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Services

Hire Purchase (or Conditional Purchase Agreement)

Features

  • Simple way of financing a new asset
  • Terms from 12-84 months
  • No requirement for bank approval
  • Security is over the asset being purchased
  • Fixed interest rate
  • Low documentation fee
  • Low and no deposit available
  • Repayments tailored to suit client circumstances

Benefits

  • Allows you to use cash more productively in other areas of your business
  • Allows you to maintain your existing banking lines
  • Builds equity in the asset
  • Fixed monthly payment simplifies budgeting
  • Allows you to sell asset without having to re-document other facilities
  • No costly legal fees required

Finance Lease (or Lease to Own)

– lease agreement against a single asset with a known residual from Day 1

Features

  • Terms from 12-84 months
  • Security is solely against the asset being leased
  • Varying residual values available resulting in reduced monthly payments
  • GST neutral – paid and claimed monthly
  • For new or used assets
  • Often used when acquiring non core assets

Benefits

  • New line of credit – preserves existing banking facilities
  • Residual value can more truly reflect assets useful life
  • Structure can match income to payments
  • No unexpected GST surprise in month 3
  • Can be tax efficient

Operating Lease

– use of an asset over an agreed term for a fixed monthly payment

Features

  • Tax operating
  • Can be off the balance sheet
  • Fixed operating cost
  • For new and used assets
  • Often used when acquiring non core assets

Benefits

  • Reduces risks associated with ownership
  • Less administration
  • Maintains existing banking facilities
  • No impact on the balance sheet
  • Reduces risk of ownership
  • No impact on capital expenditure budgets

Term Loans

– a loan secured against existing or newly acquired assets

Features

  • Terms of 12-84 months
  • Fixed term, fixed interest rate
  • Repayments structured to meet your cash flow
  • Often used when financing non core assets

Benefits

  • A new line of funding separate from your banking facilities
  • The fixed interest rate and fixed term provide certainty for outgoings/cash flow
  • Allows you to use the money more productively elsewhere in the business
  • Useful when importing fixed assets

Working Capital

– a loan secured against existing plant/equipment/motor vehicles to enable funds to be used elsewhere in the business

Features

  • Terms of 12-84 months
  • Fixed term, fixed interest rate
  • Fixed monthly repayments

Benefits

  • Frees up cash tied up in your assets for more productive use elsewhere
  • Allows you to maintain existing banking lines
  • Can provide for better terms of trade with suppliers

Interest Rates & Fees - Commercial

Interest Rates (Commercial)


– Interest rates are wholesale bank rates plus an extremely competitive margin. Deal Structure to match your cashflow are our specialities so please call to discuss.

  • how much you want to borrow
  • the term of your loan
  • your income
  • your other financial commitments
  • your credit history

To understand the rate that will apply to you please call 0800 727 101.

Fee Schedule (Commercial)


Establishment Fee 


 

Establishment Fee 

A fee of up to $375.00 (including a Dealer / Broker / intermediary fee of up to $150.00) is charged for the processing of a new loan application via an intermediary, including approval and acceptance and added to the contract when the loan is actually drawn. 

 

Direct Establishment Fee 

Charged for processing a Direct loan application, including approval and acceptance and added to the contract when the loan is actually drawn. 

$425.00 

Other Credit Fees 


 

PPSR 

Charged to the contract when drawn for registration of our security with the Personal Property Security Register. 

$10.00 

Refund 

Debited from the account when an overpayment is received and a refund is made to the client. 

$16.00 

Settlement 

Debited to an account when a loan is settled in full before its final payment date. 

$150.00 

Statement 

Debited to an account when an additional statement is requested and supplied (outside of the six monthly statement which is provided free of charge). 

$5.00 

Assignments 

Charged when assigning an Agreement from one purchaser/s and or guarantor’s name to another purchaser/s and or guarantor’s name. 

$425.00 

Caveat Fee 

For a loan and mortgage agreement we will register a caveat over the property, caveat registration and release cost will be charged to a loan to a maximum of $163 for each property. 

$163.00 

Mortgage Fee 

For any loan agreement where we will register a mortgage over a property, mortgage registration costs will be charged to a loan to a maximum of $401.50 for each property. 

$401.50 

Credit Card Transaction Fee 

Charged when a payment is made by Credit Card. (Payment amount + 3.50% merchant fee). 

3.50% 

Contract Variation 

Charged when the goods described in the Agreement are to be changed or the loan is to be restructured following an unscheduled part prepayment. 

$150.00 

Refinance 

Charged when we restructure an existing account to assist a customer who may be experiencing difficulty in maintaining the current payments or wishes to restructure the term. 

$425.00 

Default Fees 


 

Pre-Possession Notice 

Debited to a loan account when a pre-possession notice is issued. This is generally 12-15 days after a breach of terms (e.g. overdue instalment). 

$55.00 

Email/ facsimile/Telegram 

Debited to a loan account when a telegram is sent. Telegrams are generally sent after expiry of pre-possession notices when the Lender is having difficulty contacting customers, asking them to contact the creditor to avoid further “enforcement action”. 

$3.00 

Dishonoured payment 

Debited to a loan account in the event a payment tendered to an account is dishonoured by the customer’s bank. 

$5.00 

Issue of Repossession Warrant 

Debited to a loan account when it is necessary to issue a repossession warrant as a result of serious default (e.g. overdue instalments). This amount along with the arrears and any agent’s costs are due and payable immediately to avoid repossession. 

$75.00 

Repossession Fee 

Debited to a loan account after the Lender (or it’s agent) effects repossession of goods. 

$200.00 

Repossessed Vehicle Sales Fee

Debited to a loan account after we sell a repossessed motor vehicle via our Registered Motor Vehicle Trader outlet. 

$870.00 

Recovery Costs

Costs incurred by a third party (e.g. Repossession Agent, Legal Provider, Repairer) will be debited to a loan account for the invoiced amount. Copies of the invoice are available on request. 

 

Interest Rates & Fees - Consumer

Interest Rates (Consumer)


– Partners Finance interest rates range from 12.95% p.a. to 18.95% p.a. The rate charged will depend on your financial circumstances, taking into account:

  • how much you want to borrow
  • the term of your loan
  • your income
  • your other financial commitments
  • your credit history

To understand the rate that will apply to you please call 0800 727 101.

Fee Schedule (Consumer)


Establishment Fee 


 

Establishment Fee 

A fee of up to $375.00 (including a Dealer / Broker / intermediary fee of up to $150.00) is charged for the processing of a new loan application via an intermediary, including approval and acceptance and added to the contract when the loan is actually drawn. 

 

Direct Establishment Fee 

Charged for processing a Direct loan application, including approval and acceptance and added to the contract when the loan is actually drawn. 

$425.00 

Other Credit Fees 


 

PPSR 

Charged to the contract when drawn for registration of our security with the Personal Property Security Register. 

$10.00 

Refund 

Debited from the account when an overpayment is received and a refund is made to the client. 

$16.00 

Settlement 

Debited to an account when a loan is settled in full before its final payment date. 

$150.00 

Statement 

Debited to an account when an additional statement is requested and supplied (outside of the six monthly statement which is provided free of charge). 

$5.00 

Assignments 

Charged when assigning an Agreement from one purchaser/s and or guarantor’s name to another purchaser/s and or guarantor’s name. 

$425.00 

Caveat Fee 

For a loan and mortgage agreement we will register a caveat over the property, caveat registration and release cost will be charged to a loan to a maximum of $163 for each property. 

$163.00 

Mortgage Fee 

For any loan agreement where we will register a mortgage over a property, mortgage registration costs will be charged to a loan to a maximum of $401.50 for each property. 

$401.50 

Credit Card Transaction Fee 

Charged when a payment is made by Credit Card. (Payment amount + 3.50% merchant fee). 

3.50% 

Contract Variation 

Charged when the goods described in the Agreement are to be changed or the loan is to be restructured following an unscheduled part prepayment. 

$150.00 

Refinance 

Charged when we restructure an existing account to assist a customer who may be experiencing difficulty in maintaining the current payments or wishes to restructure the term. 

$425.00 

Default Fees 


 

Pre-Possession Notice 

Debited to a loan account when a pre-possession notice is issued. This is generally 12-15 days after a breach of terms (e.g. overdue instalment). 

$55.00 

Email/ facsimile/Telegram 

Debited to a loan account when a telegram is sent. Telegrams are generally sent after expiry of pre-possession notices when the Lender is having difficulty contacting customers, asking them to contact the creditor to avoid further “enforcement action”. 

$3.00 

Dishonoured payment 

Debited to a loan account in the event a payment tendered to an account is dishonoured by the customer’s bank. 

$5.00 

Issue of Repossession Warrant 

Debited to a loan account when it is necessary to issue a repossession warrant as a result of serious default (e.g. overdue instalments). This amount along with the arrears and any agent’s costs are due and payable immediately to avoid repossession. 

$75.00 

Repossession Fee 

Debited to a loan account after the Lender (or it’s agent) effects repossession of goods. 

$200.00 

Repossessed Vehicle Sales Fee

Debited to a loan account after we sell a repossessed motor vehicle via our Registered Motor Vehicle Trader outlet. 

$870.00 

Recovery Costs

Costs incurred by a third party (e.g. Repossession Agent, Legal Provider, Repairer) will be debited to a loan account for the invoiced amount. Copies of the invoice are available on request.