What is a Clawback
Fees for other services
1. A credit assistance fee, payable to ARMI Finance for assisting with your loan; and
2. A Risk Assurance Charge personalised based on your credit history, payable to the Provision Fund.
Importantly, these fees and charges are added to your requested loan amount, so the effect of these fees is included in the monthly repayment amount and comparison rate you are displayed when you receive a estimate.
In some cases, the establishment fees can range up to $800 and depending on the lender, some early termination fees include $175.00 if your loan is repaid in first 6 months (or) $120.00 if your loan is repaid between 6 and 12 months. No Early Termination Fee applicable after 12 months.
You can read more in our Personal Loan FAQ
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How ARMI Finance can help you
We are here to help you save thousands of dollars by getting the right loan and pay off your finance sooner by structuring it right the first time. You can always talk to us if you have more questions. Otherwise, please complete the form above and we will get back to you as soon as convenient to you.