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Fees & Charges

CFI Finance Schedule of Fees

Schedule of Fees

Effective 1 July 2022. Where GST is levied on your financial product or service these fees are inclusive of GST.

If CFI is liable to pay GST or any similar tax on a supply made in connection with a service referred to above, then the fee will be increased by the amount of the GST.

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Fee

Amount

When we charge this fee

Account Management

$6.45 per month (where payments are made monthly) or $1.49 per week (where payments are made weekly)

Charged with your regular payment under your finance contract

Contract Assignment

$660.00 first contract

$220.00 subsequent contracts

For changing (or releasing) borrowers or guarantors under a contract or agreement

Contract Documentation (Asset Finance)

$660.00 

Upon signing contracts and prior to settlement

Contract Documentation (Business Loans)

$650.00 or 1% of contract amount up to a maximum of $1,999.00

Upon signing contracts and prior to settlement 

Contract Documentation (Private Sale) - In place of normal document fee

$880.00

When you acquire goods under an agreement from a Private Seller

Contract Documentation (Customer Reimbursement / Sale & Lease Back) - In place of normal document fee

$880.00

Where you require us to reimburse you, or purchase goods from you, under an agreement

Contract Documentation (Sale of Business)

$650.00 or 1% of contract amount up to a maximum of $1,999.00

Upon signing contracts and prior to settlement

Specialised Documentation

$880.00

For any specialist document required on entering into a contract or agreement with us

PPS Registration Fee

$27.50

For any contract or agreement where we register a security interest granted by you on the PPSR

Security Release

$250.00

When we release any security which we have taken under a contract (other than when the contract ends in the ordinary course)

Early Termination Administration Fee

$550.00

Per early termination event whether complete or partial

Direct Debit Dishonour

$38.50

When a direct debit payment to us dishonours

Mercantile Agent Fees

Agent Fees plus $165.00

When you are in default under a contract and we deem it necessary to send a mercantile agent to confirm the location and disposition of any security

Legal Recovery Fees

Legal Fee plus $165.00

When you are in default under a contract and we deem it necessary to engage legal services on our behalf

Settlement Attendance Fee

$220.00

Charged if you require us to attend settlement on the payout of your contract (Fee may increase for areas outside of Brisbane, Sydney, and Melbourne CBD.)