vehicle Loans
Rates, fees and contract terms
If you have applied for vehicle finance through one our partners you’ll find a full list of our interest rates and fees below together with a link to our standard form contract terms.
|
Vehicle Loans
Rates and Fees
|
|
|---|---|
| Interest Rates | |
| Annual Interest Rate | 9.95% - 29.95% p.a. variable determined by credit risk |
| Credit Fees | |
| Establishment Fee | $80.00 To be paid upfront or capitalised over the contract term |
| PPSR Fee | included in establishment fee |
| Vehicle Referral Fee | $295.00 To be paid upfront or capitalised over the contract term |
| Weekly Admin Fee (for weekly repayment) | $0.75 Charged to your account each week |
| Fortnightly Admin Fee (for fortnightly repayment) | $1.50 Charged to your account each fortnight |
| Monthly Admin Fee (for monthly repayment) | $3.25 Charged to your account each month |
| Refinance Fee | $30.00 Payable if we re-finance your loan contract |
| Default Fees and Charges | |
| Late Payment Fee (for weekly repayment) | $7.50 Charged to your account each time you are more than 2 days late in paying an amount that is due for the period while you have an overdue amount. |
| Late Payment Fee (for fortnightly repayment) | $15.00 Charged to your account each time you are more than 2 days late in paying an amount that is due for the period while you have an overdue amount. |
| Late Payment Fee (for monthly repayment) | $33.00 Charged to your account each time you are more than 2 days late in paying an amount that is due for the period while you have an overdue amount. |
| Payment Plan Late Fee | $3.50 Charged to your account each time you are more than 2 days late in paying an amount that is due for the period while you have an overdue amount. |
| Door Knock | $35.00 Charged to your account each time we are required to visit you to discuss an event of default |
| Other Repossession Fees: locksmith, storage, disposal costs, repossession agents | Costs will be charged at the cost levelled on Thorn Finance |
| Penalty Interest | 5% p.a. above prevailing rate (calculated on the amount that is overdue) |
| Vehicle Fees | |
| Immobiliser Device and Install Cost | $345.00 |
| Immobiliser Weekly Account Fee | $3.25 |
| Immobiliser Fortnightly Account Fee | $6.50 |
| Immobiliser Monthly Account Fee | $13.00 |
Vehicle Loan
- Annual Interest Rate
9.95% - 29.95% p.a. variable
determined by credit risk - Establishment Fee
$80.00
To be paid upfront or capitalised over the contract term - PPSR Fee
included in establishment fee - Vehicle Referral Fee
$295.00
To be paid upfront or capitalised over the contract term - Admin Fee (for weekly repayment)
$0.75
Charged to your account each week - Admin Fee (for fortnightly repayment)
$1.50
Charged to your account each fortnight - Admin Fee (for monthly repayment)
$3.25
Charged to your account each month - Refinance Fee
$30.00
Payable if we re-finance your loan contract - Late Payment Fee (for weekly repayment)
$7.50
Charged to your account each time you are more than 2 days late in paying an amount that is due - Late Payment Fee (for fortnightly repayment)
$15.00
Charged to your account each time you are more than 2 days late in paying an amount that is due - Late Payment Fee (for monthly repayment)
$33.00
Charged to your account each time you are more than 2 days late in paying an amount that is due - Payment Plan Late Fee
$3.50
Charged to your account each time you are more than 2 days late in paying an amount that is due - Door Knock
$35.00
Charged to your account each time we are required to visit you to discuss an event of default - Other Repossession Fees: locksmith, storage, disposal costs, repossession agents
Costs will be charged at the cost levelled on Thorn Finance - Penalty Interest
5% p.a. above prevailing rate
(calculated on the amount that is overdue) - Immobiliser Device and Install Cost
$345.00 - Immobiliser Weekly Account Fee
$3.25 - Immobiliser Fonightly Account Fee
$6.50 - Immobiliser Monthly Account Fee
$13.00
All interest rates and fees are subject to change
THORN FINANCE TERMS AND CONDITIONS: Responsible lending criteria, terms and conditions apply. Interest rate 9.95% p.a. - 29.95% p.a. variable, determined by credit risk. Mandatory fees: Admin fee of $3.25 a month (other payment frequencies available), $80 to be paid up front or capitalised over the contract term. Rates and fees may change. Other non-mandatory fees and charges may also apply. Minimum term 12 months. Maximum term 60 months. Security and vehicle insurance may also be required.
Example Contracts
| Vehicle Loan Agreement | Click here |
| Privacy Consent | Click here |
THORN FINANCE TERMS AND CONDITIONS: Responsible lending criteria, terms and conditions apply. Interest rate 9.95% p.a. - 29.95% p.a. variable, determined by credit risk. Mandatory fees: account fee of $3.25 a month (other payment frequencies available), $80 to be paid up front or capitalised over the contract term. Rates and fees may change. Other non-mandatory fees and charges may also apply. Minimum term 12 months. Maximum term 60 months. Security and vehicle insurance may also be required.