Direct Cash Orders Limited t/a


Terms and Conditions

At DCO FINANCE we try to provide you with as much upfront information as possible to enable you to make informed decisions.

  1. If you sign a loan agreement with DCO FINANCE (whether as borrower or guarantor) you will be liable for the repayment of the loan.

  2. DCO FINANCE encourages you to seek independent advice and is willing to provide the contract documents upon request for you to do this before you enter into a loan agreement.

  3. The borrower and guarantor are all liable to repay the loan in full. This means DCO FINANCE may claim the total amount payable from one of you or all of you.

  4. All loan agreements with DCO FINANCE are secured using either household chattels or a motor vehicle belonging to you. If the loan falls into default through arrears, this security may be seized and sold to pay the balance owing.

  5. All loan agreements with DCO FINANCE can be cancelled within 5 working days of signing, as long as notice is given in writing or in person at a branch of DCO FINANCE. To cancel, you will need to return the loan cash given, pay for interest for the time you had the cash and any external costs incurred that are not able to be cancelled (i.e PPSR Registration etc.)

  6. FLEXI ONLY – At any time the loan agreement can be closed by full repayment of the outstanding balance along with applicable fees and charges not yet posted. Once the loan agreement has a nil (or credit) balance it will be deemed closed. Closed accounts cannot be re-opened. DCO FINANCE reserves the right to cancel the ability to make withdrawals from your FLEXI loan agreement at any time and for any reason.

  7. Method of charging interest: Interest charges are calculated by multiplying the unpaid balance at the end of each day by a daily interest rate. The daily interest rate is calculated by dividing the annual interest rate by 365. Interest is charged to your loan agreement every end of month. If you pay more than the contractual payment amount, the loan agreement will receive less interest. If you pay less than the contractual payment amount (or miss payments) more interest will be charged than what is estimated on the initial disclosure document along with default interest, fees and charges. Default interest is charged using the same method but by using the arrears amount at the end of each day as the basis.

  8. Click here to view other terms and conditions that apply for all loan type agreements with DCO FINANCE.