Marac Standard fees and charges

Moyes lending rates range from 11% to 17.25%. Rates vary depending on many factors including the amount of lending, the term of the loan, the level of deposit or equity in the loan, customer credit history, and customer risk profile.

Application/Approval/Account Maintenance

 
Establishment Fee (Direct)
We will charge you this fee for processing a new loan application made directly to us, including approval and acceptance. 
$276.00
Establishment Fee (Intermediary)
We will charge you a fee of up to $146.00 for processing a new loan application via an intermediary, including approval and acceptance. 
$146.00
Dealer / Broker / Introducer Fee
We may charge you a fee of up to $500.00 which we will pay to any dealer/broker/introducer who refers you to us in relation to the Loan.
$500.00
PPSR 
We will charge you this fee for registration of our security interest in the Goods.

$10.00

Refund Fee
We will charge you this fee if you overpay us and we refund you. 

$16.00
Early Settlement Fee 
We will charge you this fee if you fully repay your loan early.
$47.00

Statement Fee

We will charge you this fee if we give you (at your request) an additional statement. We do not charge you this fee for providing any six monthly continuing disclosure statements.

$5.00
Transfer Fee
We will charge you this fee if you or the guarantor assign or transfer any of your rights or obligations under this Agreement (with our prior written consent).
$276.00
Caveat Fee
If we register a caveat over any of your property at any time, we will charge you caveat registration and release costs
Actual Cost
Mortgage Fee 
If we register a mortgage over your property at any time, we will charge you mortgage registration costs.
Actual Cost
Credit Card Transaction Fee
We will charge you this fee if you pay us using your Credit Card (Payment amount plus up to 3.50% merchant fee).
up to 3.50%

Modifications

 
Variation Fee
We will charge you this fee if we agree you can make an unscheduled part prepayment of the Loan and we have to change the amounts and dates as a result, or if we agree to release our security interest in the goods over which you have granted us a security interest and substitute it with a security interest over the goods
$47.00
Refinance Fee
We will charge you this fee if we change the terms of the Loan to help you if you are having difficulty keeping up with your payments, or if you want to change the term (length) of the Loan.
$276.00

Collections

 
Repossession Warning Notice
We will charge you this fee if we have to send you a Reminder Letter. We usually do this 12 - 15 days after you have breached this Agreement (e.g. overdue payments).
$51.00
Telegram
We will charge you this fee if we have to send a Telegram. (We usually only send Telegrams after expiry of Pre-Possession Notices when we are having difficulty contacting a customer. The Telegram would ask you to contact us to avoid further ‘enforcement action’.
$3.00
Dishonoured Payment Fee
We will charge you this fee if your bank dishonours a payment you make to us
$5.00
Repossession Warrant Fee
We will charge you this fee if we have to instruct an agent to repossess the Goods (for example, due to overdue payments).
$131.00
Repossession Fee
We will charge you this fee if we have to repossess the Goods

$131.00

Repossessed Goods Sales Fee
We will charge you this fee if we have to sell the Goods.
Actual Cost
Recovery Costs
We will charge you any costs charged by third parties relating to your Loan or this Agreement (e.g. repossession agent, legal provider, repairer). We can provide copies of the invoices on request.
Actual Cost
Fees and Costs Added to Loan Balance
If we charge you any of the above fees or costs, we will add that amount to the principal amount of your loan. That means we will charge interest on that amount untill you pay it.