LoanOne Personal Loan
This is the Annual Cost Rate, or Annual Percentage Rate (APR), as recognised by the Government.
It is the basic cost of your credit as a percentage of the total loan amount and is charged in arrears on the outstanding balance of your loan weekly, fortnightly or monthly, depending on your repayment schedule to the date your payment is due.
LoanOne will carefully weigh your income and expenses to ensure you can afford the loan
For a personal loan amount of $2,500 across a term of 12 months, the weekly repayment is $70.42 based on the establishment fee of $400 and interest of 48%.
We don’t charge an account keeping fee or early termination fee. The earlier you pay off the loan, the more interest you save.
Fees and charges will be clearly presented to you before you sign your contract.