Customer fees and charges will vary by merchant. Below are customer applicable fees and charges:
- Interest rate on the loan amount fixed for the loan duration
- Establishment fee charged at the start of the loan
- Monthly loan fee charged monthly on the recurring repayment date whilst the loan contract is still open
- Late payment fee $20 only charged if there is a missed payment
- Progress draw fee may be charged per draw
- If the contract is a Low Cost Credit Contract, no interest will be charged and fee caps will apply.
Merchants will only be charged merchant service fee per purchase.
