faq

Foire aux questions

Loan Details


General

  • No monthly account keeping fees
  • Use your money your way by making extra repayments without penalty and redraw your money as you need it
  • Pay your loan our early without penalty
  • Borrow from $1,000 to $30,000 with loan terms from 1 to 5 years
  • $10 membership fee applies (refunded on closure of account)
Acceptible Products covered by Credit Card Cutter
  • Credit cards and store cads
  • Personal loans accepted on case-by-case bases




Fees and Charges


Additional fees may also apply. Please refer to your lender for a schedule of fees and charges.

  • New application fee $195
  • $0 monthly and $0 annual fees
  • Redraw fees may apply
  • $10 membership fee applies (refunded upon closure of account)




Eligibility


You can apply if you:

  • Are over 18 years of age
  • Have a regular income
  • Are not bankrupt
  • Are an Australian citizen, a permanent resident or have an approved working Visa
  • Have not had defaults on any Loans, Credit cards, Interest free finance or Store cards in the last 5 years
  • Have been in your current job longer than 6 months
What you may need to apply:
  • Your personal details, such as your current and previous address, phone number and email address
  • Details of your income, employment, any assets (e.g. home, car or savings) and debts (mortgages, loans and credit cards) you currently have.
Self employed
  • Full documentation applicants acceptable.
Home Owner Special
  • You or your spouse must be an owner of a residential owner occupied or investment property in Australia




Comparison Rate Explained


The comparison rate is ASIC's standard for comparing loans of $30K over 5 years. Comparison rates may not be the best way to compare the value of loan options which are for different amounts and terms.