Annual Interest Rate

The annual interest rate will be no higher than 16.95% and is assessed by taking into account the clients’ credit history, affordability, asset backing, security value and stability in employment and residence.

Application / Approval / Account Maintenance

Establishment Fee $295
This is a fee for receiving and processing the loan application together with acceptance and establishment of the loan and is added to the loan contract when the loan is drawn.

Credit Check $16.22.
This is the cost to carry out a credit check on an individual borrower.

Licence Check $3.91
This is the cost to obtain a NZ Drivers Licence check.

Motor Check $4.49
This is the cost of obtaining a check on motor vehicle registration details.

PPSR Search Fees $3
This is the cost per person/vehicle to search the Personal Property Security Register.

PPSR Registration $16
This is the cost associated with the registration of security on the PPSR

Account Maintenance Fee $8
This fee is part of the loan installment and is for the maintenance service provided per month. The fee is charged at Loan Installment plus $8.00 per month.

Early Repayment Fee $75
Administration fee charged to the loan account when the account is settled early.

Dealer Fee $250
Charged only when applicable. This is a fee paid to a Motor Vehicle Dealer for referring you to Onyx Finance.

Broker Fee $150
Charged only when applicable. This is a fee paid to a Finance Broker for referring you to Onyx Finance.


Contract Variation (Security) $85
Fee is charged when the goods/security on the loan contract are to be changed.


Dishonoured Payment Fee $10
Fee is charged to the loan account in the event of a payment dishonoured by the Debtor’s bank.

Reminder Letter Fee $10
Fee is charged to the loan account where a Credit Controller is required to send a letter to the Debtor regarding overdue amount/s on the loan account.

Repossession Warning Notice $25
Fee is charged to a loan account when a Prepossession Notice is issued.

Repossession Authority $50
Fee is charged to the loan account when it is necessary to issue a Repossession Warrant as a result of a serious default (e.g. overdue installments). This amount along with the arrears and any agent costs are due and payable immediately to avoid repossessions.

Repossession Costs
Costs incurred by a third party (e.g. repossession agent, legal provider, repairer, storage costs) will be charged to a loan account for the invoiced amount/s, copies of which are available upon request.

Post-Repossession Notice $50
The Creditor issues a Post-Repossession Notice within 21 days of the taking of goods. Fee for the issue of Post-Repossession Notice will be charged to the loan account.

Statement of Account After Sale $30
Fee is charged to the loan account following production and service of this notice after sale of goods within 10 days of the sale being affected.


The cost of insurance cover for Loan Repayment Insurance, Motor Vehicle Insurance, Mechanical Breakdown Insurance, Guaranteed Asset Protection Insurance and Accidental Death Insurance may be included in the loan. The premium financed will be paid to the relevant insurance company and provide insurance cover for the period stated in each insurance proposal.