1. Acceptance Fee.
Successful applicants will be charged an acceptance fee of 2.5% of the loan amount for loans $12,000 and above and 3% or $65, whichever is higher, for loans below $12,000. The acceptance fee will be added to your loan amount. Your aggregate loan amount will therefore consist of the amount you have requested and the acceptance fee.
2. Early Redemption Fee.
If you should redeem your Personal Loan before the expiry of the full term, you shall have to pay an early redemption fee of 5% (if the redemption occurs within the first 12 months of disbursement) or 3% (for subsequent periods) of the amount outstanding under the Personal Loan at that time.
3. Feature Cancellation Charge.
In addition to the early redemption fee, if there is early redemption of your loan which has a particular Product Feature, a Feature Cancellation Charge shall be applicable as follows: (a) Pay Interest Only: A Feature Cancellation Charge of $100 if the loan is redeemed within the interest-only period; or (b) Step Up Interest Rate: A Feature Cancellation Charge of $200 if the loan is redeemed during the lower interest rate period.
4. Due Date Adjustment Fee.
If you wish to change your instalment Due Date from the one you are initially allocated, a Due Date adjustment fee of $20 shall be applicable for any such change subsequent to the disbursement of the Personal Loan.
5. Statement Retrieval Fee.
A processing fee of $10 shall be applicable for each request for a statement setting out your past transactions.
6. Non-Giro Admin Fee.
If you do not make payments through GIRO, an administrative fee of $1.85 shall be applicable for each payment transaction made by you.
7. Unsuccessful GIRO Fee.
If you have arranged for payment of the monthly instalment though GIRO deductions, a handling fee of $15 shall be applicable for the unsuccessful GIRO deduction of the monthly instalment from you.
8. Bounced Cheque Fee.
If you tender a cheque as payment, which is dishonoured, a Bounced Cheque Fee of $40 shall be applicable as the processing fee for each cheque that is dishonoured.
9. Late Payment Admin Fee.
If your monthly instalment is received after your Due Date, a late payment administrative fee of $60 shall be applicable for each month in which payment of your monthly instalment is received after your Due Date.
10. Late Payment Interest.
Late payment interest shall be at the rate of 4% per annum plus the interest rate applicable to your loan.
11. Other Fees.
Other fees may be applicable for additional services provided by us, and may be subjected to GST where applicable.
