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
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)
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Personal Loans
Rates and Fees
  • 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.