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Small loan cost table (3 column) v1

Small loansMedium loans
Minimum loan amount$100$2,001
Maximum loan amount2,000$5,000
Minimum loan term16 days16 days
Maximum loan term12 months24 months
Repayment scheduleWeekly, fortnightly or monthlyWeekly, fortnightly or monthly
Establishment feeUp to 20% of your loan amountUp to $400
InterestN/AUp to 48.00% p.a.
Monthly feeUp to 4% of your loan amountIncluded in the 48.00% p.a. maximum
Example loan$1,500 loan over six months repaid fortnightly

Costs: $1,500 (loan amount) + $300 (establishment fee) + $360 (4% fees over six months)

Total cost: $2,160, repayable in instalments of $167 per fortnight
$3,000 loan over 12 months repaid fortnightly

Costs: $3,000 (loan amount) + $400 (establishment fee) + $912 (total interest over 12 months)

Total costs: $4,312, repayable in instalments of $166 per fortnight
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