Service | Fee | Explanation |
Register account | free | - |
Deposit funds | free | note: you bank may charge costs for transferring funds |
Withdraw funds | free | note: your bank may charge costs for receiving funds |
Interest paid | 0.00% | no interest will be paid on balance held in your account |
All below fees are in NZD and including 15% VAT (GST)
Service | Fee | Explanation |
Monthly management fee | 0.10% | calculated from outstanding amount, held back from payment |
Admin fee incidental payments | 0.50% | calculated from transaction amount, held back from payment |
Sell investment via Seconday Market | 0.50% | held back from transaction amount |
Buy investment via Secondary Market | 0.50% | paid on top of transaction amount |
All below fees are in NZD and excluding 15% VAT (GST)
Service | Fee | Explanation |
Application fee (fixed) | 450 | charged wihen fundraise application is submitted |
Publication & contract fee (fixed) | To be agreed | charged when fundraise application is approved, held back from payment |
Succes fee (variable) | 2.50% | calculated from funds successfully raised, held back from payment |
Monthly handling fee | 0.06% | added on top of period payments processed, charged from principal amount |
Handling fee incidental payments | 0.50% | calculated over and added on top of transaction amount |
Late payment penalty | all collection & recovery costs with a minimum of 150 + legal interest paid to investors | calculated and charged seperately afterwards |
loan restructuring | 0.50%, 1,500 minimum | calculated from outstanding amount with a minimum aof 1,500, charged upfront |
Early repayment | 0.50%, 500 minimum + 3 months interest | calculated from amount repaid (with a 500 minimum) |