What to expect from us
Every cost shown first
You see the amount, the fee, the repayments and the total before you apply, and again before you sign.
Repayments timed to your pay
Weekly, fortnightly or monthly, starting at least 7 days after the loan is paid.
A person reviews it
A person checks every application, including whether the loan suits you.
No early repayment fee
Repay early at any time and you pay less interest.
How much you borrow in total
The $400 establishment fee is added to the cash you choose. Use the calculator for the repayments.
| Cash you receive | Total borrowed, with the fee |
|---|---|
| $2,500 | $2,900 |
| $3,000 | $3,400 |
| $4,000 | $4,400 |
| $4,600 | $5,000 |
How the loan works
It’s the same loan whatever you use it for. Your offer and contract show your exact figures before you accept.
| Feature | What it means |
|---|---|
| What you can borrow | $2,050 to $4,600 in cash, in $50 steps |
| Establishment fee | $400, added to the loan, so the total stays within $5,000 |
| Length | 3 or 6 months |
| Repayments | The same amount each time, weekly, fortnightly or monthly, timed to your pay. The first is at least 7 days after the loan is paid. |
| Interest | A fixed rate, charged only on what you still owe |
| Paying early | Allowed at any time, with no early repayment fee |
| Security | None. The loan is unsecured |
| How you get the money | Paid into your own Australian bank account, if you’re approved and accept |
When this loan isn’t the right fit
- More than $4,600 in cash, or a loan of $2,000 or less.
- A credit card or a line of credit.
- Everyday bills or living costs that keep coming back.
- Paying off other loans or debts.
- Anything for a business, investing or gambling.
- If the repayments would leave you short for essentials. Free, confidential help is available from the National Debt Helpline on 1800 007 007.
Questions
Is it secured?
No. It’s an unsecured personal loan, so nothing you own is used as security.
Why does it stop at $4,600?
The $400 fee is added to your cash, so $4,600 in cash keeps the total at $5,000, the top of the medium amount range.
What can I use it for?
One-off personal or household costs, such as car repairs, medical or vet bills, a rental bond, moving, appliances, home repairs, education, travel, a wedding, gifts or a funeral.
Can I pay it off early?
Yes. You can repay early at any time, with no early repayment fee. You only pay interest for the time you have the money.