Fees and Charges

Vield charges minimal fees for crypto-backed loans. This article outlines all fees that may apply to your loan.

Fee Summary

Origination Fee

Amount: 2% of loan amount

The origination fee covers the cost of processing and establishing your loan. This fee is:

• Charged once: Only at the beginning of your loan
• Deducted automatically: Subtracted from your loan amount before disbursement
• Non-refundable: Even if you repay early

Example:

If you request a $50,000 loan:

• Origination fee: $50,000 × 2% = $1,000
• Amount deposited to your bank: $49,000
• Amount you owe: $50,000 (plus interest)

Important: The origination fee is calculated on the gross loan amount, not the net amount you receive.

Early Repayment Fee

Amount: As specified in your Loan Documents

If you choose to repay your loan before the end of the 12-month term, an early repayment fee applies. The specific fee amount will be detailed in your signed Loan Documents.

Key Points:

• Early repayment is permitted at any time
• The fee is charged to compensate for interest income foregone
• Early repayment does not reduce fees or interest already charged
• Check your Loan Documents for the exact fee structure

Partial Early Repayments:

If you make partial repayments ahead of schedule, your obligation to continue making scheduled repayments is not changed unless Vield agrees otherwise.

Late Payment Fees

Vield charge late payment fees for overdue quarterly interest repayment.

$20 for Personal loan

$100 for Commercial loan

Missing interest repayments may also result in:

• Account suspension or restrictions
• Default notice being issued after 30 days grace period
• Liquidation of collateral to recover the total outstanding loan amount if not remedied
• Enforcement expenses (see below)

Enforcement Expenses

Enforcement expenses may become payable if you breach your loan contract or an event of default occurs.

What Are Enforcement Expenses?

These are reasonable costs Vield incurs to enforce the loan agreement or recover amounts owed, including:

• Costs in preserving, maintaining, or selling your collateral

• Collection expenses
• Expenses from dishonored payments
• Legal costs and expenses (on a full indemnity or solicitor-client basis, whichever is higher)
• Internal costs related to your breach or default

When Are They Charged?

• Only if you breach the loan contract
• Only if an event of default occurs

How Are They Collected?

Vield may:

• Debit your loan account with enforcement expenses
• Require immediate payment
• Collect them with your regular repayments
• Require repayment by one or more installments

Limitation:

Enforcement expenses will not exceed Vield's reasonable enforcement expenses, including internal costs. You are not liable for expenses arising from Vield's mistake, error, fraud, negligence, or willful misconduct.

Fees That Vield Does NOT Charge

Vield does not charge:

• Setup fees: No fee to create an account
• Application fees: No fee to apply for a loan

• Monthly maintenance fees: No ongoing account fees
• Withdrawal fees: Crypto withdrawal will be net of gas charged by the network
• Custody fees: Included in your loan structure

Fee Examples

Example 1: $10,000 Loan (Full Term)

• Loan requested: $10,000
• Origination fee (2%): $200
• Amount deposited to bank: $9,800
• Quarterly interest (13% APR): $330.12
• Final principal repayment: $10,000
• Total repayment: $11,320.48 (Principal + Interest)
• Total cost: $1,520.48 ($200 origination + $1,320.48 interest)

Example 2: $50,000 Loan (Early Repayment at 6 Months)

• Loan requested: $50,000
• Origination fee (2%): $1,000
• Amount deposited to bank: $49,000
• Interest for 6 months: approximately $3,301.20
• Early repayment fee: [as per Loan Documents]
• Total repayment: $50,000 + $3,301.20 + early repayment fee

Note: Early repayment does not reduce or refund the origination fee or interest already accrued.

Where to Find Fee Information

All fees applicable to your specific loan will be clearly stated in:

• Your Loan Documents: Signed before receiving funds
• Loan Schedule: Attached to your loan agreement
• Vield App/Web Portal: View all charges under your account summary

Important: Always read your Loan Documents carefully before signing. If you have questions about fees, contact Vield support before accepting the loan.

Need Help?

Email: support@vield.io

Phone: (02) 9157 9669