Secured Personal Loans
A secured loan is one where you (the borrower) grants us security over an asset (like a car or property) you own or intend to purchase using the funds from the loan security for the loan. Granting us security over your goods can help you borrow a larger amount and reduce the interest rate we offer.
Secured Personal Loan Interest Rates
Our Secured Personal Loan Rates range from 13.95% to 23.95% per annum.
Unsecured Personal Loans
An unsecured loan is when there’s no need for you (the borrower) to provide any collateral or security for a loan.
Unsecured Personal Loan Interest Rates
Our Unsecured Personal Loan Rates range from 13.95% to 29.95% per annum.
Personal Loan Credit Fees and Charges
The following credit fees and charges (which are not included in the Amount Financed) are, or may become, payable under, or in connection with, this Agreement. FNL may vary these fees and charges. Administration costs and fees payable on full prepayment are disclosed under the Full Prepayment heading.
- $215 Establishment fee
- $3.50 Third party correspondence and statement requests
- Third party costs – $10 administration charge
- Refund overpayment – lesser of $10 or account balance
- $95 loan variation
- $2.50 Monthly Service Fee
- $6.90 Personal Property Securities Register (PPSR) fee
Personal Loan Default Interest Charges and Default Fees
In the event of a default in payment and while the default continues you must pay the default interest charges. Default interest is payable in accordance with the Default Interest clause in the supplied Terms and Conditions at the greater rate of F + 5% per annum and 28% per annum where “F” = the Annual Interest Rate show above. In the event of a breach of the Agreement or on the enforcement of the Agreement, the default fees specified below are also payable. FNL may vary these fees and charges.
- $5 dishonour payment
- Written correspondence – $10 in each case