UNDERSTANDING OUR COSTS

There are a loan costs that you should be aware of before signing your contract.

Loans under $2,000 are called Small Amount Loans

We make sure we work with our customers to create a repayment schedule that suits your budget. You can nominate in your application how often you’d like to make your repayments and how long you’d like the term of your loan to be.​

We have also made repaying your loan easy, by setting up direct debits so you can make sure that you never miss a payment. Repayments can also be made directly from your employer from your salary. If for any reason, you can’t make a payment on the due date, you need to 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 and your 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 $2001 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