Comparison Rate Schedule
| Loan Amount | Loan term | Comparison Rate p.a. | Annual Percentage Rate |
|---|---|---|---|
| $2,500(secured) | 2 years | 66.0347% | 48.00% |
WARNING:
This Comparison Rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the Comparison Rate but may influence the cost of the loan.
Loan Cost
Interest: 4% per month
Establishment fee: $400 (capitalised)
Charges may become payable
Payment Dishonour Fee: $25 for each payment dishonoured
Late Fee: $50 for any installment is not paid in full within 5 days following its scheduled due date.
Enforcement expenses (legal action cost at the event of default)