Common features
All of our loan products include the following features:
- No application or establishment fees
- No ongoing account-keeping, statement or payment-processing fees
- No prepayment fees or prepayment penalties
- No mortgage over your home or other property
- Monthly, fortnightly and weekly payment options are available
Late payment, payment dishonour and other fees and charges may apply.
Our loans are available to qualified homeowners for loans above $1,000 ($20,000 in the case of loans with 180-month tenors) and subject to approval. Terms and conditions will apply and are subject to change without notice. Your home-improvement dealer may not offer all of our loan products to its customers.
No Interest No Payment Loans
We offer No Interest No Payment Loans with interest-free promotional periods from three to 24 months. No interest accrues, and no payments are required, during the promotional period. Thereafter, any remaining balance is payable in equal instalments over 60 to 144 months at fixed, competitive interest rates. You can prepay at any time, without penalty.
With Pay Deferred Interest Loans
We offer With Payment Deferred Interest Loans that are repayable in equal instalments over 120 months at fixed, competitive interest rates.
Each With Pay Deferred Interest Loan will have a promotional period from six to 24 months. If you pay off your loan in full during the promotional period and don’t miss any scheduled payments, all interest you pay during the promotional period will be refunded to you or credited to the principal of your loan.
Making only the minimum monthly payments will not be enough to repay your loan in full during the promotional period. But you may make additional payments at any time during the promotional period to repay your loan without penalty.
Equal Pay No Interest Loans
Our Equal Pay No Interest Loans offer a promotional period of 60 months and an overall term of 84 months (inclusive of the promotional period).
Your loan will be repayable in equal instalments over the 60-month promotional period, with no interest accruing.
If you become delinquent on your loan, interest will begin to accrue on your loan at a fixed interest rate, and fixed payments of principal and interest will be required over the remainder of the term of your loan to amortise it in full.
Equal Pay Low Interest Loans
Our Equal Pay Low Interest Loans offer a promotional period of 60 months and an overall term of 84 months (inclusive of the promotional period).
Your loan will be repayable in equal instalments over the 60-month promotional period, with interest accruing during the promotional period at a low fixed rate per annum.
If you become delinquent on your loan, interest will begin to accrue on your loan at a higher fixed interest rate, and fixed payments of principal and interest will be required over the remainder of the term of your loan to amortise it in full.
Standard Payment Factor Loans
Our Standard Loans offer repayment periods from 60 to 180 months at fixed, competitive interest rates.
All loans subject to approval. Terms and conditions apply and are subject to change without notice.
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