Loan Costs
A cash loan can be used to cover an unusual spike in expenses or an unusual shortfall in income. When you have repaid loans in full and on time, we will normally be able to provide another loan when requested. As responsible lenders, we always assess your circumstances for each loan.
| Loan amounts | $500 - $2,000 |
| Terms | 6 to 12 Months |
| Costs | 20% upfront establishment fee + 4% monthly fee |
| Example | Loan Amount of $1,000 over 6 months repayable weekly (25 weekly repayments). $1,000 (Principal Amount) + $200 (20% Establishment Fee) + $240 (fees based on 4% per month over 25 weeks) = $1,440 total repayable in 25 weekly installments of $57.60. |
| Loan amounts | $2100 - $4600 |
| Terms | 12 to 24 Months |
| Costs | Annual Percentage Rate (APR) is 48%. Comparison Rate is 66.0347% P.A. |
| Example | Loan Amount of $3,000 over 18 months repayable weekly (78 weekly repayments). $3,000 (Principle Amount) + $400 (Establishment Fee) + $1,379.06 (reducing interest) = $4,779.06 total repayable over 18 months with weekly installments of $61.27.
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. |
| Loan amounts | $5,000 - $10,000 |
| Terms | 12 Months - 36 Months |
| Costs | Annual Percentage Rate (APR) is 21.24%. Comparison Rate is 48% P.A. |
| Example | Loan Amount of $10,000 over 24 months repayable weekly (104 weekly repayments). $10,000 (Principle Amount) + $5,577.12 (Interest) = $15,577.12 total repayable over 24 months with weekly installments of $149.78.
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. |
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