Business Car Loan

Charged monthly · A monthly fee for the management of your loan account.

This fee applies for replacement; supplementary; or new payment cards when you switch from Direct Debit to another payment method after the loan start date. You can avoid this fee by setting up a Direct Debit on all your future repayments, so you don’t pay fees on your regular repayments.

Calculated as 30% of unearned interest assuming all repayments are made in accordance with the amount and frequency of repayments specified in your schedule. This fee applies if your loan is repaid before its scheduled end date. You can avoid this fee continuing with your scheduled loan repayments until the agreed completion date of the loan.

The cost to set-up your approved loan is payable upon loan settlement and can be included within the amount financed. This is referred to in your contract as your Loan Account Establishment Fee.

This fee applies if you request contract documentation from PowerTorque Finance. You can avoid this fee by login into your PowerTorque Finance Account where you can view, download, and print your loan documentation online without incurring this fee.

This fee applies if you’re late or miss a repayment, and your account goes into arrears. PowerTorque Finance will contact you about the overdue amount, and this is mentioned in your loan contract as an Arrears Follow-up Fee.