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For Consumer Credit Contracts

As defined in s 11 of the Credit Contract and Consumer Finance Act 2003


Rates

Annual Interest Rate
(where a first mortgage residential security is taken)
12.45% p.a. — 13.95% p.a.
Annual Default Interest Rate
(where a first mortgage residential security is taken)
22.45% p.a. — 23.95% p.a.
Annual Interest Rate
(where a second mortgage residential security is taken)
16.50% p.a. — 16.75% p.a.
Annual Default Interest Rate
(where a second mortgage residential security is taken)
26.50% p.a. — 26.75% p.a.
The above interest rates are fixed for the duration of the loan


Fees

Establishment Fee
(payable on loan establishment)
$2,000 to $5,000
Monthly Account Fee nil
Missed Payment Fee (per reversed Direct Debit or failed Direct Credit)
(payable when there is a reversed Direct Debit or failed Direct Credit)
$50

Prepayment Cost - the difference between your interest rate and the deposit rate available to us, or our overdraft rate on the day of early repayment; for a period of three months.
(payable on early prepayment to reimburse us for the reasonable estimate of our loss arising from the prepayment)

These Rates and Fees apply to loan advances made after 4 October 2016.




For Credit Contracts other than Consumer Credit Contracts

As defined in s 11 of the Credit Contract and Consumer Finance Act 2003


Rates

Interest Rate
(where a first mortgage residential security is taken)
10.45% p.a. — 12.95% p.a.
Documentation Fee
(payable on loan establishment)
$30
Interest Rate
(where a second mortgage residential security is taken)
16.50% p.a. — 16.75% p.a.
A Penalty Interest rate 10% p.a above the Interest Rate will apply,
if the payment is not made within 7 days of the due date.
 
The above interest rates are fixed for the duration of the loan


Fees

Establishment Fee
(payable on loan establishment)
please call
Monthly Account Fee nil
Missed Payment Fee (per reversed Direct Debit or failed Direct Credit)
(payable when there is a reversed Direct Debit or failed Direct Credit)
$50
Prepayment Cost - the difference between your interest rate and the deposit rate available to us, or our overdraft rate on the day of early repayment; for a period of three months.
(payable on early prepayment to reimburse us for the reasonable estimate of our loss arising from the prepayment)
These Rates and Fees apply to loan advances made after 4 October 2016.




Standard Form of Contract

We use standard forms of contract provided by the Auckland District Law Society, with some additions.

For Consumer Credit Contracts
(as defined in s 11 of the Credit Contract and Consumer Finance Act 2003) we use

Auckland District Law Society Term Loan Agreement (Consumer Credit Contract) form, Ref 8008
Term Loan Agreement (CCC) - Additional Items.

(please click on the respective links to review these)

For Credit Contracts other than Consumer Credit Contracts
(as defined in s 11 of the Credit Contract and Consumer Finance Act 2003) we use

Auckland District Law Society Term Loan Agreement (non regulated) form, Ref 8009
Term Loan Agreement (Non CCC) - Additional Provisions.

(please click on the respective links to review these)