Fees and charges

Standard Interest Rate

Our standard card interest rate is 28.50%.
Depending on the special offers available at the time of your purchase a lower interest rate may apply to your purchase.
Interest accrues daily and is applied to your account monthly on the day that your statement is printed.

We can vary this standard interest rate at any time.

The current fees are outlined below:

There is no annual account fee for having a Farmers Finance Card.
$0.94 paper Statement fee for delivery of Statements by post, charged each time a paper Statement is sent.
$10 Card replacement fee for any re-issue of your Farmers Finance Card.
$7 additional Card fee for the issue of an additional Farmers Finance Card.
$7.50 Statement Reprint Fee for up to 5 statements, then $1 per statement thereafter, payable on each request for additional statement copies.
$15.00 Restructure Fee payable on provision of a permanent or temporary restructure of your credit contract following any default in payment including but not limited to payment arrangements and variation.

The following fees and charges apply should you default under the contract:

Default Fees are payable upon each separate event of default as follows:
You have been issued with a reminder notice – $15
You have been issued with an overdue notice – $15; and
You have been issued with a final notice – $15.
Enforcement Fees are payable on enforcement or attempted enforcement action being taken. You are liable for all costs incurred by us (including legal costs, administrative time and bank charges) in recovering or attempting to recover any amounts overdue or otherwise enforcing our rights.

We may vary any of these fees and charges and introduce new fees and charges at any time.

Farmers Fixed Instalment Agreement

The current fees are outlined below:

$55 Establishment fee
$7.50 Statement Reprint fee for up to 5 statements, then $1 per statement thereafter, payable on each request for additional statement copies
$15.00 Restructure Fee payable on provision of a permanent or temporary restructure of your credit contract following any default in payment including but not limited to payment arrangements and variation.

The following fees and charges apply should you default under the contract and are payable on each separate event:

Stage 1: you have been issued with a default notice - $15
Stage 2: you have been issued with a second default notice - $15
Stage 3: your account has been passed to our collection specialists for further action - $0
Stage 4: you have been issued a final demand notice - $15

We may vary any of these fees and charges and introduce new fees and charges at any time.