Commission Rates
| ex GST | inc GST |
Upfront | 0.80% | 0.88% |
Trails | 0.20% | 0.22% |
Upfront Commission
The fee will be payable following settlement of the Loan.
Spot and refer deals will be paid a flat payment of $1,100.00 inclusive of GST
Trail Commission
· No Trail Commission will accrue in respect of Loans during any period the Loan is in default. A Loan will be in default if any Loan payment due under the Loan is in arrears for 30 days or more. Once any default is rectified, Trail Commission will commence again but will still not be paid for the default period.
Clawbacks
Period | % Clawback |
0-12 Months | 100% |
If a Loan is repaid within 12 months of the date of the initial advance, 100% of the Upfront Commission paid is clawed back