Medium amount loan
A Medium Amount Credit Contract for $2,050 to $5,000, with a flat establishment fee and interest, repaid over a longer term than a small amount loan.
Apply now- Borrow $2,050 – $5,000
- From 63 days, instalments to suit your pay
- $400 establishment fee, 48% p.a. interest*
Medical and dental work, moving costs, travel at short notice, or a larger purchase you need to spread out.
How repayments work
Repayments are timed to your pay cycle by direct debit, the same way as a small amount loan, but spread across a longer term so each instalment is smaller. The schedule is fixed at signing and set out in your contract.
What it costs
There is one flat establishment fee charged at the start, plus interest on the amount you borrow. Both figures are shown above. Because this product charges interest, it carries a prescribed comparison-rate example, which is set out below along with the warning that must accompany it.
How we assess it
The same 90-day, read-only look at your bank statements, with more attention to the longer commitment: we are checking the repayments still fit several months out, not just next payday. A less-than-perfect credit file is not an automatic no. We cannot guarantee approval.
When the small amount loan is enough
If the amount you need falls inside the small amount range and you can clear it within three months, that product costs less overall because it charges no interest. Borrowing more than you need over a longer term is the expensive way to solve a short problem.
If your circumstances change
Tell us early. A hardship arrangement can be discussed at any point in the term at no charge, and free independent financial counselling is available on 1800 007 007.
What to have ready
- Australian residency and photo identification
- A regular income paid into your own bank account
- Online banking details, so statements can be retrieved read-only
- Your mobile number and email address
The full fee schedule and a worked example are set out on our loan types page, and the exact cost of your loan is disclosed before you sign.
See amounts, terms and fees