1. Interest Rate
Whilst you are repaying the amount we advanced on your behalf, there is an interest rate charged to your account with us for the outstanding reducing balance on a daily basis.
The current Standard Member rate is 18.45% pa.
The current Standard Non Member rate is 19.45% pa.
Note: Higher Non Standard rates may apply in certain circumstance.
2. Disbursement Fee
When you submit a Direction To Pay (DTP) form and instruct us to pay a doctor(s) and/ or hospital/clinic there is a disbursement fee applied to your account with us. This fee is currently 7% of the total amount disbursed (up to a maximum of $295) and is added to your account with us. This fee covers the cost of processing payments on your behalf.
3. Account Keeping Fee
There is a $4.50 monthly account keeping fee which will be debited to your Mediplan account
4. Dishonour Fee
In the event of a payment dishonor, a $25.00 fee will be charged to your Mediplan account.
The Mediplan Line of Credit Facility has no other ‘hidden’ charges that Banks and Credit Cards typically have. We do not charge you for Statement Copies, Direct Debits, Changing your Repayment cycles or changing Repayment amounts, Lump Sum
Phone 1300 1300 12