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AIR - Annual Interest Rate
Our AIRs range from 502% to 602%pa or approx 1.38% to 1.65% per day.

Implications of Non-payment
To avoid additional costs please repay your loan according to agreed terms, however where a non-payment (or other default) occurs the following applies:

Fees - A fee of $50 applies to each missed or failed payment, a fee of $10 for each reminder letter & a fee of $10 for each week you remain in default
(Other fees and charges may apply where we do an assignment of wages, refer your loan to a collection agency, lodge a default with a credit agency or engage a lawyer - refer here for further details)
Default Interest - applies to any overdue amount at 109.5% per annum
Collection practices - We undertake to manage collection of our loans in accordance with legal requirements and industry standards and will promptly contact you should you miss a payment date.
Credit Score implications - A repaid loan in accordance with agreed terms should positively influence your credit score. However when a missed payment, failed payment or unpaid loan occurs this is likely to negatively impact on your credit score.
Renewal policy - Renewals are available on loans (other than your first loan) where your past payment history is satisfactory to us and are subject to our discretion. Renewals are not automatic. A fee of $15 applies.

Click here for further information on our loans.