Interest rates

Instant Finance provides loans at an annual interest rate from 19.95% to 29.95% per annum.
The rate that applies to your loan will be based on a range of factors including your circumstances, credit history with us or others, the security you can provide and the loan amount.

Once set, our interest rate is fixed for the term of your loan.

Default interest rate

If you get behind in your loan repayments, then we may charge a default interest rate on any overdue loan payments, while they are unpaid. The Default rate that we charge is 10% per annum above the Interest Rate that normally applies to your loan.

Loan terms

Loan terms are normally over a maximum term of three years.

Full Fee Schedule

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Example:

A $10,000 loan repayable over 3 years at an interest rate of 29.95% would require 156 weekly instalments of $102.93

An establishment fee of $370 and administration fee of $2 per instalment ($312 for the term) would apply.

Total interest would be $5,375.08 with total fees of $682 making the total payable over the full term $16,057.08.

The APR inclusive of fees is 34.37%pa.