Loan Costs
Understanding Our Costs
Be aware of the loan costs before signing your contract.
Loans under $2,000 are termed as Small Amount Loans
We ensure we work with our customers to create a repayment schedule that suits your budget. In your application, you can specify how often you’d like to make your repayments and the desired term of your loan.
We have also made repaying your loan easy by setting up direct debits, ensuring you never miss a payment. Repayments can also be made directly from your salary by your employer. If for any reason, you can’t make a payment on the due date, contact us as soon as possible. You are welcome to make extra payments, and there are no fees or penalties for paying your loan out early.
Using your account member login details, you will also be able to view your repayment schedule payment history.
Small Amount Loan
If you borrow between $300 and $2,000:
Loan Costs
- Establishment Fee – 18% of the principal amount
- Monthly Admin cost – up to 4% of the principal amount
- Early payout cost – nil
Fees That May Apply
- Late Payment Fee – $15
- Default Fee – $35
Medium Amount Loan
If you borrow between $2,001 and $5,000:
Loan Costs
- One-off establishment cost – up to $400
- Monthly Admin cost – up to 4% of the principal amount
- Early payout cost – nil
Fees That May Apply
- Late Payment Fee – $15
- Default Fee – $35