Finance Fees and Interest Rate

Credit Fees:

Establishment Fee $250 is charged if Alphera agrees you may assign the contract
Assignment Fee $250 is charged if BMW agrees you may assign the contract

Default Fees:

Dishonoured payment $10 is charged in the event that a payment tendered is dishonoured by your bank
ITR fee $15 is charged when an ITR (Intention to Repossess) letter is issued if your loan account goes into arrears
Warrant to Act fee $25 is charged when a Warrant to Repossess is issued due to a breach of terms
Post Repossession fee  $100 is charged when a Post Repossession Notice is issued after we have repossessed the Motor Vehicle

Interest Rates:

Personal Loans / Finance Lease  Current Annual Interest Rate
ALPHERA – Motor Vehicle  13.75%

Alphera Financial Services lending criteria and terms and conditions apply.