costs of a loan

What it Costs

At Easy Financing, we make sure our customers what costs are involved in taking out a loan with us. There are no hidden fees.

Credit Fees

If you are looking to take out a loan with us, the following costs will apply:

  • Interest Rate: 30% per annum
  • Establishment Fee: 20% of the loan amount or $400 whichever is the lesser
  • Credit Assessment Fee: $10.00
  • Direct Debit Fee: $1.40 per payment
  • Monthly Account Fee: $10.50
  • Re-scheduled Payment Fee: $35.00

Default Fees

If you think you might miss a payment we encourage you call us before hand and let us know. Generally the following fees will apply to your loan if you are in default:

  • Missed Payment Fee: $35.00
  • Arrears Management Fee: $10.00 per month
  • Enforcement Fees: at cost