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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See how it works!
How it works
Small Loans
$300 - $2,000
| Loan amounts: | $300 - $2,000 |
|---|---|
| Terms: | 3 - 6 months |
| Establishment fee: | 20% |
| Monthly Fee: | 4% |
| APR: | N / A * |
| 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 |
| Monthly Fee: | $0 |
| 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
$5,000
| Loan amount: | $5,000 |
|---|---|
| Terms: | 13 - 24 months |
| Establishment fee: | $400 |
| Monthly Fee: | $0 |
| APR: | 21.24% |
| Max Comparison Rate: | 48%** |
Large Loan Example
| Loan amounts: | $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 |
** WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate with the lender that finances your loan. Different loans may include other payable fees and charges. All fees and charges will always be displayed on your loan contract.