02 OCTOBER 2020
We have been crunching the numbers and making sure we comply with new legislation to bring you our lowest interest rates yet!
That means that you can apply for a new loan with Superloans and receive our lowest rates straight away. You will still be earning Superscore points and the higher your Superscore the lower your rate is, your starting rate is just lower than all our rates have ever been. You can save up to 66% interest on your loan overall.
Making sure you only borrow what you need at the time is important, we will ask you what you need the loan for and how much you want to borrow and then assess your application accordingly. Whether you need to borrow a small amount from us (our express loans start at $300) or a larger amount (going up to $10,000) we have new rates for you.
If you are in need of a small loan to help see you through whatever life has thrown at you, check out the comparison below for a $500 loan.
Example for a $500 loan before in comparison to now.
This example is for a 13 week term, if you choose to repay over a longer term interest will vary just as it will if you repay the loan quicker than 13 weeks.
Previously on a $500 loan the interest rate was at 149% per annum, you would be paying back $780 over 13 weeks
Now, if you borrow $500 the rate is 49.9% and you pay back $691 over 13 weeks. That is a 66% saving on interest!
If you are going to apply for more than $500, a family holiday might be on the horizon? If your Superscore has reached the top you can apply for up to $10,000. Take a look the comparison below of our $10,000 loan.
Example for a $10,000 loan before in comparison to now.
This example is for a 52 week (1 year) term, if you choose to repay over a longer term interest will vary just as it will if you repay the loan quicker than 52 weeks.
Previously on a $10,000 loan the interest rate was at 54% per annum, you would have paid back a total of $13,260 over 52 weeks.
If you were to take out a $10,000 loan now, the interest rate is at 29.9% per annum, costing a total of $11,982 over 52 weeks, saving you 44% interest!
Just remember that you should only borrow what you need, and we will only approve you for an amount you can pay back from the information you provide us with.
Whether you are needing some cash for an unexpected bill, or you want to treat you and your family to a holiday (locally of course), we have options for you.
So if you want to take advantage of our new rates then head to your MySuperloans app to find your Superscore and apply for what you need to get you sorted.