What interest rates and fees will be charged?

Small Amount Credit Contracts (SACC) – $500 to $2,000

• 20% establishment fee (calculated on the loan amount)

• 4% monthly maintenance fee (calculated on the loan amount for the term of the loan)

Medium Amount Credit Contracts (MACC) – $2,001 to $5,000

• $400 establishment fee

• 48% per annum interest, calculated on the loan amount

Example (MACC Loan)

For example, a loan of $4,500 over 52 weeks:

• $400 establishment fee

• $1,287.14 interest

• Total fees and interest: $1,687.14

• Total amount repayable: $6,187.14

• Repayable in 52 weekly instalments of $118.98

Large Amount Credit Contracts (LACC) – $5,001 to $10,000

Our LACC (Large Amount Credit Contract) loans from $5,001 to $10,000 include:

• An upfront establishment fee between $275 and $985, depending on the loan amount and selected term

• A monthly maintenance fee, of $29

• A fixed interest rate between 19.90% and 27.90% per annum, depending on the loan amount and selected term

Available loan terms:

• 18 months

• 24 months

• 36 months

The exact fees, interest rate and repayment amounts will be disclosed in your loan contract before you enter into the agreement.

Example (LACC Loan)

Loan amount of $10,000 over 156 weeks (36 months):

• $10,000 principal

• $985 establishment fee

• $1,044.00 monthly maintenance fees

• $3,424.80 interest (calculated on a reducing balance)

Total amount repayable: $15,453.80
Repayable in 156 weekly instalments of $98.91