If you make all of your repayments on time, you will not be charged any fee other than our Establishment Fee. If you have come through a broker, you may incur a Lending Assistance Fee.
However, if you do not make a payment on time, you may incur some other fees listed below:
Default Administration Fee: $25
This fee is payable to MoneyPlace any day on which a repayment is due and you have been in default at any time in the period after the immediately preceding repayment was due.
Dishonour Fee: $10 per dishonour
Payable each time a payment you make is dishonoured.
If you can’t pay on time, contact us immediately.