Rates, fees and contract terms
We like to be straight up about any and all costs involved with our loans. So, you'll find a full list of our interest rates and fees below. Our standard form contract terms are also linked below
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Personal Loans
Rates and Fees
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| Interest Rates | |
| Annual Interest Rate | 9.95% - 22.95% p.a. variable determined by credit risk |
| Credit Fees | |
| Establishment Fee | $75.00 to be paid up front or capitalised over the contract term |
| Weekly Admin Fee | $0.75 (charged to your account each week) |
| Fortnightly Admin Fee | $1.50 (charged to your account each fortnight) |
| Monthly Admin Fee | $3.25 (charged to your account each month) |
| Refinance Fee | $75.00 |
| Default Fees and Charges | |
| Late Payment Fee (for weekly repayment) | $7.50 charged to your account each time you are more than 2 days late in paying an amount that is due |
| Late Payment Fee (for fortnightly repayment) | $15.00 charged to your account each time you are more than 2 days late in paying an amount that is due |
| Late Payment Fee (for monthly repayment) | $33.00 charged to your account each time you are more than 2 days late in paying an amount that is due |
| Penalty Interest | 5% p.a. above applicable annual interest rate (calculated on the amount that is overdue) |
| Apply now |
Personal Loans
- Annual Interest Rate
9.95% - 22.95% p.a. variable
determined by credit risk - Establishment Fee
$75.00
to be paid up front or capitalised over the contract term - Refinance Fee
$75.00 - Late Payment Fee (for weekly repayment)
$7.50
charged to your account each time you are more than 2 days late in paying an amount that is due - Late Payment Fee (for fortnightly repayment)
$15.00
charged to your account each time you are more than 2 days late in paying an amount that is due - Late Payment Fee (for monthly repayment)
$33.00
charged to your account each time you are more than 2 days late in paying an amount that is due - Weekly Admin Fee (for weekly repayment)
$0.75 - Fortnightly Admin Fee (for fortnightly repayment)
$1.50 - Monthly Fee (for monthly repayment)
$3.25 - Penalty Interest
5% p.a. above applicable annual interest rate
(calculated on the amount that is overdue)
All interest rates and fees are subject to change
THORN FINANCE TERMS AND CONDITIONS: Responsible lending criteria, terms and conditions apply. Interest rate 9.95% p.a. - 22.95% p.a. variable, determined by credit risk. Mandatory fees: account fee of $3.25 a month (other payment frequencies available), $75 to be paid up front or capitalised over the contract term. Rates and fees may change. Other non-mandatory fees and charges may also apply. Minimum term 12 months. Maximum term 60 months. Security and vehicle insurance may also be required.
Supplementary terms for debt consolidation loans only: interest rate 0% p.a. fixed for first 6 months (at the end of that period, the applicable interest rate for the remaining term of your loan will be 9.95% p.a. – 22.95% p.a. variable determined by credit risk); repayments are spread evenly across the full term of the agreement so the first 6 months payments are principal only, then principal and interest for the remaining term; no establishment fee.
Example Contracts
| Secured Personal Loan Agreement | Click here |
| Unsecured Personal Loan Agreement | Click here |
| Privacy Consent | Click here |
THORN FINANCE TERMS AND CONDITIONS: Responsible lending criteria, terms and conditions apply. Interest rate 9.95% p.a. - 22.95% p.a. variable, determined by credit risk. Mandatory fees: account fee of $3.25 a month (other payment frequencies available), $75 to be paid up front or capitalised over the contract term. Rates and fees may change. Other non-mandatory fees and charges may also apply. Minimum term 12 months. Maximum term 60 months. Security and vehicle insurance may also be required.
Supplementary terms for debt consolidation loans only: interest rate 0% p.a. fixed for first 6 months (at the end of that period, the applicable interest rate for the remaining term of your loan will be 9.95% p.a. – 22.95% p.a. variable determined by credit risk); repayments are spread evenly across the full term of the agreement so the first 6 months payments are principal only, then principal and interest for the remaining term; no establishment fee.