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.
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.
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.
Free loan - 0%
Express loan - 29.9% - 49.9%
Fixed rate for the term of the loan
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
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
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