How it Works

3 Step Process

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Find

a Vet Clinic

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Apply

To get Pre-Approved

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  • Application Fee (Unsecured Loan):
$65
  • Reminder Notices:
$5
  • Application Fee (Secured Loan):
$90
  • Missed Installments between $6.00 & $10.00:
$5
  • Booking Fee applied to loans between $500-$999:
$100
  • Missed Installments between $11.00 & $15.00:
$10
  • Booking Fee applied to loans between $1000-$1499:
$200
  • Missed Installments between $16.00 & $20.00:
$15
  • Booking Fee applied to loans between $1500-$3999:
$250
  • Missed Installments Over $21.00:
$20
  • Booking Fee applied to loans between $4000-$5000:
$300
  • Final Demand Fee:
$25
  • Booking Fee applied to loans between Over $5001.00:
$350
  • Prepossession Notice:
$25
Collection Fees:
  • Repossession Authorisation Fee:
$45
  • Documentation Courier Fee:

$4

  • In house tracing Fee:
$25
  • Statement Request (posted only):
$5
  • Debt Collection Transfer Fee:
$200
  • Security Transfer Fee:
$45
  • Issuance of Court Proceedings:
$100
  • Early Settlement Fee:
$50 Recovery Costs : Costs relating to third party fees.
  .e.g. Repossession/Field Agent/Tracing fees/Court Costs -  As per invoice
  • Restructure Fee:
$25
Interest rates:

Smartcover Finance Annual Interest rates are variable depending on the customer's credit score. The below Risk Rating chart is based on your Veda credit score.

HIGH RISK

0 - 350

27.95%

POOR

351 - 550

23.95%

FAIR

551 - 700

20.95%

GOOD

701 - 850

19.95%

EXCELLENT

851 - 999

17.95%

Does not qualify for Interest Free Interest Free for 6 months

Default Interest Rate:

In the event of the customer defaulting in payment of an amount payable under our contracts, interest charges will accrue on the entire overdue portion at the default interest rate of 6% while the default continues.