Loan Cost Summary

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Personal Loan

A Medium Amount Credit Contract (MACC) is a one off personal loan with a fixed interest rate and repayment structure. You can borrow from $2,001 to $5,000.

A fixed interest rate of 47.8% annually will apply (Comparison rate 65.6%*).

* The comparison rate is based on a $2,500 loan over two years.

WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.

Example:

A $2,001 MACC with a repayment term of 12 months will cost a total of $955.06.