Unlike other finance companies or banks, Geneva does not have a flat rate for fees. We have a minimal number of fees to cover administration costs associated with your loan, and we only charge for services you are using. As everybody’s loan is different, everybody’s fees are different too. All the fees you are required to pay are worked out and included in the loan offer we provide you after your loan enquiry. This means there are no surprises or hidden costs, and we are upfront with you from the beginning about the structure of our loans.

Only a handful of standard fees apply to all loans.

Loan Establishment:
This is a one-off fee that relates to Geneva’s cost of the receiving and processing an application and the acceptance and establishment of the loan. Instead of a flat fee, like most finance companies, Geneva varies this rate depending on the reason for the loan, e.g. refinancing of an existing loan starts from $50. A new loan application has a fee of up to $345.

Loan Administration:
This fee relates to the cost for maintaining the servicing of the loan. The cost is $2 per week. This charge may be added to your loan on a weekly ($2), fortnightly ($4) or monthly ($8) basis, to match your preferred payment frequency.

Cost Recoveries:

These fees are a direct recovery of 3^rd party costs (e.g. cost of registering our security interest with the PPSR on any security used against a loan as collateral) and other 3^rd party fees associated with the establishment of the loan (e.g. for Credit Checks, Vehicle Checks, Identity Verification Checks). The total cost recovery will typically be less than $35 and will comprise only the actual costs incurred by Geneva in setting up your loan.

Additional fees that can be charged to your loan:

When your loan is referred to Geneva by An Introducer.

If your loan is referred to Geneva by an introducer (e.g. A Broker or Car Dealer) you may be charged a referral fee. Geneva limits this fee to a maximum of $750, however, it can be less, under negotiation between yourself and the introducer. Geneva pays this fee directly to the introducer and it is added to your loan. It is also disclosed on the loan which you sign. If you deal directly with Geneva then there is no referral fee.

When you request modifications to your loan agreement.

These fees apply where you varying your loan e.g. Changing a security, repaying the loan early. These fees are set out in detail in the PDF attachment referred to below.

 Collection Fees are only payable If you fall behind in your loan repayments.

If you are having trouble making your loan repayments ring our collections team on:

0800-700-750

We will work with you to minimise your costs. These fees are set out in detail in the PDF attachment referred to below.

Click here for a full schedule of our fees

Unlike most other finance companies, we allow our customers to make bulk payments against their loan without penalising you. If our customers want to pay off a big lump of their loan in one go, or even the whole thing at once we gladly let them! No hidden fees or extra costs, just us being flexible to help you.

• If you are securing your loan with a motor vehicle you need the vehicle’s registration number
• Email Address
• Be aware of what your weekly income is
• Be aware of what your weekly housing costs are

Other than that it’s all personal information you will be able to remember off the top of your head.

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