CALL 03-548-9932

Fico Finance Fee Structure - Regulated Loans

Establishment Fees

Vehicle Loan
$395.00
This is one client and one vehicle.
Property Loan
$695.00
This is for one client and one property.
Other Security Loan
$395.00
This is one client and one other security item.
Each Extra Person on the loan
$95.00
Each Extra Vehicle on the loan
$60.00
Each Extra Property on the loan
$195.00

Other Establishment Costs

Legal Fees
These are the costs associated with preparing securities and registering a mortgage(s), caveats GSA and taking them off again once the loan ends. This cost varies depending on the lawyer used and how complex the situation is.
Monthly Admin Fee
$9.36
Your loan will incur a monthly admin fee until the loan ends.
Early Settlement Admin Fee
$50.00
If you settle your loan early then this fee is charged.

Default Fees

Phone Fee
$10.00
If you miss a payment and we have to ring you to inform you that you have missed the payment this fee can be charged.
Reminder Letter
$20.00
If you miss a payment and we have tried to inform you by phone and the loan is still in arrears this fee for sending out a reminder letter can be charged.
Repossession Warning Letter
$20.00
If you have missed payments and not made them up and the loan is still in arrears this fee for sending out a repossession warning letter can be charged.
Repossession Authority
$20.00
If your security is to be repossessed then this fee is charged.
Payment Dishonour Fee
$20.00
If your payment is dishonoured this fee is charged.
Default Interest
15%
If your loan is in arrears then this extra percentage will be charged on the overdue portion of the loan until the arrears are paid.

Interest Rates

Vehicle Loans
15.95% - 19.95%
Property Loans
10.95% - 16.95%
Other Loans
13.95% - 19.95%

Note - If your loan is in the name of a company or a Trust or you are loaning the money for business purposes then these loans are classed as business loans and sits outside the Credit Contracts and Consumer Finance Act 2003 (CCCF Act)




Download Fico Personal Loan Application PDF here