What interest rates and fees will be charged?
Our small loans ('SACC') of $500 to $2,000 incur a 20% establishment fee and a monthly maitenance fee of 4% per month.
Our medium loans (‘MACC’) of $2,001 to $5,000 incur a $400 establishment fee and interest at 48% per annum.
If you miss a payment, a dishonour fee will apply.
For example, a loan amount of $4500 over 52 weeks has fees and interest totalling $1,687.14 consisting of a $400 establishment fee and interest of $1,287.14. $6,187.14 total repayable in 52 weekly instalments of $118.98.