Before you apply for your loan, make yourself familiar with our costs. Below, you'll find a breakdown of the main costs you'll find in your personal loan contract.
The basics
Make sure you know these three terms:
Small personal loan
An unsecured loan of $300 to $200, repaid over 3 to 6 months.
Establishment fee
A once-off fee of up to 20% of the principal. This amount is built into repayments.
Ongoing fees
A monthly fee of 4% of the principal. Charged per month or part thereof, where there is an outstanding balance.
Other fees
$27.50 is added to your account when direct debits or other due payments are not made in full.
Medium personal loan
A secured loan of $2100 to $4600 requiring a car, motorbike, boat or caravan to be provided as security.
Establishment fee
A once-off fee of $400. This amount is built into repayments.
Ongoing fees
An annual percentage rate of 48% of the principal. Interest charged per month or part thereof, where there is an outstanding balance.
Other fees
$27.50 is added to your account when direct debits or other due payments are not made in full.
Large personal loan
A secured loan of $5,000 requiring a car, motorbike, boat or caravan to be provided as security.
Ongoing fees
An annual percentage rate of 21.24% of the principal. Interest charged per month or part thereof, where there is an outstanding balance.
Other fees
$27.50 is added to your account when direct debits or other due payments are not made in full.
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How it works
Small Loans
$300 - $2,000
| Loan amounts: | $300 - $2,000 |
|---|---|
| Terms: | 3 - 6 months |
| Establishment fee: | 20% |
| Monthly Fee: | 4% |
| *Max Comparison Rate: | 199.43% |
Small Loan Example
| Loan amount: | $1,000 |
|---|---|
| Terms: | 12 Months, (50 weekly repayments) |
| Establishment fee: | $200 |
| Total other fees: | $240 |
| Total payable: | $1,440 |
| Weekly installments: | $33.60 |
Medium Loans
$2,001 - $4,600
| Loan amounts: | $2,001 - $4,600 |
|---|---|
| Terms: | 13 - 24 months |
| Establishment fee: | $400 |
| APR: | 48% |
| *Max Comparison Rate: | 67.41% |
Medium Loan Example
| Loan amount: | $3,000 |
|---|---|
| Terms: | 18 Months, (78 weekly repayments) |
| Establishment fee: | $400 |
| Total other fees: | $1,379.06 (reducing interest) |
| Total payable: | $4,779.06 |
| Weekly installments: | $61.27 |
Large Loans
$5000
| Loan amount: | $5,000 |
|---|---|
| Terms: | 13 - 24 months |
| APR: | 21.24% |
| *Max Comparison Rate: | 48% |
Large Loan Example
| Loan amount: | $5,000 |
|---|---|
| Term: | 18 months, (78 weekly repayments) |
| Establishment fee: | $400 |
| Total Interest: | $2,027.80 |
| Total payable: | $7,027.80 |
| Weekly installments: | $90.10 |