Our interest rates are as follows, with interest (default interest) charged to the Consumer Credit facility every 7 days irrespective of weekly, fortnightly or monthly loan payments. Further clarification is detailed under loan contract ‘Method of Charging Interest’ in the ‘Standard Form Contract’.
Please note that NO penalty interest rates will apply to any overdue loan payments on all NEW LOANS / LOAN REFINANCES completed on or after 11 February 2020.
Our establishment and monthly account fees are as follows:
Our default fees are as follows:
In addition, a weekly default fee of $14.00 is charged to your loan account.
Fees effective for all new / refinanced loans completed 1 April 2020 onwards.