T

Awesome company amazing fast service. I’ll like to thank you so much Shweta Kashyap for your awesome service you helped me out so much and I can’t thank you enough!! You went above and beyond for me!!! I highly recommend yes finance.
I am a customer of Yes Finance. I can't stress how absolutely grateful I am to Tracey who has been dealing with my account. I had recently gone through some really tough heartbreaking stuff lately and Tracey went way above and beyond any expectations I could imagine. Wether she realizes I or not I had actually come so close to giving up but she kept in constant contact and I just can't find the words that are meaningful enough to express how much her Customer Service meant to me during the hard times. I highly highly recommend Tracey for her superior service. It's nice to know we aren't just an account payer.

Gail T

Yes Finance Limited
2021-07-15T23:27:39+00:00

Gail T

I am a customer of Yes Finance. I can't stress how absolutely grateful I am to Tracey who has been dealing with my account. I had recently gone through some really tough heartbreaking stuff lately and Tracey went way above and beyond any expectations I could imagine. Wether she realizes I or not I had actually come so close to giving up but she kept in constant contact and I just can't find the words that are meaningful enough to express how much her Customer Service meant to me during the hard times. I highly highly recommend Tracey for her superior service. It's nice to know we aren't just an account payer.
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