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Fees and Charges

Interest Rates

WheelPay offers loans to customers at a range of interest rates between 8.95 % and 29.95%. The interest rate applicable to a particular customer is assessed by taking into account credit history, stability in employment and residence, affordability, asset backing, and security value.

Standard Fees (all prices include GST)

  • Credit Check and Decisioning Fee: $19.49
    A fee of up to $20.59 may be charged for processing a new loan for each party attached to the contract. This may include credit, decisioning, and a PPSR search.
  • Dealer / Broker / Introducer Fee: up to $995.00
    A fee of up to $995.00 may be paid for referring a loan to the lender and may form part of the loan.
  • Direct Establishment Fee: up to $495.00
    Charged for processing a loan application and added to the contract when the loan is drawn.
  • PPSR Registration: $11.50
    Charged to the contract and paid for registration and PPSR searching.
  • Early Settlement (Consumer): $45.00
  • Early Settlement (Motor Vehicle Consumer): $245.00
  • Administration Fee: $7.50 (charged monthly at month end)
  • Statement (on request): $5.00
  • Direct Debit Amendment Fee: $15.00
  • Refund Fee: $10.00


Security / Property Fees (where applicable)

  • Caveat Fee: from $225.00
    Passed on from third-party solicitors. Caveat release costs may also apply from $225.00.
  • Mortgage Fee: from $495.00
    Passed on from third-party solicitors. Mortgage release costs may also apply from $495.00.


Contract and Account Fees

  • Contract Variation: $95.00
    Charged when goods on the contract are changed, or where term/repayment amount is modified (excluding hardship applications).
  • Assignment: $40.00
    Charged when assigning a contract between purchasers/guarantors.


Collections / Default Fees (where applicable)

  • SMS Fees: $0.50
  • Second Reminder Letter: $10.00
  • Pre-Possession / Repossession Notice: $25.00
  • Repossession Fee: from $195.00
    Charges vary depending on circumstances and third-party invoicing.
  • Recovery Costs:
    Third-party costs (e.g., repossession agent, debt collection, legal services, repairer) may be added based on invoice. Copies of invoices are available upon request.