Schedule of Fees DOCUMENTATION FEES Loan Establishment Fee $450.00 PPSR Registration & Compliance Fee $15.00 Credit and Licence Checks $35.00 Mortgage Establishment Fee Refer to individual loan agreement. Generally up to 2% of loan value. Charged on all property lending involving Mortgage or Caveat Registration Mortgage or Caveat registration $600.00 Debited to account when Metro Finance is required to instruct a solicitor to act on our behalf. Additional Advance Fee $80.00 Charged when funds are added to existing loan. ADMINISTRATION FEE Fee to cover the administration of a loan and processing payments. $15.16 p/month Charged either Monthly/Fortnightly/Weekly. SETTLEMENT & MODIFICATION FEES Pre-payment Fee $50.00 Mortgage or Caveat Withdrawal Fee $300.00 Debited to account when Metro Finance is required to instruct a solicitor to act on our behalf. Security Modification Fee $80.00 Charged when collateral is changed. Includes varying or discharging registration. DEFAULT AND COLLECTION FEES Dishonoured Payment Fee $10.00 Pre-Repossession Fee $80.00 Warrant to Repossess $100.00 Loan Extension Fee $80.00 Charged when loan balance exceeds maturity date Default Interest Rate 25% per annum Printed Statement of Account $15.00 Charged if client requests statement to be posted Arrears Management Fee $100 per hour Time management fee will be charged if any staff member spends time on administrating your account in default Recovery Costs Third party costs relating to your loan will be charged to the outstanding balance. (e.g. Repossession Agent, Property Valuations, Court Fees) CASH HANDLING FEE Cheque & cash handling fees relating to your loan will be charged to your TBA account INTEREST RATES Personal & Secured 16.95% - 19.75% Mortgage Finance 12.95% - 15.95% Default Interest Rate 25%
Schedule of Fees DOCUMENTATION FEES Loan Establishment Fee $450.00 PPSR Registration & Compliance Fee $15.00 Credit and Licence Checks $35.00 Mortgage Establishment Fee Charged on all property lending involving Mortgage or Caveat Registration Refer to individual loan agreement. Generally up to 2% of loan value. Mortgage or Caveat registration Debited to account when Metro Finance is required to instruct a solicitor to act on our behalf. $600.00 Additional Advance Fee Charged when funds are added to existing loan. $80.00 ADMINISTRATION FEE Fee to cover the administration of a loan and processing payments. Charged either Monthly/Fortnightly/Weekly. $15.16 p/month SETTLEMENT & MODIFICATION FEES Pre-payment Fee $50.00 Mortgage or Caveat Withdrawal Fee Debited to account when Metro Finance is required to instruct a solicitor to act on our behalf. $300.00 Security Modification Fee Charged when collateral is changed. Includes varying or discharging registration. $80.00 DEFAULT AND COLLECTION FEES Dishonoured Payment Fee $10.00 Pre-Repossession Fee $80.00 Warrant to Repossess $100.00 Loan Extension Fee Charged when loan balance exceeds maturity date $80.00 Default Interest Rate 25% per annum Printed Statement of Account Charged if client requests statement to be posted $15.00 Arrears Management Fee Time management fee will be charged if any staff member spends time on administrating your account in default $100 per hour Recovery Costs Third party costs relating to your loan will be charged to the outstanding balance. (e.g. Repossession Agent, Property Valuations, Court Fees) CASH HANDLING FEE Cheque & cash handling fees relating to your loan will be charged to your account TBA INTEREST RATES Personal & Secured 16.95% - 19.75% Mortgage Finance 12.95% - 15.95% Default Interest Rate 25%
Schedule-of-Fees-updated-16022018.docx