SPEEDLE SMALL LOANS
General specifications:
- Minimum loan amount: $ 500
- Maximum loan amount: $ 2,000
- Minimum repayment period: 1 month
- Maximum repayment period: 12 months
Interest, Fees and changes:
- Establishment Fee 20% of original loan amount
- Monthly Fee: 4% per month of the original loan amount
- Overdue Account Fee: Zero
- Early Repayment Fee: Zero
- Dishonour Fee: $10 but if you call us before, we’ll waive it.
Other specifications:
- Repayment frequency: Weekly or fortnightly
- Redraw: Not available
- Early repayment permitted: Yes
SPEEDLE MEDIUM LOANS
General specifications:
- Minimum loan amount: $ 2,001
- Maximum loan amount: $ 5,000
- Minimum repayment period: 1 month
- Maximum repayment period: 12 months
Interest, Fees and changes:
- Establishment Fee $400
- Interest (APR): 47.8%
- Overdue Account Fee: Zero
- Early Repayment Fee: Zero
- Dishonour Fee: $10 but if you call us before, we’ll waive it.
Other specifications:
- Repayment frequency: Weekly or fortnightly or monthly
- Redraw: Not available
- Early repayment permitted: Yes
APR
- An annual percentage rate (APR) does not apply to Small Loans.
- Medium Loans have an APR of 47.8% p.a. The comparison rate for a Medium Loan of $3,000 over 52 weeks with a $400 Establishment Fee is 79.17% p.a.
- WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.
