Our rates and fees

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

Car Loans

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

All interest rates that Avanti offers for Personal and Car Loans are fixed for the term of the loan.

Property Loans

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).

Long-term property loans

First Mortgage Near Prime Loans

First Mortgage Specialist Loans

Short-term property loans

All interest rates that Avanti offers for Bridging Loans are fixed for the term of the loan.

Lending criteria, fees, terms and conditions apply. Interest rates and fees are subject to change.

Last updated 01.06.2023

Standard fees and charges applied to Avanti Finance consumer personal loans.

Effective date 9 May 2023

Personal loan establishment fees

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

• Establishment Fee – Secured Loan $255
• Establishment Fee – Secured Loan (using Property as security) $485
• Establishment Fee – Unsecured Loan $165
• Further Advance Fee –  Secured Loan $160
• Further Advance Fee – Unsecured Loan $100
• Registration Fee $170
  Charged when Avanti Finance undertakes the registration of a caveat over a property (including a change from a caveat to a mortgage)
• Secured Loan 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 $9.85 per month
  A monthly fee to cover administration of a loan and processing payments.
• Prepayment Fee $28
  Charged when a loan is settled in full before its final payment date.
• Security Release Fee $215 per security or actual third-party costs
  Charged if we release any security we hold over a property.
• Loan Restructure Fee $140
  Charged when we restructure an existing loan.
• Security Substitution Fee $150
  Charged if we approve a security substitution.
• Third-party Correspondence / Authorisation $5
  A fee to cover the processing and entering of authorised third party details and/or correspondence with the third party.

Default fees and collections

• Arrears Management Fee $37 per month
  Charged to your loan if it’s in arrears for five or more days during any month.
• Repossession Administration Fee $160
  A fee to cover our administrative costs associated with repossession.
• Issuance of Property Law Act Notice $150
  Charged to the loan after we issue a default notice in accordance with the Property Law Act 2007.
• Issue Court Proceedings $225
  Charged to the loan when we issue court proceedings.

Recovery and enforcement costs

• Enforcement and Other Costs Actual third party costs
  Payable when we make any payments or incur any costs for doing anything on behalf of a borrower or guarantor in accordance with the terms of a loan agreement or any related agreement (e.g. arranging insurance) and for any other costs or expenses we reasonably incur in connection with exercising or enforcing our rights under a loan agreement or any related agreement following a default. Copies of invoices are available on request.
• Third Party Recovery Costs Actual third party costs
  Payable when we incur any third party costs (e.g. debt collection agent, repossession agent, court fees, legal fees, process server, valuer, auction fees) in connection with exercising or enforcing our rights under a loan agreement or any related agreement following a default. Copies of invoices are available on request.

Default interest

If you do not 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:

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

Note: Fees for non-consumer loans available on application.

Lending criteria, fees, terms and conditions apply. Fees are subject to change.

Note: These fees and charges apply to Avanti Finance Ltd consumer auto loans which are branded either Avanti Finance or Branded Financial Services (BFS).

Effective date 9 May 2023

Auto loan establishment fees

• Establishment Fee $205
  Charged for processing and approving a new loan application or a further advance (top up), as disclosed in the individual loan contract.
• Personal Property Securities Register (PPSR) Fee $9.10
  A fee to search and register a security interest on the Personal Property Securities Register.
• Dealer Fee $500 (maximum)
  Added to the loan and paid to the dealer.

Loan administration fees

• Monthly Account Fee $9.85 per month
  A monthly fee to cover the administration of a loan and processing payments.
• Prepayment Fee $28
  Charged when a loan is settled in full before its final payment date.

Loan restructure fees

• Loan Restructure Fee $140
  Charged when we restructure an existing loan.
• Third-party Correspondence / Authorisation $5.00
  A fee to cover the processing and entering of authorised third-party details and/or correspondence with a third-party.

Default fees and collections

• Arrears Management Fee $37 per month
  Charged to your loan if it’s in arrears for five or more days during any month.
• Repossession Administration Fee $160
  A fee to cover our administrative costs associated with repossession.
• Issue Court Proceedings $225
  Charged to the loan when we issue court proceedings.

Recovery and enforcement costs

• Enforcement and Other Costs Actual third party costs
  Payable when we make any payments or incur any costs for doing anything on behalf of a borrower or guarantor in accordance with the terms of a loan agreement or any related agreement (e.g. arranging insurance) and for any other costs or expenses we reasonably incur in connection with exercising or enforcing our rights under a loan agreement or any related agreement following a default. Copies of invoices are available on request.
• Third-Party Recovery Costs Actual third party costs
  Payable when we incur any third-party costs (e.g. debt collection agent, repossession agent, court fees, legal fees, process server, valuer, auction fees) in connection with exercising or enforcing our rights under a loan agreement or any related agreement following a default. Copies of invoices are available on request.

Default interest

If you do not 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 the annual interest rate at the time of the default plus 10% p.a.

Note: Fees for non-consumer loans available on application.

Lending criteria, fees, terms and conditions apply. Fees are subject to change.

Standard fees and charges applied to Avanti Finance property loans.

Effective date 9 May 2023

Loan establishment fees

Property Loan (excluding First Mortgage Property Loans):

• Establishment Fee $485
• Further Advance Fee $255
• Caveat/Mortgage Registration (including a change from a caveat to a mortgage) $170

First Mortgage Property Loans:

• Establishment Fee $705
• Further Advance Fee $295
• Redocumentation Fee $100

Loan administration fees

• Progressive Drawdown Fee $35
  Charged for each successive drawdown after the initial drawdown.
• Monthly Account Fee $9.85 per month
  A monthly fee to cover the administration of a loan and processing payments.
• Security Substitution Fee $150
  Charged when we approve a security substitution.
• Loan Restructure Fee $140
  Charged when we restructure an existing loan.
• Third party Correspondence / Authorisation $5.00
  Fee to cover the processing and entering of authorised third party details and / or correspondence with the third party.
• Prepayment Fee $28
  Charged when a loan is settled in full before its final payment date.
• Security Release Fee $215 per security or actual third-party costs
  Charged if we release any security we hold over a property.
• Fixed Rate Break Costs (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.

Default fees and collections

• Arrears Management Fee $37 per month
  Charged to your loan if it is in arrears for five or more days during any month.
• Issuance of Property Law Act Notice $150
  Charged to the loan after we issue a default notice in accordance with the Property Law Act 2007.
• Issue Court Proceedings $225
  Charged to the loan when we issue court proceedings.

Enforcement costs

We will charge you any costs we incur from third parties 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 do not 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: Fees for non-consumer property loans are available on application.

Lending criteria, fees, terms and conditions apply. Fees are subject to change.