Loan fees
Some or all of the following fees are payable at loan commencement, these may be added to the amount you borrow:
Loan establishment fee
A one-off set up fee for your loan.
From $100 to $220 depending on amount of new money borrowed.
Digital ID Verification Fee
A per verification charge through a 3rd party where we meet face to face
$2.55 per person
Digital & Biometric ID Verification Fee
A per verification charge through a 3rd party where the loan is transacted remotely.
$7.70 per person
Security Registration fees
For secured loans where we register an interest in Personal Property items provided as security
$8.05
Administration Fee
A fee payable on each instalment due date of your loan
$3 (per instalment)
Credit and Default fees
Default or other fees that can arise during the course of a loan are shown in our full fee schedule.
Loan Example:
The amount repayable of your loan is made up of your interest rate, plus fees. For example, if borrowing $10,000 repayable over 3 years at an interest rate of 29.95% you would be required to make 156 weekly instalments of $102.54. This repayment is made up of interest, an establishment fee of $220, an ID verification fee of $7.70 and an administration fee of $3.00 per instalment.
Total interest would be $5,300.54 with total fees of $695.7 making the total payable over the full term $15,996.24.