Secure, Quick Online Loans

$500 $5000
$2000
Adjust the above slider to your desired loan amount
Weekly
Fortnightly
Monthly
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The maximum you will be charged is a flat 20% Establishment Fee and a flat 4% Monthly Fee. The maximum comparison rate on loans between $300 and $2000 is 199.43%. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate with the lender that finances your loan. Click here to see a worked example.

The Interest Rate for Secured Medium Loans is 48%. Maximum Comparison Rate is 67.41% p.a. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate with the lender that finances your loan. Click here to see a worked example.

The Interest Rate for Secured Large Amount Loans is 21.24%. Maximum Comparison Rate is 48% p.a. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate with the lender that finances your loan. Click here to see a worked example.


What does a personal loan cost

Perhaps the biggest question in everyone’s mind when considering getting a personal loan is what it will cost. How much interest will you be lumped with? Will it be sky high, or is a personal loan something you could afford.

Instead of leaving you to muddle through lengthy contracts, we’ve laid out all the costs you can expect right here. We’ve also included a few key terms that you’ll want to get to grips with.

Questions? Head over to our contact page and fire them at us!

  • Establishment Fees

    An establishment fee is a once-off fee that you have pay each time you take out a loan. Once you accept the terms and conditions of the loan contract you’ll have to pay an establishment fee. This will usually be 20% of the amount you want to borrow. You may be able to pay it off over your first few payments - please make sure you check what your lender’s terms are!

  • Monthly Fees

    You are typically charged per month of the loan term. You can expect to pay around 4% of the principal loan amount. Remember, the principal amount is the amount you need to borrow, before fees, interest and charges are added on.

  • Dishonour Fees

    If you ever miss a loan repayment, you will be charged between $25 - $35. Yikes! Make sure you make those repayments on time, or get your lender to set up a direct debit so the repayments come out on or just after pay day so you don’t have to think about them..

And that’s it - let’s dive into some examples and loan terms.

How much do personal loans cost?


Example of how small personal loans work

Loan amount

$500 minimum
$2,000 maximum

Costs

Most small personal loan providers charge up to 20% as an establishment fee upfront. You’ll then pay a 4% monthly fee.

Under the current legislation, most small personal loan providers don’t charge an annual interest rate (you’ll know this as an APR) %.

In APR terms, the maximum annual percentage rate on our loans between $300 and $2000 is 199.43%.

Terms

3
months minumum
6
months maximum

Example:

Loan Amount of $1,000 over 6 months repayable weekly (25 weekly repayments). $1,000 (Principal Amount) + $200 (20% Establishment Fee) + $240 (fees based on 4% per month over 25 weeks) = $1,440 total repayable in 25 weekly installments of $57.60.

WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate


Example of how medium secured personal loans work

Loan amount

$2,100 minimum
$4,600 maximum

Costs

Annual Percentage Rate (APR) is 48% Comparison rate is 66.0347% p.a.

Terms

13
months minumum
24
months maximum

Example:

Loan Amount of $3,000 over 18 months repayable weekly (78 weekly repayments). $3,000 (Principle Amount) + $400 (Establishment Fee) + $1,379.06 (reducing interest) = $4,779.06 total repayable over 18 months with weekly installments of $61.27.

WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate


Example of how large secured personal loans work

Loan amount

$5,000

Costs

Annual Percentage Rate (APR) is 21.24% Comparison rate is 48% p.a.

Terms

13
months minumum
24
months maximum

Example:

Loan Amount of $10,000 over 24 months repayable weekly (104 weekly repayments). $10,000 (Principle Amount) + $5,577.12 (Interest) = $15,577.12 total repayable over 24 months with weekly installments of $149.78.

WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate