Upfront application fee

Published 5 Aug 2020

On top of interest charges, personal loans will usually require borrowers to shell out an application fee (not in order to apply, but once the loan is approved) which may be anything between $50 and $500 or more. Some loans also charge a monthly administration or account-keeping fee.

As seen on

Media - The Sydney Morning Herald
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Media - News.com.au
Media - Daily Mail Australia
Media - Australian Fintech
Media - Dynamic Business