What Does It Cost?

The repayment fees are set in accordance with Australian Government regulations and are calculated depending on your loan amount.

Due to their short term nature, cash loans (microloans) have a much higher effective interest rate than you may have seen in other types of loans. Don’t panic about this!
The effective interest rate is a measure of the total loan cost if you were to take the loan out over one year and expressed as a percentage (Annual Percentage Rate, or APR).
As our loans are for short-term assistance the actual interest rate is not this high.
Payday lenders are required by ASIC to use the APR as a standard by which you can compare the different rates available. We adhere strictly to government regulations and guidelines and make sure the APR is stated clearly on the Confirmation Page – before you submit your application.

Comparison Rate for a $250 loan over 2 weeks = 428.85%

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. Credit fees and charges apply.

Rates Table

Repayable Amount
Loan Amount Establishment Fee Monthly Fee 16 Days 30 Days 32 Days
$100 20% 4% $124
$200 20% 4% $248
$300 20% 4% $372
$400 20% 4% $496 $512
$500 20% 4% $620 $640
$600 20% 4% $744 $768
$700 20% 4% $868 $896
$800 20% 4% $992 $1024
$900 20% 4% $1116 $1152
$1000 20% 4% $1240 $1280

Fees & Charges

These are the ordinary fees and charges associated with the application and repayment process:

Ezi Debit Transaction Fee $1.25 per Instance

Collection Fees

In the event that you default or reschedule your repayments, some or all of the following fees are applicable:

Dishonoured Payment Fee $38.50 per Instance
Missed Payment Fee $38.50 Once-Off Fee
Collection Transfer $47.00 Once-Off Fee
Default Notice/Letter $10.00 Each (applied at 7, 14, 21 & 30 days)
Debt Management Fee $50.00 Once-Off Fee