Loan/Variation Establishment and Documentation Fees
Loan Establishment Fee $485
A fee of up to $485 is charged for processing a loan application including taking the application, approval and acceptance. This fee is added to the contract when the loan is drawn down.
Refinance Establishment Fee $385
A fee of up to $385 is charged for processing an application to re-finance (including top up) the current loan contract including taking the application, approval and acceptance. This fee is added to the contract when the re-finance is effected.
Variation fee $155
A fee of up to $155 is charged when we process and document any changes you request to your current loan. This may include changing your repayment amounts and loan term.
Variation fee $175 – Security Swap
A fee of up to $175 is charged if we agree to release our security interest in the goods secured as per your current loan and substitute it with a security interest over other goods.
Caveat Fee $248.40
When a caveat is registered over a property, caveat registration and release costs will be charged to the loan. This is a third party cost oncharged to the loan account when the loan is drawn down.
Third Party Fees
Some of these fees may be charged depending on your loan type. These are the cost of fees that are on charged for checks undertaken to provide you with a loan.
| Third Party Fee Description | Current Fee | Supplier |
|---|---|---|
| PPSR Search | $1.15 | MED |
| PPSR Debtor Search | $2.30 | MED |
| PPSR Registration Plate Search | $2.30 | MED |
| PPSR Registration | $8.05 | MED |
| Credit Check Consumer | $8.17 | Equifax |
| Credit Check Commercial | $25.76 | Equifax |
| Identification Check | $13.00 | APLYiD |
| Identity Check (if required) | $2.65 | Equifax |
| Passport Check (if required) | $2.19 | Equifax |
| Driver Check (if required) | $2.99 | Motorweb |
| Car Registration Check | $0.40 | Motorweb |
| Asset Check | $10.29 | Dealerzone |
| Bank Statement Report | $2.02 | Illion |
Loan Account Maintenance Fees
Monthly Facility Fee $5
A fee of $5 will be charged per month as long as the account balance is in debit to cover the administrative costs of keeping the loan account active.
Early Termination Fee $33
A fee of $33 will be charged to the loan account if the loan is settled in full before the final payment is due to cover the processing of the early settlement request, receipting the funds and closing the loan account.
Statement Fee $20
A fee of $20 will be charged to the loan account when an additional statement is requested and supplied (outside of the six monthly statements).
Default Fees
Dishonour Fee $12
A fee of $12 will be charged to the loan account if any scheduled payment is made late after the due date or is reversed or is not made.
Reminder Letter $20
A fee of $20 will be charged to the loan account whenever a notice is sent when the loan account has been in arrears five (5) days or more.
Repossession Warning Notice Fee $27
A fee of $27 will be charged to the loan account whenever a notice is sent advising of the intention to seize consumer goods that are security for the loan.
Repossession Fee (Day 31) $79
A fee of $79 will be charged to the loan account whenever the loan account enters the stage of Repossession.
Repossession Warrant Fee $258
A fee of $258 will be charged to the loan account when it is necessary to issue a Repossession Warrant.
Post Possession Notice Fee $91
A fee of $91 will be charged to the loan account whenever a notice is sent following the seizure of consumer goods that are used as security on the loan.
Post Possession Fee (Court Seized Vehicle) $124
A fee of up to $124 is charged if we are advised of your vehicle being seized by the Courts and we are advised by Courts to recover security.
Notice of Intent to Dispose Fee $176
A fee of $176 will be charged to the loan account whenever a notice is issued to advise intent to dispose of the goods that have been seized.
Statement of Account After Sale Fee $138
A fee of $138 will be charged to the loan account when a Statement of Account After Sale is issued following the sale of the consumer goods that have been sold.
Recovery Costs
Costs incurred by a third party (eg. Repossession Agent, Legal Provider, Repairer) will be charged to the loan account for the amount invoiced by the third party. Copies of such invoices are available upon request.
These fees and charges (current at 1st May 2025) apply to consumer contracts with Future Finance Limited.
Recent Fee Schedule changes can be viewed here