Rates & Fees

Interest Rate Assessment

The interest rate we offer when you take out a loan with us will be set by reviewing your loan application and assessing your personal profile.

Our assessment of your personal profile includes (but isn’t limited to):

• The loan type
• The security provided (if applicable)
• Your income and financial commitments
• Your work status
• Your credit history

Personal Loans

All interest rates that Avanti Finance offers for personal loans are fixed for the term of the loan.

Auto Loans

For auto loans the interest rate we offer may include an introducer margin.

All interest rates that Avanti Finance offers for auto loans are fixed for the term of the loan.

If you choose a variable interest rate, the interest rate is determined by adding a margin (in the range set out below) to the Base Variable Rate. The Base Variable Rate is subject to change.

The margin is determined according to your personal profile (as set out above).

These fees and charges apply to Avanti Finance Limited Consumer Property loans.

Effective from 26 August 2025

Loan establishment fees

Property Loans (excluding First Mortgage Property Loans):

• Establishment fee $530
• Further advance fee (top-up) $305
• Caveat/mortgage registration (including a change from a caveat to a mortgage) $205

First Mortgage Property Loans:

• Establishment fee $775
• Further advance fee(top-up) $330
• Redocumentation fee $125

Loan administration fees

• Monthly account fee $9.85 per month
  A monthly fee to cover the administration of a loan and processing payments.
• Progressive drawdown fee $18
  Charged for each successive drawdown after the initial drawdown.
• Loan restructure fee $117
  Charged when we restructure an existing loan.
• Security substitution fee $150
  Charged when we approve a security substitution.
• Security release fee $230 per security or reasonable actual costs
  Charged when we release any security we hold over a property.
• Prepayment administration fee $23
  Charged to cover our administrative costs when a loan is settled in full before its final payment date.
• Fixed rate break costs To be calculated on request
  (Applies to First Mortgage Property Loans only, as detailed in your loan agreement)
  If you choose to repay or restructure your fixed rate loan during the fixed rate period or if the loan is repaid early due to our enforcement action taken after a default, we will charge you a fee called a break cost, which is calculated using a mathematical formula set out in your loan agreement. We will tell you what the fee is before you repay or restructure your fixed rate loan.
• Third-party correspondence/authorisation $5
  Fee to cover the processing and entering of authorised third party details and/or correspondence with the third party.

Default and collections fees

• Arrears management fee $60 per month
  Charged to your loan if it is in arrears for seven or more days during any month.
• Payment dishonour fee $10 per month
  Charged if one or more scheduled payments is dishonoured during the month and your account is in arrears at the end of the month
  
• Issuance of Property Law Act notice $150
  Charged to your loan after we issue a default notice in accordance with the Property Law Act 2007.
• Issue court proceedings $240
  Charged to your loan when we issue court proceedings.

Enforcement costs

Actual costs – Charged to your loan when we incur any reasonable third-party costs relating to the enforcement of the loan or any security (e.g. repossession agent, property valuations, solicitor fees). See clause 5.4 of the General Terms and terms of any security we take for further information.

Default interest

If you don’t pay an amount when due, then we will charge interest at the default interest rate on the amount which is due and unpaid while the default continues.

The default rate is:

• For all First Mortgage Property Loans as detailed in your loan agreement, the annual interest rate at the time of the default plus 5% p.a.; or
• For all other Property Loans, the annual interest rate at the time of the default plus 10% p.a.

Note: Most fees are charged to your loan. You’ll be advised at the time when this isn’t the case.

Fees for Non-Consumer loans are available on application.

These fees and charges apply to Avanti Finance Limited Consumer Personal loans.

Effective from 26 August 2025

Loan establishment fees

Charged for processing and approving a new loan application or a further advance (top-up), as disclosed in the individual loan contract. 

• Establishment fee
  • Unsecured Loan $140
  • Secured Loan (using a vehicle as security) $230
  • Secured Loan (using property as security) $530
• Further advance fee (top up)
  • Unsecured Loan $100
  • Secured Loan (using a vehicle as security) $135
  • Secured Loan (using property as security) $305
• Registration fee $205
  Charged when Avanti Finance undertakes the registration of a caveat over a property (including a change from a caveat to a mortgage)
• Personal Property Securities Register (PPSR) fee $9.10
  A fee to search and register a security interest on the Personal Property Securities Register when you take a secured loan.

Loan administration fees

• Monthly account fee – A monthly fee to cover administration of a loan and processing payments. This fee is included in your scheduled payments and is charged to your account on the first day of each calendar month.
  • Unsecured Loan $6.95 per month
  • Secured Loan (using a vehicle as security) $6.95 per month
  • Secured Loan (using property as security) $9.85 per month
• Security substitution fee $150
  Charged when we approve a security substitution.
• Security release fee $230 per security or actual costs
  Charged when we release any security we hold over a property.
• Prepayment administration fee $23
  Charged to cover our administrative costs when a loan is settled in full before its final payment date. (Note that you may also be charged a prepayment fee as described below).
• Prepayment fee To be calculated on request
  May be charged to cover our loss resulting from differences in interest rates when a loan is settled in full before its final payment date. We calculate the prepayment fee using a statutory procedure prescribed in regulations. (Note that in addition to the above prepayment administration fee, you may also be charged a prepayment fee.)
• Loan restructure fee $117
  Charged when we restructure an existing loan.
• Third-party correspondence/authorisation $5
  A fee to cover the processing and entering of authorised third-party details and/or correspondence with third parties.

We’ve prepared a handy fact sheet about prepayment fees and how they’re calculated. You can view that here.

Default and collections fees

• Arrears management fee $60 per month
  Charged to your loan if it is in arrears for seven or more days during any month.
• Payment dishonour fee $10 per month
  Charged if one or more scheduled payments is dishonoured during the month and your account is in arrears at the end of the month.
• Repossession administration fee $142
  A fee to cover our administrative costs associated with repossession.
• Issuance of Property Law Act notice $150
  Charged to your loan after we issue a default notice in accordance with the Property Law Act 2007.
• Issue court proceedings $240
  Charged to your loan when we issue court proceedings.

Recovery and enforcement costs

• Enforcement and other costs Actual costs
  Charged if we make any payments or incur any costs for doing anything on your behalf where you have failed to do so under your loan agreement and for any other costs or expenses we reasonably incur in connection with exercising or enforcing our rights under your loan agreement or any related agreement following a default. Copies of invoices are available on request.
• Third-party recovery costs Actual costs
  Payable when we incur any third-party costs (e.g. debt collection agent, court fees, legal fees) in connection with exercising or enforcing our rights following a default. Copies of invoices are available on request.

Default interest

If you don’t pay an amount when due, then we will charge interest at the default interest rate on the amount that is due and unpaid while the default continues. However, we will not charge you default interest on any amount that has become payable early because another default has happened under your loan agreement.

The default rate is the annual interest rate at the time of the default plus 10% p.a.

Unpaid accrued default interest is charged to your account on the last day of each calendar month.

Note: Most fees are charged to your loan. You’ll be advised at the time when this isn’t the case.

Fees for Non-Consumer loans are available on application.