Costs - Quick Online Loans

What are my loan options?

These are typical fees charged by our partner lenders, actual fees and charges may vary.

Loan Amount

$500 - $2,000

Terms

3 months - 6 months

Costs

Most Small Personal Loan Providers charge up to 20% as an establishment fee upfront. You'll then pay a 4% monthly fee.

Examples

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.

Loan Amount

$2,100 - $4,600

Terms

13 months - 24 months

Costs

Annual Percentage Rate (APR) is 48%. Comparison Rate is 66.0347% P.A.

Examples

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.

Loan Amount

$5,000

Terms

13 months - 24 months

Costs

Annual Percentage Rate (APR) is 21.24%. Comparison Rate is 48% P.A.

Examples

Loan Amount of $5,000 over 24 months repayable weekly (104 weekly repayments). $5,000 (Principle Amount) + $2,616.96 (Interest) = $7,616.96 total repayable over 24 months with weekly installments of $73.24.

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.

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What are the possible costs of your personal loan?

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. Of course, all costs are subject to your individual lender.

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

Possible 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.

Possible Establishment Fees

An establishment fee is a once-off fee that you have to pay each time you take out a loan. Once you accept the terms and conditions of the loan contract you may 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!

Dishonour Fees

If you ever miss a loan repayment, you could be charged a dishonour fee. 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 payday so you don’t have to think about them.