Our Loan Costs - CashDirect

Small Cash Loans
Centrelink Loans
About

Our Loan Rates and Terms.

For our Small Loans of $2,000 or less, an APR (Annual Percentage Rate) doesn’t apply. These are fee-based only, and so they don’t have an APR. The establishment fee is 20% of the amount borrowed and the monthly fee is 4% of the amount borrowed.

For example, a loan of $1,000 repaid over 4 months equates to a total payable of $1,360. This is comprised of $1,000
principal (the amount borrowed), $200 establishment fee, and a total of $160 in monthly fees. For our Medium Loans between $2,050 and $5,000, the Annual Percentage Rate (APR) is 35% and there is an Establishment Fee of $400.

Terms for our Small Loans are up to 3-6 months, and for our Medium loans, typically 12 months. With each, you can
repay your loan any time without being charged additional fees, and it will reduce your interest and fee cost overall.

Cash Direct Pty Ltd (ACN: 129 259 605; Australian Credit Licence 393862) is a specialist in providing cash loans to its customers when they need it