Standard fees and charges

Credit Fees.


Establishment Fee.

This fee covers the cost of processing, assessing and approving your finance application. It will only be charged if your finance application is approved.

Dealer Fee.

Up to $500.00
This fee covers the cost to the Dealer of preparing and processing your application for finance.


This is the cost to us of searching and registering a security interest on the Personal Property Security Register.


$4.00 Per Month
This fee will be charged to align with the frequency of your loan repayments and covers the cost of keeping your loan active.


Variation Fees.


Variation of contract.

Charged when a variation, assignment or an unscheduled part of prepayment is completed. This fee is payable at the time UDC consents to the variation, assignment or part pre-payment.

Early settlement.

$15.00 plus a variable amount
If you repay your loan in full before the final payment, then two different fees are charge:
• A fixed fee to cover the cost of settling your loan.
• A variable fee to cover any loss derived from breaking the funding associate with your loan.
Ask us for more information on early repayment fees.


Collections Fees.


Default interest charge.

5% p.a plus the annual interest rate stipulate in your contract.
Default interest is calculated at the rate of 5% per annum plus the annual interest rate referred to in your contract. If you fail to make any payment on the due date default interest is payable on the overdue amount from the due date until the date UDC received full payment of that overdue amount.

Dishonour Fee.

Charged when a scheduled loan payment is dishonoured by you bank or when an automatic payment fails. The fee is payable and will be debited to your account at the time the relevant payment was due.

Late payment fee.

Charged when a schooled loan payment is not made on time and remains unpaid for seven days, the fee is payable and will be debited to your account at the time the relevant payment was due.

Repossession action fee.

Payable in the event UDC commences repossession of the asset(s) taken as security. This fee will be debited to your account at the time repossession action is commenced.

Post repossession fee.

This fee is payable and will be debited to your account after realisation of the assets or abandonment of realisation.


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