Loan examples
Personal loan examples
Small loans
Loan amount: $300 – $2,000
Term: 16 days (min) – 12 months (max)
Cost: 20% upfront establishment fee + 4% monthly fee
Example: Based on a loan of $1,000 over 6 months a borrower can expect to pay a total of $1,440
Medium loans
Loan amount: $2,001 – $5,000
Term: 13 months (min) – 24 months (max)
Cost: 48% annual percentage rate . 66.07% comparison rate p.a
Example: Based on a loan of $2,500 over 24 months a borrower can expect to pay a total of $4,564.80
Larger loans
Loan amount: $5,001 – $15,000
Term: 13 months (min) – 36 months (max)
Cost: 48% annual percentage rate . 66.07% comparison rate p.a
Example: Based on a loan of $10,000 over 36 months a borrower can expect to pay a total of $19,038.96
Small loans
Loan amount: $300 – $2,000
Term: 16 days (min) – 12 months (max)
Cost: 20% upfront establishment fee + 4% monthly fee
Example: Based on a loan of $1,000 over 6 months a borrower can expect to pay a total of $1,440
Medium loans
Loan amount: $2,001 – $5,000
Term: 113 months (min) – 24 months (max)
Cost: 48% annual percentage rate . 66.07% comparison rate p.a
Example: Based on a loan of $2,500 over 24 months a borrower can expect to pay a total of $4,564.80
Larger loans
Loan amount: $5,001 – $15,000
Term: 13 months (min) – 36 months (max)
Cost: 48% annual percentage rate . 66.07% comparison rate p.a
Example: Based on a loan of $10,000 over 36 months a borrower can expect to pay a total of $19,038.96