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Avanti Finance Announces the Following Fee & Interest Changes for Consumer Lending

Avanti Finance Limited has reduced the following fees for secured and unsecured consumer loans (including motor vehicle) and mortgages, with effect from 7 December 2020.

Loan administration fee$7.50 per month
Arrears management fee$25 per month
Loan restructure fee$95
Prepayment fee upon settlement

(for loans established after June 2015)

(The release of property security fee is unchanged).

$55

All other fees will remain the same.
If you pay by direct debit, you will not need to make any adjustments to your payment or instructions to us.

The default interest and the method of charging for consumer loans established before June 2015 will also change: If an amount is not paid when due, default interest will be charged at the default interest rate of 20% p.a. on the amount which is due and unpaid while the default continues. Effective 7 December 2020.

If you need any additional information, please call up on 0800 808 065 or check your statement after 7 December 2020.

View all Avanti Finance fees & interest rates.

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