Rates & Fees

Personal Loan Interest Rates

Our Personal Loan Interest Rates range from 18.75% for a Gilrose Personal Loan (standard fixed term rate) to 19.95% for a Gilrose Top-Up Loan (standard flexi-term rate) per annum. 

Personal Loan Fees

Establishment Fees:

All Personal Loans - $250 Establishment Fee

$7.00 Credit Check and EIDV fee (Minimum, if applicable)

$50.00 Repayment Waiver fee (Minimum, if applicable). Click HERE for more info on Repayment Waivers)

$10.00 Personal Property Securities Register (PPSR) standard fee on secured loans

$20.00 Personal Property Securities Register (PPSR) additional fee for vehicle loans

Personal Loan Credit Fees and Charges

Here is a breakdown of our credit fees and charges. These are not included in the initial balance and are, or may become, payable under or in connection with your contract. Gilrose Finance may vary the below fees and charges.

Gilrose Finance are required to continually disclose the status of your loan on a six monthly basis. No statement, other than the six monthly statement mentioned above, will be provided automatically but statements can be provided upon request at the charge shown below.

3% Credit Card Handling Fee (of the amount paid)

$3.15 Monthly Admin fee

$3.50 Statement request fee

$5.00 Additional document request fee

$5.00  Direct Credit Refund 

$15.00 Cheque Refund fee

$10.00 Third Party Costs - admin charge

$15.00 Part Prepayment fee

$15.00 Stop Cheque fee (Bank fee)

$50 Top-Up Fee (Only applies if you have a top-up loan facility)

$75.00 Contract or Security Alteration fee

$95.00 Annual Account Keeping Fee  (Only applies if you have a top-up loan facility)


Default Interest Charges and Default Fees applicable to All Loans

In the event of a default in payment and while the default continues you must pay the default interest charges. In the event of a breach of the contract or on the enforcement of the contract, the default fees listed below are payable. Gilrose Finance may vary the below fees and charges.

Default interest is 30% per annum, charged on the overdue daily balance from the time that you fall into financial default until you are no longer in financial default and calculated by multiplying the overdue balance at the end of the day by the daily default interest rate. The daily default interest rate is calculated by dividing the annual default interest rate by 365. Default interest is charged to your account monthly.

$5.00 Text Message Reminder fee

$10 Dishonour Fee (per dishonour)

$15.00 Schedule change fee

$15.00 Broken Arrangement fee

$15.00 Overdue/Reminder letter fee

$15.00/per day Storage fee (repossessed goods)

$30.00 Second Overdue/Reminder letter fee

$25.00 Trace fee

$45.00 Final Warning Letter fee

$35.00 Repossession Warning Notice fee

$50.00 Statement of Account after sale fee

$50.00 Termination of account fee

$65.00 Post-Repossession letter fee

$200.00 Credit Controller Field Visit fee