Rates, fees and contract terms
We like to be straight up about any and all costs involved with our loans. So, you'll find a full list of our interest rates and fees below. Our standard form contract terms are also linked below
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Personal Loans
Rates and Fees
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| Interest Rates | |
| Annual Interest Rate | 9.95% - 22.95% p.a. variable determined by credit risk |
| Credit Fees | |
| Establishment Fee | $75.00 to be paid up front or capitalised over the contract term |
| Weekly Admin Fee | $0.75 (charged to your account each week) |
| Fortnightly Admin Fee | $1.50 (charged to your account each fortnight) |
| Monthly Admin Fee | $3.25 (charged to your account each month) |
| Refinance Fee | $75.00 |
| Default Fees and Charges | |
| Late Payment Fee (for weekly repayment) | $7.50 charged to your account each time you are more than 2 days late in paying an amount that is due or the period while you have an overdue amount (to cover the additional cost of administering your account while payments are overdue). |
| Late Payment Fee (for fortnightly repayment) | $15.00 charged to your account each time you are more than 2 days late in paying an amount that is due or the period while you have an overdue amount (to cover the additional cost of administering your account while payments are overdue). |
| Late Payment Fee (for monthly repayment) | $33.00 charged to your account each time you are more than 2 days late in paying an amount that is due or the period while you have an overdue amount (to cover the additional cost of administering your account while payments are overdue). |
| Penalty Interest | 5% p.a. above applicable annual interest rate (calculated on the amount that is overdue) |
Personal Loans
- Annual Interest Rate
9.95% - 22.95% p.a. variable
determined by credit risk - Establishment Fee
$75.00
to be paid up front or capitalised over the contract term - Refinance Fee
$75.00 - Late Payment Fee (for weekly repayment)
$7.50
charged to your account each time you are more than 2 days late in paying an amount that is due - Late Payment Fee (for fortnightly repayment)
$15.00
charged to your account each time you are more than 2 days late in paying an amount that is due - Late Payment Fee (for monthly repayment)
$33.00
charged to your account each time you are more than 2 days late in paying an amount that is due - Weekly Admin Fee (for weekly repayment)
$0.75 - Fortnightly Admin Fee (for fortnightly repayment)
$1.50 - Monthly Fee (for monthly repayment)
$3.25 - Penalty Interest
5% p.a. above applicable annual interest rate
(calculated on the amount that is overdue)
All interest rates and fees are subject to change
THORN FINANCE TERMS AND CONDITIONS: Responsible lending criteria, terms and conditions apply. Interest rate 9.95% p.a. - 22.95% p.a. variable, determined by credit risk. Mandatory fees: account fee of $3.25 a month (other payment frequencies available), $75 to be paid up front or capitalised over the contract term. Rates and fees may change. Other non-mandatory fees and charges may also apply. Minimum term 12 months. Maximum term 60 months. Security and vehicle insurance may also be required.
Example Contracts
| Secured Personal Loan Agreement | Click here |
| Unsecured Personal Loan Agreement | Click here |
| Privacy Consent | Click here |
THORN FINANCE TERMS AND CONDITIONS: Responsible lending criteria, terms and conditions apply. Interest rate 9.95% p.a. - 22.95% p.a. variable, determined by credit risk. Mandatory fees: account fee of $3.25 a month (other payment frequencies available), $75 to be paid up front or capitalised over the contract term. Rates and fees may change. Other non-mandatory fees and charges may also apply. Minimum term 12 months. Maximum term 60 months. Security and vehicle insurance may also be required.