IMPORTANT INFORMATION

Everything you need to know

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We calculate all of our interest loan rates on a case by case basis. This means you get the best possible rate you can with Geneva Finance based on your unique situation.

Interest rates

We calculate all of our interest loan rates on a case by case basis. This means you get the best possible rate you can with Geneva Finance based on your unique situation.

PERSONAL LOANS (including broker introduced)
Interest rates from 12.95% per annum

MOTOR VEHICLE LOANS (including broker introduced)
Interest rates from 12.95% per annum

WE CALCULATE OUR LOAN RATES BASED ON:


age
credit history
residential and employment stability
financial obligations
licence type held (for Motor Vehicle Loans)
any security that is offered as collateral against the loan (if any).

Bulk payment penalties

Unlike most other finance companies, we love it when our customers make bulk payments against their loan. If you want to pay off a big lump of your loan in one go - that’s great! No hidden fees or extra costs, just another way for us to help you get ahead.

Calculate your repayments

Calculations shown are estimates and may vary upon application.
Also be sure to check our fees - they’re not huge, but it’s good to know in advance.

HOW MUCH?

$16000

TERM

36 months

INTEREST RATE

12.95 % p.a

MONTHLY REPAYMENTS

$538.72

WEEKLY REPAYMENTS

$123.90

Calculations shown are estimates and may vary upon application.

Geneva’s fees

Unlike other finance companies or banks, Geneva does not have a flat rate for fees. We have a minimal number of fees to cover administration costs associated with your loan, and we only charge for services you are using. As everybody’s loan is different, everybody’s fees are different too. All the fees you are required to pay are worked out and included in the loan offer we provide you after your loan enquiry. This means there are no surprises or hidden costs, and we are upfront with you from the beginning about the structure of our loans.

LOAN ESTABLISHMENT

This is a one-off fee that relates to Geneva’s cost of the receiving and processing an application and the acceptance and establishment of the loan. Instead of a flat fee, like most finance companies, Geneva varies this rate depending on the reason for the loan, e.g. refinancing of an existing loan starts from $50. A new loan application has a fee of up to $345.

LOAN ADMINISTRATION

This fee relates to the cost of maintaining the servicing of the loan. The cost is $2 per week. This charge may be added to your loan on a weekly ($2), fortnightly ($4) or monthly ($8) basis, to match your preferred payment frequency.

COST RECOVERIES

These fees are a direct recovery of 3rd party costs (e.g. cost of registering our security interest with the Personal Property Securities Register (PPSR) on any security used against a loan as collateral) and other 3rd party fees associated with the establishment of the loan (e.g. for Credit Checks, Vehicle Checks, Identity Verification Checks). The total recovery cost will typically be less than $35 and will comprise only the actual costs incurred by Geneva in setting up your loan.

Additional fees that can be charged to your loan:
WHEN YOUR LOAN IS REFERRED TO GENEVA BY AN INTRODUCER.

If your loan is referred to Geneva by an introducer (e.g. A Broker or Car Dealer) you may be charged a referral fee. Geneva limits this fee to a maximum of $750, however, it can be less, under negotiation between yourself and the introducer. Geneva pays this fee directly to the introducer and it is added to your loan. It is also disclosed on the loan which you sign. If you deal directly with Geneva then there is no referral fee.

WHEN YOU REQUEST MODIFICATIONS TO YOUR LOAN AGREEMENT.

These fees apply where you vary your loan e.g. changing a security.

These fees are set out in detail in the PDF attachment referred to below.

COLLECTION FEES ARE ONLY PAYABLE IF YOU FALL BEHIND IN YOUR LOAN REPAYMENTS

If you are having trouble making your loan repayments ring our Collections team on:
0800 700 750.
We will work with you to minimise your costs. These fees are set out in detail in the PDF attachment referred to below.

For a full schedule of our fees:

Here’s what you’ll need to start an application

If you are securing your loan with a motor vehicle you need the vehicle’s registration number

Email address

Be aware of what your weekly income is

Be aware of what your weekly housing costs are

FINANCIAL SERVICES POLICY DISCLOSURE

We provide loans with terms from 6 months to 60 months and our annual interest rates (AIR) are fixed for the term of the agreement. Our annual interest rates range from 12.95% to 28.95% depending on your credit profile, the collateral and several other factors that are calculated in accordance with the Credit Contracts and Consumer Finance Act 2003 (CCCFA). Your loan contract will show all applicable credit fees and charges. See our ‘Everything You Need to Know’ page of our website for further details and please use the loan calculator. As an example, on a typical loan, if you borrowed $5,000 at 16.95% AIR and made repayments over 12 months your total repayments would be $6,059.38 which includes $450 establishment fee, $104 administration fee ($8.60 per month) and interest of $484.28.