How Much Does it Cost?
The costs are straight forward and split up into 2 components:
- Establishment Fee:
- ● 20% of the loan amount
- Monthly fees:
- ● 4% of the loan amount per month
- Late Fees that may apply:
- ● Dishonoured Payment Fee: $20
What happens if I can’t repay on time?
Importantly, contact us as soon as you realise you may have difficulty repaying us on time. There are additional charges that may be payable on outstanding balances.
What time of day is the direct debit?
Direct debits usually occur overnight or pursuant to your banks processes. We’ll usually try to schedule your repayment the day your salary or benefit is credited to your bank account.