Our Loan Rates
Our Rates
| SACC | MACC | LACC | |
| Loan Amount | $500 – $2,000 | $2,100 – $5,000 | $5,100 – $10,000 |
| Interest Rate | N/A | 48% APR | 19.90% – 27.90% |
| Comparison Rate | N/A | 66.24% | 40.28% |
| Loan Term | 12 – 52 weeks | 12 – 78 weeks | 18 – 36 months |
| Repayment Cycle | Weekly, Fortnightly, Monthly | Weekly, Fortnightly, Monthly | Weekly, Fortnightly, Monthly |
| Secured or Unsecured | Unsecured | Unsecured | Unsecured |
| Establishment Fee | 20% of loan amount | $400 | $275 – $985 |
| Monthly Fees | 4% per month (calculated on the original loan amount) | N/A | $29 per month |
| Comparison Rate Warning | Warning: The comparison rate is true only for an example loan amount of $2,500 and an example term of 104 weeks. Different terms or other loan amounts might result in a different comparison rate. | Warning: The comparison rate is true only for an example loan amount of $10,000 and an example term of 156 weeks. Different terms or other loan amounts might result in a different comparison rate. |
Fees and Repayments
Our MACC (medium amount credit contract) loans of $2,100 to $5,000 include a flat upfront $400 Establishment Fee with a 48% APR.
Loan Amount of $2,500 over 52 fortnights (repayable over 52 fortnightly repayments). $2,500 (principal amount) + $400 (establishment fee) + $1,602.16 (reducing interest) = $4,502.16 total repayable over fortnightly instalments of $86.58.
The comparison rate of the MACC loan is 66.24%.
Warning: The comparison rate is true only for an example loan amount of $2,500 and an example term of 104 weeks. Different terms or other loan amounts might result in a different comparison rate.
Our LACC (large amount credit contract) loans of $5,100 to $10,000 include a flat upfront establishment Fee and monthly maintenance fee with a fixed interest rate aligned with one of the 3 term options – 18, 24 or 36 months.
Loan Amount of $10,000 over 156 weeks (repayable over 156 weekly repayments). $10,000 (principal amount) + $985 (establishment fee) + $1,044.00 monthly $3,424.80 (reducing interest) = $15,453.80 total repayable over weekly instalments of $98.91.
The comparison rate of the LACC loan is 40.28% per annum.
Warning: The comparison rate is true only for an example loan amount of $10,000 and an example term of 156 weeks. Different terms or other loan amounts might result in a different comparison rate.
- If you wish to make an early payment on your loan we will not charge any early payment or early termination fees
- Repaying your loan early will result in you paying a lower total amount
- If you need to change a payment date, let us know 2 business days before the payment is scheduled and we will change it for you
- You can also make a payment through our customer portal whenever you want
- You can call us and make a payment over the phone or make a deposit into our account at any time
- There are no fees or charges if you wish to make additional payments
Clear Transparent Simple Loan Fees
Simple to understand fees so that you know exactly what to expect
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