Loan Establishment Fee

This covers the cost of processing and approving a new loan application. Unlike other finance companies or banks, we don’t charge a flat fee. Pioneer’s establishment fee is calculated based on the work involved and administration costs in processing your loan. We feel this is a fair way of calculating your establishment fee rather than setting a flat fee:

New <$12KRefinance <$12K>$12K (per 20 min)
Standard (time involvement) – BASE CHARGE$ 165.00$ 115.00$ 100.00
Complex (time involvement) – BASE CHARGE$ 240.00$ 174.00$ 200.00


Title Search$ 12.60$ 12.60
Valuation$ 12.60$ 12.60
Register/Remove Caveat$ 12.60$ 12.60
Vehicle Check$ 19.00$ 19.00
Register PPSR$ 12.60$ 12.60

Additional Fees (as incurred):

Broker Fee             $95-$4,500.00

E-Valuer – QV      $49.95

Caveat registration fee $160.00

PPSR Registration Fee $8.05

Interest Rates

Our interest rates depend on what security you offer and credit file. Interest rates start from 6.95%p.a. to 16.95%p.a

Loan Administration Fee

$9.00 per month to cover the administration of a loan and processing payments

Early Repayment Fee

$75.00 – Added to the unpaid balance when a loan is settled in full before its scheduled final payment date. Release of caveat or mortgage over real property – $155.00 per caveat or mortgage charged when we register a withdrawal of the caveat or discharge of the mortgage. Loan

Restructure/ Variation Fee

$90.00 – Charged when an existing loan is restructured or varied to assist a customer who cannot maintain current payments or wishes to restructure the loan and when the change is not based on a hardship application.

Hardship Documentation Fee

$35.00 – This may be charged to cover the costs of documenting a restructure of a loan which is based on a hardship application.

Other Credit Fees 

All other credit fees, currently unknown to the lender listed in paragraph 4 of the Terms and Conditions of this loan agreement and incurred by the lender when you are not in default.


Default Fees

Communication Fee

$6.00 per attempt – Charged each time we attempt to communicate with you by telephone, fax, email, text, or write to you about a missed payment, arrears or defaults.

Dishonour Fee

$6.00 – Charged each time a payment is missed, dishonoured or reversed.

Repossession Warning Notice

$30.00 Added to the unpaid balance when we issue a repossession warning notice.

Seizure Warrant

$60.00 Added to the unpaid balance for preparing repossession documents & instructing agent.

Issue of Property Law Act Notice

$150.00 Added to the unpaid balance after we issue a default notice in accordance with Property Law Act 2007.

Other Third-Party Charges

The costs to us of Court or Disputes Tribunal proceedings and repossession and sale of collateral and the sale of the mortgaged land.  These include filing fees actual solicitors fees and disbursements (assessed on a solicitor client basis) and debt collection agency commissions, fees and disbursements.  Additionally, you must pay us the costs and disbursements of repossession agents, valuers, real estate agents, auctioneers, process servers, solicitors and any of our agents in enforcing this agreement.  You must also pay the cost of any dealings (we have while you are in default) with other persons with respect to the debt or any security you (may) provide.  In addition, you must pay the cost of doing anything which you have failed to do and which we have done.  You must also pay for the costs expenses and other liabilities listed in paragraph 4 of the Terms and Conditions arising out of your default. Representative Example of Loan Here is an example of a $10,000 loan paid off over 36 months.

Loan Amount $10,000
Establishment Fee $445
Finance Charged $2,977.82
Total Repayments $13,818.82
Interest Rate $16.95%

How can you avoid paying the late fees/penalty charges?

Ensure that there is a sufficient amount of funds in your account before the Direct Debit is scheduled. If you are unable to make a payment due to a change in your circumstances, please contact Pioneer Finance on 0800 000 724.