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Category: Taking Control

November 21, 2022
When applying for financial loans, it can be tempting to try to find the best bang for your buck and…

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The APR for an average loan of $3,000 over 18 months with a fixed interest rate of 29.95% (including applicable setup fees, our Repayment Waiver and third-party charges) is 35.9%. The interest rate is fixed at 29.95%. Fees and third-party charges may vary depending on the amount borrowed, the term of the loan and costs incurred. Example 1 – Representative example of a loan where the amount borrowed is $3,000 with our Repayment Waiver: interest rate is fixed at 29.95%. If the repayment time is 78 weeks, the instalment would be due weekly at $58.87 with a final payment of $58.72. Example 2 – Representative example of a loan where the amount borrowed is $1,500 with our Repayment Waiver: interest rate is fixed at 29.95%. If the repayment time is 52 weeks, the instalments would be due weekly at $44.83 with a final payment of $44.77. APR 56.7%. Minimum Repayment Time 3 Months / Maximum Repayment Time 3 Years. *Loan applications are subject to responsible lending checks and MoneyShop’s lending criteria.

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