¹All approvals are subject to responsible lending inquiries. If you sign your loan contracts before 3:00 pm on a weekday, you will receive the funds on the same day. While bank processing times differ, funds usually show up in your account by early evening.
²Annual Interest Rate (AIR) and Annual Percentage Rate (APR): Unsecured interest rates range from 13.90% p.a. to 23.90% p.a.
³Minimum and Maximum Repayment Terms: Repayment terms range from 1 year to 5 years.
⁴Fees: Where Lending People is the creditor, we charge a $174 establishment fee. Lending People does not charge a monthly fee or early repayment fee. A default fee of up to $95 may be charged at 31 days and at 61 days in arrears. Where another provider is the creditor, provider-specific establishment fees, monthly fees, early repayment fees and default fees may apply.
⁵Terms and Conditions: Our services are provided in accordance with our Application Terms & Conditions. A copy of our contract (Provided by MTF Finance) can be found here.
Representative Example of the Total Cost of a Loan: If you borrow $10,000 over a repayment term of 36 months at an AIR of 14.95% p.a., your total repayments will be $12,631.60 (made up of $10,000 principal, a $174 establishment fee, and interest charges of $2,457.60). This example is based on amortised scheduled weekly repayments with a fixed interest rate for the term of the loan.
