Loan Example
Example of the total cost of a loan
When getting a loan it is important to consider the costs involved.
Here is an example of the total cost of a secured car loan:**
| Borrowing | $10,000 |
| Application fee | $0 |
| Third party fee^ | $29.90 |
| Total | $10,029.90 |
| Total interest | $2,393.94 |
| Total amount payable | $12,423.84 |
Over a 4 year term at 10.95% p.a variable rate, weekly repayments would be $59.73.
**Figures are an indication only and does not include loan protection insurance.
^Third party fees of up to $29.90 for Credit Check, Credit Sense, Motor Check, PPSR, Docusign and Cloudcheck per applicant may apply.