Legal & Regulatory Information SME & Agri Finance

SME & Agri Finance Legal & Regulatory Information


Green and solar consumer loans

Expenses, Fees and Additional Charges

  • A Completion Fee charge of €150.00 shall be debited to the borrower’s account. You have the right to request to repay this separately however if you chose to not exercise this right this fee will be charged together with the first direct debit due by you.
  • A charge of €20 shall be debited to the borrowers account for each unpaid direct debit payment that is missed by the borrower.

Schedule of existing charges as of January 2023

The table below details the full list of existing charges for consumer products offered by Finance Ireland Leasing as of January 2023

Description of Fee / Charge Name Fee currently applied Frequency of fee
Documentation Fee €75 Collected with first monthly instalment
Completion Fee €75 Collected with last monthly instalment
Excess kilometre fee 15c per km in excess of agreed annual km On return of vehicle
Early settlement fee Equivalent of three months’ interest Upon early settlement of agreement
Unpaid instalment €20 Per unpaid instalment
Default letter €15 To account when a notice of default is issued
Arrears letter €15 Posted to account when a notice of default is issued
Termination notice €30 Posted to account when a Termination notice is issued
Penalty Interest 2% Late payment interest accrued daily on any arrears balance
Direct Debit cancellation fee €18 If a Direct Debit is cancelled without advising ourselves
Payment Method Change €32 If we agree to change the customers payment method
Payment Date Change €24 If we agree to change the customers payment method
Documentation request charge Up to €30 If a customer requests a copy of documentation
Agreement Transfer Charge €60 If we agree to transfer the customers agreement
Administration (unit loading) fee €25 +VAT On unit loading
Unit sale out of trust fee €50 +VAT Per failure to notify
Unpaid DD €50 +VAT Unpaid item
Interest on Late Payment Base Rate plus 8% When in arrears
Administration support fee €25 +VAT Per support arrangement

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