Loan Costs

Loan Information (Unsecured Medium Amount Credit Contract)

• Loan amounts: $2,001 to $2,500
• Minimum term: 63 days (9 weeks)
• Maximum term: 182 days (26 weeks)
• Maximum Annual Percentage Rate (interest): 48% per annum*
• Establishment Fee: $400
• Failed payment default fee: $35 (Payable when you fail to make a scheduled payment)
• There are no other account keeping or other regular fees.

Representative Example
For a $2,050 loan over 26 weeks, repayments would be approximately $106.25 per week, for a total repayment of approximately $2,762.48 (including total interest of $312.48 and the $400 Establishment Fee).

Comparison Rate
*The Comparison Rate is 66.2% p.a., calculated on a $2,500 loan over 2 years.

Note: This comparison and term is prescribed to be used as an example under Australian law (National Consumer Credit Protection Regulations 2010 (Cth) Reg 97). However, Sunshine Loans does not offer medium loans over 2 years.

WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. (Reg 99(4))