Yes Finance Standard Administration Fees and Charges
Effective 6th June 2015

Establishment Fee on Credit Sale Agreements through approved RetailersFee Charged for processing application and Documents based on time and cost basis, includes Credit Agency searches.
Consumer Goods$69.001 Borrower
$80.002 Borrowers (Joint Application)
$100.00Additional Fee Charged if Digitally signed by Yes Finance Staff

Motor Vehicle Agreement$400.00Fee Charged for processing application, Follow-ups, research of security value, includes Credit Agency searches for up to 2 borrowers
$100.00Additional Fee Charged if Digitally signed by Yes Finance Staff
Establishment Fee Credit Agreement Personal loans to Natural persons (PL)$350.00Fee 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)$400.00Fee 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-$2000.00Fee Charged for processing application, Follow-ups, research of security value, and evaluation of Financials 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
VIR Search$25.00Charged against the account for VIR search during maintenance of loan
PPSR$23.00Includes searches on up to 2 borrowers registration of Financing Statements Charged during creation of Agreement.
Refund Fee$10.00Process fee for accounts that are overpaid or prepaid and refund is requested.
Statement Fee$5.00Charged when Continuing Disclosure Statement is sent during the term of the Agreement.
Phone call fee$2.50Charged against the account for Toll and Cell Phone calls when contacting clients in default charged per call 1st call is free.
Dishonour Fee$25.00Charged against the account when a payment is dishonoured Includes the Letter (D)
Account Fee$5.00Monthly administration account fee charged against the account during the term of the loan.
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
Pre-Possession 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 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
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$2.00Fee charged for administration of any loan repayments made at YFL offices.
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.

Interest Rates

Yes Finance interest rates vary from 14.9% 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 $350 (for up to two borrowers) is charged for processing the application.
For more detail on fees visit our Standard Administration Fees and Charges

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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!
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!!!
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!
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!
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 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.
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
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.
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
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.
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.
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.
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.
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!
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 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
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 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!
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