Our annual interest rates range from 13.95% to 24.95% depending on your credit score/profile.

The key things that we look for in assessing what interest rate you will get is: work history, residential status, income & expenses, the type of security the loan is secured on, your assets and liabilities, credit history and any special circumstances.

Establishment Fees

Consumer Loans

• Loan $0 to $399 establishment fee $125
• Loan $400 to $499 establishment fee $150
• Loan $500 to $599 establishment fee $165
• Loan $600 to $799 establishment fee $195
• Loan $800 to $999 establishment fee $230
• Loan $1,000 to $1,499 establishment fee $275
• Loan $1,500 to $1,999 establishment fee $295
• Loan $2,000 to $2,999 establishment fee $325
• Loan $3,000 to $4,999 establishment fee $350
• Loan $5,000 to $9,999 establishment fee $450
• Loan $10,000 to $19,999 establishment fee $495
• Loan $20,000+ establishment fee $595

Business Loans

• Loan establishment fee $595

Credit Fees

Account Administrative Fee – An account administration fee of $2.80 per week or $12 per month also applies for all active loans.

Mortgages and Mobile Lending

• Mortgage fee – $495 to register a mortgage or caveat. This includes discharging the mortgage at the end of the loan. The fee to discharge or register a mortgage or caveat as a one-off transaction is $250.
• Mortgage Refinance Fee – $75 if we already hold a mortgage or caveat and you wish to refinance.
• Inspection Fees and Home Sign up – If an agent is needed to inspect the collateral or you have opted for an agent to visit in order to sign your loan agreement $50-$95.

Other Fees and Charges To Change the Loan Contract

• Security Variation Fee – A security variation fee up to $150 to change the collateral on an existing loan. e.g. car.
• Loan withdrawal/variation Fee – up to $95 to $250 per additional advance made to you dependent on the size of the advance and the number of borrowers and the collateral types.
• Refund Fee – to refund an over payment is up to $50.
• Statement Fee – $10 per statement per additional statement (no charge for regular statements).

Collection Charges

• Default Fees – Default fees are generally 10% points higher than your annual borrowing rate for any outstanding unpaid amount. There is also a daily default fee of $2.00 for every day you are in arrears. Generally, there is a grace period of 2 to 5 business days before default fees commence but if the arrears are not paid within the grace period then the fees are backdated to the first day of default.
• Other Default Related Charges – Reminder letters sent in relation to payment defaults or contract breaches are $15.00 and telephone/text message calls are $10.00. If an agent is required to visit due to contract breaches, the fee depends on the circumstances of the breach and is based on actual time/costs. Other enforcement costs which we incur may be added to your account.
• Credit Monitor Fee – If we receive a credit monitor advice from a credit reporter then a fee of $10 will be charged to your account.
• Repossession Letters – Repossession warning letters are charged at $50 per letter plus any disbursement costs for serving the letters.
• Recovery Costs – Actual enforcement costs may be added to your loan account. Also our time may be included based on our time incurred.

Early Settlement Fees

• Refer to your loan contract. An early settlement fee may apply to your loan if you wish to pay it off.