Advantage Finance

0800 175 000

Funding Costs

We strive to provide an excellent, no fuss service at a fair cost.  We are experts at finding solutions when your needs are urgent and we will do our best to offer you a loan at a price you think is fair.

Business Loans

Interest Rates: 9.75% - 14.00% per annum.

Establishment Fee: 0.5% to 4% of the loan amount depending on the loan term.  This range applies for most of our loans but it may be different for development loans depending on the complexity and risk.

Administration Fee: $35 per month.  May be different for development loans depending on the complexity and risk.

Default Rate: 10% per annum above the interest rate.

Default Letter Fee: $20

Early Repayment: We will not charge you any penalty or fee for repaying your loan early.

Legal Costs: In most instances we can instruct your lawyer direct thus keeping your legal costs to a minimum.  For a development facility we require our own solicitor to document the loan.  We can provide you with their quote before you accept any offer we may make to you.  

Valuation, Security Inspection Cost: We do not charge an inspection fee and where the loan to value ratio is low, we may not even require a report from a registered valuer - a further cost saving to you.

Consumer Loans

Interest Rates:

11.95% (Prime rate for first mortgage security where the loan to value ratio is 50% or less and the security property is in a main city centre).

19.50% (Non-prime rate for transactions that our outside our prime rate criteria).

Establishment Fee: $400

Brokerage Fee: If you have engaged the services of a finance broker to arrange your loan, we can add the brokerage fee to the amount of the loan advance.  We are also able to, as a matter of convenience, pay the brokerage fee directly to the broker upon draw down of the loan.  Any brokerage fee you have agreed to pay to a broker is not compulsory under our loan contract and we will only pay the brokerage fee on your behalf upon your written instruction to do so.  Click here to see our brokerage instruction template.

Administration Fee: $15 per month.

Default Rate: 10% per annum on the amount in arrears.

Default Letter Fee: $20

Default Charges: Our reasonable charge (based on our overhead cost at any time) for time spent on your account when you are in default and includes all work in any way associated with recovery, or the attempted recovery, of the unpaid balance or the amount that you are in default.

Any amount payable by us to reimburse another person, body or agency as a consequence of your default.

Early Repayment: We will not charge you any penalty or fee for repaying your loan early.

Security Release: If you require us to attend to the discharge of any mortgage or caveat security the cost is $155 per discharge.  This is the actual cost we are invoiced by our registration agent.

Legal Costs: In most instances we can instruct your lawyer direct thus keeping your legal costs to a minimum.   

Valuation, Security Inspection Cost: We do not charge an inspection fee and where the loan to value ratio is low, we may not even require a report from a registered valuer - a further cost saving to you.

Consumer Loan Contract Template:

Click here to view our consumer fixed interest loan contract template.

Click here to view our mortgage security terms.