Rates & Fees*

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

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.

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

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

If you repay your loan in full before the final payment, then two different fees are charged:
- A fixed administration fee to cover the cost of settling your loan.
- A variable fee to cover any loss derived from breaking the funding associated with your loan.
To find out more information on early repayment fees, please refer to the following fact sheet.

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 receives full payment of that overdue amount.

Charged when a scheduled loan payment is dishonoured by your 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.

Charged when a scheduled loan payment is not made on time and remains unpaid for seven days. The fee is payable and will be debited to your account seven days after the due date for payment.

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.

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