Schedule Of Fees

Schedule of Fees
Item Fees
Application Fee (Unsecured Loan) $65
Application Fee (Secured Loan) $90
Booking Fee applied to Loans between $500-$999 $100
Booking Fee applied to Loans between $1000-$1499 $200
Booking Fee applied to Loans between $1500-$3999 $250
Booking Fee applied to Loans between $4000-$5000 $300
Booking Fee applied to Loans over $5001 $350
Refund fee $10
Early Settlement Fee $50
Security Transfer Fee $45
Documentation Courier Fee $4
Statement Request Fee: (charged at the discretion of the company) $5
Collection Fees​
Item Fees
Reminder Notices $5
Missed Installments between $6.00 & $10.00 $5
Missed Installments between $11.00 & $15.00 $10
Missed Installments between $16.00 & $20.00 $15
Missed Installments over $21.00 $20
Final Demand Fee $25
Prepossession Notice $25
Repossession Authorization Fee $45
In house tracing Fee $25
Debt Collection Transfer Fee $200
Issuance of Court Proceedings $100
Restructure Fee: or 10% of the cash price(whichever is greater) $25

Interest rates: Smartcover Finance Annual Interest rates are variable depending on the customer’s credit score. The below Risk Rating chart is based on your Veda credit score.

Default Interest Rate: In the event of the customer defaulting in payment of an amount payable under our contracts, interest charges will accrue on the entire overdue portion at the default interest rate of 6% while the default continues.