The fees, interest & costs applying to your loan and the rules applicable to them will be set out in detail in your loan agreement. They are also summarised on this page.
By taking a loan with us you may incur the following fees at the start of the loan:
This fee will be added to the initial unpaid balance at the start of your loan.
These are the only fees you need to incur (unless you default or request an optional service – see below).
*Returning Customer establishment fees are adjusted on a case-by-case basis and are calculated by previous repayment performance.
Our loans normally incur per annum interest in the following ranges (check your Loan Agreement for actual rate)
We may periodically offer reduced or 0% interest rates for limited loan terms to certain customers on certain terms.
*Returning Customer interest rates are adjusted on a case-by-case basis and are calculated by previous repayment performance.
The Establishment Fee and the Annual Interest Rate are the only costs of borrowing you need to incur unless you choose an optional service or default.
Refer below for further details on optional services and interest, fees & costs on default.
The following optional fees and default fees and costs may be charged to you:
* The Fast Payment Fee, Change Fee and Statement/Document Fee are optional services and the fees only apply if you request one and (in the case of the Statement/Document Fee) do not download it yourself from our website via your online logon – Note: not all statements and documents may be available via your online logon.
** The Repayment Waiver Fee is is an optional fee if you are able to supply a copy of your own third party Insurance details (This must contain an Income Protection Policy). For our mid or long-term unsecured loans, we must have a valid type of repayment waiver or income protection policy.
All other fees and costs above occur at various stages of default and will not be charged if you did not default.
Default interest is: