What are the Late Fees for CoverMe?

Should the automatic repayment process fail on the 32nd day, a late fee of A$5 per week will be added to the outstanding repayment amount until the balance is settled in full.

In cases of non-repayment, Bano reserves the right to initiate contact or engage third-party collection agencies to recover the overdue amount, inclusive of any accumulated late fees.

To avoid these additional costs and potential collection actions, it is vital to fulfil your repayment obligations in a timely manner.