In April 2023, Avanti Finance acquired Limelight Financial Services’ software assets, including Finance Central.
Below is a table of fees and charges for any Finance Central loans that were activated betweeen 6 April 2023 – 29 Feb 2024.
Establishment Fee
Charged for processing and approving a new loan application or a further advance (top-up).
$80
Account Fee
Only one account fee is charged to your account per month, per account based on selected repayment.
Weekly $0.75
Fortnightly $1.50
Monthly $3.25
Referral Fee
Added to the loan and paid to the dealer.
$395
Late Fee
Charged to your account each time you are more than 2 days late in paying an amount that is due. Only one late fee is charged per account based on selected repayment.
Weekly $7.50
Fortnightly $15
Monthly $33
Refinance Fee
Payable if we refinance your loan contract.
$30
Annual Interest Rate
Determined by your credit risk profile.
10.85% – 29.95% p.a. variable
Default Interest Rate
This penalty only applies to the amount in default, for the period in default.
5.00% p.a.
To view a copy of our Loan Agreement and Disclosure Statement please click here.
For Limelight and Thorn Finance rate and fees prior to 6 April 2023, please contact Limelight/Thorn directly.
Terms and conditions: Responsible lending criteria, mandatory fees, interest, terms and conditions apply.
Interest rate 10.85% p.a. – 29.95% p.a. variable, determined by credit risk. Mandatory fees: Monthly account fee of $3.25 a month (other payment frequencies available), establishment fee of $80 to be paid up front or capitalised over the contract term. Rates and fees may change. Other non-mandatory fees and charges may also apply. Minimum term 12 months. Maximum term 60 months. Security and vehicle insurance may also be required. Limelight Financial Services Limited (trading as Finance Central).
