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Fees & Charges
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These rates are with effect from 1 June, 2013.

 

FEE DESCRIPTION AMOUNT
BUSINESS LOANS  
Application Fees:  
Up to $19,999.99 $50
More than $20,000 to $49,999.99 $100
More than $50,000 to $99,999.99 $200
Approval Fees:  
More than $100,000 $1,000
Establishment Fees:  
Up to $4,999.99 $150
More than $5,000 to $19,999.99 $200
More than $20,000 to $49,999.99 $350
More than $50,000 1% of loan amount
OTHER LOAN FEES  
Bank Service fee (Charged on Quarterly Basis)  
 Up to $4,999.99  $10.00permonth
 More than $5,000 to $19,999.99 $12.50 per month
More than $20,000 to  $49,999.99           $20 per month
More than $50,000 to  $99,999.99 $40 per month
More than $100,000 to  $499,999.99  $50 per month
More than $500,000 to  $999,999.99 $100 per month
More than $1 MM 0.020% per month
Bank Guarantee Facility fee 5% p.a of the value of guarantee.
 Loan Exit Fee  
 Up to $199,999.99  no exit fee
 More than $200,000 3 months interest (minimum of $1,000) on the prevailing rate based on the outstanding loan balance if the Bank is not given the prerequisite three months notice of your intention to repay before expiry of loan term
 Commitment Fees         

1% per annum on undrawn funds if not drawn within 3 months of acceptance of loan letter.  

Insurance Fees (on base premium)

 
 
Motor Vehicle and Other cover 10%
House/Fire Cover (maximum fee of $1,000)                                  15%
Dishonoured Chq fee  $10 + of dishonoured expense of operating bank
Printing of Bank Statement                $5 per page 
Extension of Offer beyond 30 days $100
Photocopy Fee $1 per page
Bank Opinion Fee $50
Audit Confirmation Certificate $50
Rescheduling Fee $100
 Inspection Fees:   
Focused Sector Loans $40
Non-Focused Sector Loans  $70
SECURITY DOCUMENTATION
 
A. New Loans/Prime Security  
Up to $49,999.99 $400
$50,000 - $99,999.99 $800
$100,000 - $499,999.99 $1200
 $500,000 and above for collateral security, the fee shall be half of the prime security fee) $2,500
 B. Further Loans  
1. No Up-stamping  
Consent & Undertaking for Security Adequacy $50 per Charge
2. Up-stamping  
a. Individual & Other Entities  
i. Up-stamping
$100
ii. Consent & Undertaking $50 per Charge 
b. Companies  
i. Up-stamping $100
ii. Consent & Undertaking $50 per Charge
iii. Particulars of Charge   $25 per Charge
iv. Resolution                                      $50 per Company
 c. Added Collateral Security $200
D. Added Charges all Company Securities  
1. Guarantee $100 per Document
2.  All company security   
a. Particulars of Charge   $25 per Charge
b. Resolution $50 per Company
Title Production Fee (mortgage related) $100
Release of Guarantee $50 per Guarantor
Mortgage Variation Fees $50
Search Fees:  
Company Search $40
Others $15
Deed of priority fee:  
Up to $199,999.99 $200
$200,000 - $499,999.99 $300
$500,000 and above $500
Up stamping:  
Company loans $100
Individuals $50
Settlement:  
Up to $49,999.99         $100
Over $50,000 $300
Hire Purchase Agreement:  
Up to $99,999.99           $100
More than $100,000 $150
Sale & Purchase Agreement and Other Mortgage Sale related docs    $250
Mortgage Variation Fees $50
Bank Guarantee Fee $400
Release of Bank Guarantee $100
SEFP World Bank Guarantee Fee               
Up to $99,999.99   $200
More than $100,000 $500
Renewal of Security - Service Fee:  
1. Notification/Crop Lien                    $150
2. Bill of Sale  
 i. Up to $4,999.99 $100
ii. $5,000 - $9,999.99 $150
iii. $10,000 - $24,999.99 $200
iv. $25,000 - $49,999.99         $250
v. above $50,000 $300
DEFAULTING CHARGES  
Arrears Fee $25 per default if arrears > 30 days
Demand Notice Fee $150
Discharge Fees  
a. Crop Lien, Notification (over crops &chattels/ lease & titles)  
i. Full Discharge            $100
ii. Partial or Conditional Discharge                                                             $100 per Charge     
b. Bill of sale, Mortgage, Ship’s Mortgage, Lien,   Assignment, Guarantee, Debenture   
i. Full Discharge $200 per charge plus $50 for each additional document     
ii. Partial or Conditional Discharge                                  $150 per Charge plus $100 for each additional document 
Memo of Satisfaction               $50 per Charge 
Settlement Letter $50
Letter of Cancellation of  
i. FDB Interest                            $25
Caveat  $200
Removal/withdrawal of Caveat $50
Transmission by Death $100