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$300 - $2,000
Minimum 3 Months - Maximum 12 Months
20% upfront establishment fee + 4% monthly fee
In APR terms, the maximum annual percentage rate on these SACC loans between $300 and $2000 is 199.43%
Loan Amount of $1,000 over 6 months repayable weekly (25 weekly repayments). $1,000 (Principal Amount) + $200 (20% Establishment Fee) + $240 (fees based on 4% per month over 25 weeks) = $1,440 total repayable in 25 weekly installments of $57.60.
$2,001 - $5,000
Minimum 13 months - Maximum 24 months
Maximum 48% annual percentage rate (APR)
67.41% comparison rate p.a.
In APR terms, the maximum annual percentage rate on these loans between $2001 and $5000 is 48%
Based on a Loan Amount of $3,000 over 18 months repayable weekly (78 weekly repayments). $3,000 (Principle Amount) + $400 (Establishment Fee) + $1,379.06 (reducing interest) = $4,779.06 total repayable over 18 months with weekly installments of $61.27.
$5,001 - $15,000
Minimum 13 months - Maximum 72 months
Minimum 5.75% - Maxmimum 48% annual percentage rate (APR)
6.47% - 48% comparison rate p.a.
In APR terms, the maximum annual percentage rate on these loans between $5001 and $15000 is 48%
Based on Loan Amount of $10,000 over 24 months repayable weekly (104 weekly repayments). $10,000 (Principle Amount) + $5,577.12 (Interest) = $15,577.12 total repayable over 24 months with weekly installments of $149.78.