What interest rates and fees will be charged?

Our small loans (‘SACC’) of $500 to $2,000 include an upfront establishment fee of 20% of the amount borrowed, with a monthly maintenance fee of 4% of the amount borrowed. If you miss a payment, a dishonour fee will apply.  For example, a loan amount of $1000 over 26 weeks has fees and charges totalling $440, consisting of a $200 establishment fee ($1000 x 20%) and maintenance fees of $240 (6 months x 4% x $1000). $1440 total repayable in 13 fortnightly instalments of $110.77. 

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 $2500 over 30 weeks has fees and interest totalling $831.80 consisting of a $400 establishment fee and interest of $431.80. $3,331.80 total repayable in 15 fortnightly instalments of $223.