Fees & charges

humm will have interest rates but this will vary depending on the merchant partner. This will be fixed for the loan duration.

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

charged per draw