Heartland Extend Unsecured Loans Rates and Fees
Rates
Interest rates range from 5.95% p.a. to 21.00% p.a. and are fixed for the full term of the loan. The rate charged will depend on your financial circumstances and on the rate of your existing consumer loan that is being refinanced by Heartland Extend.
To understand the rate that will apply to you please call 0800 420 842.
Default interest rates
If you do not pay an amount when it is due, then we will charge you interest at a default interest rate of 6% per annum above the then current interest rate.
Fees
Schedule of Standard Fees and Charges Applied to Extend Unsecured Loans.
Application / Approval / Account Maintenance
Establishment Fee - $53.00
We will charge you this fee for processing a new loan application, including approval and acceptance.
Refund Fee - $3.00
We may charge you this fee if you overpay us and we refund you.
Early Settlement Fee - a maximum fee of $7.00
This fee may be debited to the account when a loan is settled in full before its final payment date.
Statement Fee - $3.00
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 statements.
Modifications
Variation Fee - a maximum fee of $0.00
We may charge you this fee if you make a part prepayment of the Loan and we have to change the amounts and/or dates in the Schedule of Payments as a result, or if we agree to vary the terms of your Agreement or any other Relevant Document.
Collections
Reminder Letter Fee - $13.00
We will charge you this fee if we have to send you a Reminder Letter. We usually do this 15 days after you have breached your Agreement (e.g. overdue payments).
Demand Notice Fee - $8.00
We will charge you this fee if we have to send you a Demand Notice. We usually do this 30 days after you have breached your Agreement (e.g. overdue payments).
Final Demand Notice Fee - $17.00
We will charge you this fee if we have to send you a Final Demand Notice. We usually do this 60 days after a breached term (e.g. overdue payments).
Dishonoured Payment Fee - $3.00
We will charge you this fee if your bank dishonours a payment you make to us.
Couriered Letter Fee - $3.00
We will charge you this fee if a letter is couriered to you. Letters may be couriered to you if your Loan is in arrears and/or we are having difficulty contacting you about your Loan.
Debit card fee - $0.36c plus 1.63% of the payment amount
We will charge you this fee when you make a payment on your Loan by debit card. The fee for each payment will be $0.36c plus 1.63% of the payment amount. This fee will be deducted from your payment when it is made.
Recovery Costs
We will charge you any costs charged by third parties relating to your Loan or your Agreement (e.g. repossession agent, legal provider, repairer). We can provide copies of the invoices on request.
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 Loan principal. That means we will charge interest on that amount until you pay it.
