Our Loan Rates
Fees and Repayments
Our SACC (small amount credit contract) loans of $500 to $2,000 include an upfront establishment fee of 20% of the amount borrowed, with a monthly maintenance fee of 4% of the amount borrowed. If you miss a payment, a dishonour fee will apply. For example, a loan amount of $1000 over 26 weeks has fees and charges totalling $440, consisting of a $200 establishment fee ($1000 x 20%) and maintenance fees of $240 (6 months x 4% x $1000). $1440 total repayable in 13 fortnightly instalments of $110.77.
Our MACC (medium amount credit contract) loans of $2,001 to $5,000 incur a $400 establishment fee and interest at 48% per annum. If you miss a payment, a dishonour fee will apply. For example, a loan amount of $2500 over 30 weeks has fees and interest totalling $831.80 consisting of a $400 establishment fee and interest of $431.80. $3,331.80 total repayable in 15 fortnightly instalments of $223.
- 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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