Interest Rates and Fees

Interest Rate

14.95% – 27.95%. This will vary subject to credit history, affordability and security.

Establishment Fees

This is a one off Fee when establishing your account.

Loan Amounts Establishment Fee
$1,000 to $5,000 $295
$5,001 to $10,000 $445
$10,000 to $50,000 $650
$50,001 to $100,000 $1,250

Refinance Fee

Just like the establishment fee, the refinance fee is charged when establishing a refinanced loan: $125 to $225.

Monthly Admin Fee

$11 per month charged monthly against the loan.

Early Settlement Fee

The fee that is charged in the event you pay the unpaid balance in full before the final payment is due. The early settlement fee is charged instead of the remaining interest on your contract: $75.

Default Fees

In the event of a default in payment and/or breach of contract the following fees may be charged:

To process any payment made that subsequently dishonors. $15
For each letter sent out to the Borrower/Guarantor relating to any breach of the contract. $20
For each telephone call made to the Borrower/Guarantor relating to any breach of the contract. $20
For acceptance and monitoring of any arrangement made to clear payment defaults by installments or, any other variation of the contract. $35
For the preparation and issue of any seizure warrant and/or instructing our solicitor to prepare Property Law Act Notice(s), to be executed/served on the Borrower/Guarantor. $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.

Fees & costs added loan principle

If we are required to charge you any of the above fees or costs, that amount will be added to the loan principle. In other words, interest will be charged to the total amount until you pay it.

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