REDUCING BALANCE/ DECLINING BALANCE EQUAL INSTALMENTS LOANS View EAIR FAQ
“EAIR” means “effective annual interest rate”. All commercial banks, merchant banks and building societies are required to disclose this rate, irrespective of any other interest rate used.
The presentation of interest rates using the EAIR will not change our clients’ weekly/fortnightly/monthly repayments.
|
PRODUCT SUITE |
APPLICABLE INTEREST RATES |
| Biz Start | 25% – 35% (APR|EAIR) |
| Biz Start Small Business | 10% (APR|EAIR) |
| Biz Grow | 15% – 25% (APR|EAIR) |
| Biz Grow Plus | 12% – 25% (APR|EAIR) |
| Biz Boost | 9% – 10% (APR|EAIR) |
| Personal Loans | 25% – 35% (APR|EAIR) |
ADD ON/FLAT INTEREST RATE LOANS
“EAIR” means “effective annual interest rate”. All commercial banks, merchant banks and building societies are required to disclose this rate, irrespective of any other interest rate used.
The presentation of interest rates using the EAIR will not change our clients’ weekly/fortnightly/monthly repayments.
|
PRODUCT SUITE |
APPLICABLE INTEREST RATES |
| Biz Start | 38.57% – 39.11% (APR)|61.68% – 71.10% (EAIR) |
| Biz Grow | 33.89% – 52.14% (APR)|33.43% – 85.32% (EAIR) |
| Personal Loans | 38.57% – 52.14% (APR)|51.07% – 85.32% (EAIR) |
“EAIR” means – Effective annual interest rate
“APR” means – Annual percentage rate
*Conditions Apply.
Effective March 14, 2022
Rates and all information above are subject to change without notice. Rates may vary depending on term and security
