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What does a loan cost?

At Superloans, transparency is at the heart of our service. We are up front about the costs and fees that are included in your loan.

No surprises

We will make sure that you know what you are signing up for, that is why there are no hidden costs, no sneaky fees and no surprises. Whether you are taking out your first interest-free loan or express loan, we are up front about associated costs. When you take out a loan with Superloans, we talk through your agreement in plain English as you go through the application process.

We're responsible

For Superloans, it is a simple part of being a responsible lender, and we take that seriously. Offering safe and affordable credit begins with being open about the costs associated with borrowing.

Financial responsibility starts with understanding the costs of borrowing money – and we encourage you to reach out and contact us if you have questions about the costs and fees that are included in your personal loan.

Interest rates

Free loan - 0%

Express loan - 29.9% - 49.9%

Fixed rate for the term of the loan

Free Loan fees

Establishment fee - $0

 One time set up fee

Admin fee - $0

Charged per week and applied to the loan per pay period

Direct debit fee - $0

Charged each repayment, on the day of the payment

Express loan fees

Establishment fee - $49 - $149

One time set up fee

Admin fee - $3

Charged per week, applied to the loan each pay period

Direct debit fee - $1

Charged each repayment, or attempted payment

Fees we may charge

Dishonoured payment fee - $19

Charged per default. Applied to the loan on the third day, following the default if not rectified.

Contract variation fee - $19

Charged for a change made to the loan by arrangement

Early repayment - $19

If you repay your loan before the last scheduled repayment

Express loan agreement

Click for a example of our Express loan contract