It’s good to know exactly what you’re up for when you take out a personal loan. At Easy Financing we want to make sure you know exactly what your loan costs are. Use our calculator below to see. You can choose for your repayments to be weekly, fortnightly or monthly.
ABOUT OUR COSTS
When you apply for a loan, there are a few loan costs that you should be aware of before signing your contract. There are two types of loans you can apply for. Loans under $2000 are small amount loans. Loans over $2000 and under $5000 are medium amount loans.
When it comes time to putting together a repayment schedule, we make sure we work with our customers to make sure that we put together a repayment schedule that suits your budget. The calculator above will help provide you with an indication of your repayments. You can nominate in your application how often you’d like to make your repayments and how long you’d like the term of your loan to be.
We have also made repaying your loan easy by setting up direct debits so you can make sure that you never miss a payment. Repayments can also be made directly from your employer from your salary. If you any reason, you can’t make a payment on the due date, you need to contact us as soon as possible.
You can always make extra payments at any time and there are no fees to paying you loan out early.
Once you receive your login details you will also be able to view your repayment schedule and your payment history.
SMALL AMOUNT LOAN
If you borrow between $300 and $2,000:
LOAN COSTS
- Monthly Admin cost – up to 4% of the principal amount
- Early payout cost – nil
FEES THAT MAY APPLY
- Late payment Fee – $15
- Default Fee – $35
MEDIUM AMOUNT LOAN
If you borrow between $2,001 and $5,000:
LOAN COSTS
- One off establishment cost – up to $400
- Monthly Admin cost – Up to 4% of the principal amount
- Early payout cost – nil
FEES THAT MAY APPLY
- Late payment Fee – $15
- Default Fee – $35