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
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)
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
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Vehicle Loan
Rates and Fees
  • 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.