This is set between 11.97% and 29.97% depending on your client rating. This is our own unique system that looks at hundreds of pieces of data to reward safer borrowers and give them a lower annual interest rate. The interest is always fixed for the life of the loan so you know how much you have to repay before you sign the loan contract.

We promise to NEVER charge a fee for early repayment. When you customise your loan using our sliders, you can choose how much you want to repay each week, fortnight or month. Unlike a lot of lenders we encourage you to pay as much as you can reasonably afford, because you will save on interest and get the loan paid off sooner.

This is the fee for receiving, processing and advancing your loan. It’s a one off fee that applies to all personal loans (both new loans and refinances). It is included in your repayments.
Loans of $200-$499: $134.
Loans of $500-$999: $234.
Loans of $1000-$20,000: $334

This is the fee charged to cover the costs of administering your loan. It includes the processing of payments, all customer enquiries and updates, provision of balances and regular statements. It is $3.96 per week, but only charged while your loan is active.

This is only payable if your loan is in default. It is payable daily, but charged weekly. The default fee covers the costs to the company for loans that are a higher risk, due to being in arrears and is $0.97 per day while the loan is in arrears.

Please note that if you default on your loan we do have a credit control process that uses SMS, phone calls, emails and letters to contact you, and these activities will incur further charges. Each loan is different and your loan contract will clearly outline any potential costs involved with being in default.

This is the default interest rate for the portion of your loan that is in default. The Annual Interest Rate for the default interest is 9.95%, however this is not charged on the total balance of the loan, only the balance in arrears.

We want to give you as much control as possible with your loan, but we do have some minimum requirements to ensure that every loan meets our responsible lending criteria. We will run through this with you when you apply, but things such as our minimum loan term of six months and minimum repayment amount of $20 per week are there to protect borrowers, so we may ask that you increase the repayment amount or extend the loan term from your initial application. This is always done before your loan is approved and will be shown in your loan contract before you need to sign it. If you’ve got any questions you can always call us on 0800 543 718 to discuss your unique circumstances.

Our fees are reviewed annually and we do everything we can to reduce them as often as possible, so some older loans may have different fees to those above. However your loan contract will outline the fees applicable to your specific loan.