When you keep to up-to-date with your repayment schedule you will only be charged:

  1. The loan establishment fee of 19.99% and,
  2. The monthly account maintenance fee of 3.95%

Other fees and charges.

In the event that you miss a loan repayment, we will charge other fees to compensate us for the extra work we then need to do. These are fees such as Default fees and Collection fees.

Default Notice Fee:

$7.00 payable to us each time we issue you with a notice of default when you fail to make a repayment in accordance with your loan repayment schedule.

Missed payment follow-up phone call/email/letter/SMS:

$7.00 payable to us each time we have to organise, prepare and call/email/mail/SMS you for failing to make a scheduled repayment in accordance with your loan repayment schedule.

Dishonoured payment Fee:

$14.50 payable to us on the dishonouring of any direct debit or failure to make payment in accordance with the terms of this agreement.

Direct Debit Reschedule Fee:

$14.50 payable to us each time a change is made to your direct debit arrangements when in default. 

Debt Recovery Field Call:

The costs incurred on any necessary field call when your account is in arrears will be passed onto you.

Enforcement Expenses: 

The costs incurred in the recovery of the outstanding amount when you are in default under the agreement will be passed onto you. 

Statement Fee:

$7.00 each time on the provision of an account statement other than when required by law. 

Debt recovery:  

Finally, if we can’t remedy a default by you, we will charge you the costs of recovering that debt, at cost.

If you think you are going to miss, or have missed a loan repayment, please contact one of our friendly staff on 1300 13 46 86 so that they can reschedule the missed payment and help you avoid any additional fees. 

Term of Loan.

At Swift Loans we don't believe that you should take out long-term loans to fix short-term problems. However, we do know that you need some flexibility, that is why we offer three loan repayment terms - 10, 14 or 18 weeks.

We like to ensure that all loan fees are very transparent so that you can make informed decisions about your ability to repay before you proceed with a loan. To see how much you may qualify for, and to see an example of the loan repayments and fees and charges over a 10, 14 or 18 week term, please use the Slider in Box 1 of the Home Page

Early repayment of your loan.

We do not charge any additional fees for early termination of the contract.