The commitment fee covers valuation and preliminary checks for your loan to be approved. ASL's commitment fees are competitive and vary on the type of loan you require. The commitment fee is paid before ASL processes the loan application.
ASL charges establishment fees on a sliding scale. The establishment fee covers account set up and legal fees. This fee is payable when ASL approves the loan. The amount is determined at the time you make your loan application.
A nomimal compliance fee [GST inclusive] is charged over the term of the loan. The fee is paid in arrears with interest payments. The true cost is less due to the late timing of payment. The compliance fees covers expenses and compliance requirements for the facility .
All performing loans are automatically rolled over for a further term on same terms and conditions at the prevailing rate. You can apply to increase the loan, vary the terms or repay the loan by giving 30 days written notice before each maturity date.
No additional fees are paid unless you commit a default, seek a variation, or request ASL to do something that increases our management costs