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 or the period while you have an overdue amount (to cover the additional cost of administering your account while payments are overdue). |
| 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 or the period while you have an overdue amount (to cover the additional cost of administering your account while payments are overdue). |
| 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 or the period while you have an overdue amount (to cover the additional cost of administering your account while payments are overdue). |
| Penalty Interest | 5% p.a. above applicable annual interest rate (calculated on the amount that is overdue) |
| Other Fees | |
| Tracing Fee | If we need location or contact details from you but we have been unable to obtain these from you directly and we need to engage a third-party tracing service to help us. The cost charged to us by the third-party agency will be passed on to you. This will only be used as a last resort after reasonable efforts to obtain the location or contact details from you directly have been unsuccessful. |
| Other Repossession Fees | Locksmith, storage, disposal costs, repossession agents costs will be charged at the cost leveled on Thorn Finance. |
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) - Tracing Fee
If we need location or contact details from you but we have been unable to obtain these from you directly and we need to engage a third-party tracing service to help us. The cost charged to us by the third-party agency will be passed on to you. This will only be used as a last resort after reasonable efforts to obtain the location or contact details from you directly have been unsuccessful. - Other Repossession Fees
Locksmith, storage, disposal costs, repossession agents costs will be charged at the cost leveled on Thorn Finance.
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.
Example Contracts
| Secured/Unsecured Personal Loan Agreement | Click here |
| Secured Vehicle 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.