Interest and Fees

Interest and Fees

We always show the total amount repayable upfront on our loan repayment calculator, ensuring transparency with our TrueMatch system, which tailors loan rates to your unique credit profile. Using the calculator, you will be shown a repayment ‘range’ that you should expect to pay. Once you have completed the ‘Find my Rate’ part of the loan application process, your specific interest rate will be provided based on your determined credit profile.

Interest Charges

Our TrueMatch system uses risk-based pricing to offer fairer loans that reward your financial responsibility. Interest rates are determined based on your credit history, including timely repayments and positive financial habits, ranging from 19.95% to 49.95%. This means you’ll never pay more than you should, and strong credit could unlock lower rates.

Loans from $500 - $2,000

The applicable rates for SMB's TrueMatch loan are as follows:

• Annual Interest Rate (AIR): 19.95% - 49.95% (based on TrueMatch risk-based pricing)

• Monthly term range: 3 to 12 months
  

Loans from $2,001 - $5,000

The applicable rates for SMB's TrueMatch loan are as follows:

• Annual Interest Rate (AIR): 19.95% - 49.95% (based on TrueMatch risk-based pricing)

• Monthly term range: 12 to 36 months
  

Loans from $5,001 - $10,000

The applicable rates for SMB's TrueMatch loan are as follows:

• Annual Interest Rate (AIR): 19.95% - 39.95% (based on TrueMatch risk-based pricing)

• Monthly term range: 3 to 60 months
  

Loans from $10,001 - $15,000

The applicable rates for SMB's TrueMatch loan are as follows:

• Annual Interest Rate (AIR): 19.95% - 29.95% (based on TrueMatch risk-based pricing)

• Monthly term range: 3 to 60 months
  

Loans from $15,001 - $20,000

The applicable rates for SMB's TrueMatch loan are as follows:

• Annual Interest Rate (AIR): 19.95% (based on TrueMatch risk-based pricing)

• Monthly term range: 3 to 60 months
  

Fees

Establishment fee: $240

Account maintenance fee: The Account Maintenance fee is different depending on your loan repayment frequency:

• Monthly - $4 per month, charged on the day your payment is due. 

• Fortnightly - $2 per fortnight, charged on the day your payment is due.

• Weekly - $1 per week, charged on the day your payment is due.

Default fee: $30 - charged if a missed payment occurs

Debt collection fee: $40 - charged when an account is sent to an external debt collection agency

Calculators

With our loan calculator, you can quickly determine whether you can afford an SMB loan, reflecting our commitment to responsible lending. Our TrueMatch technology ensures the rate reflects your credit profile, giving you a clear, personalised estimate.

The total due on each agreed repayment date will automatically be deducted from your bank account by direct debit. Use our calculator to establish the upfront cost of your loan before starting an application.

What happens if I fail to stick to our arrangement?

Cost Changes

Additional costs will only be charged if you change your repayment dates or miss a payment.

Payment Failure

If a payment fails, our specialists will reach out to arrange immediate payment.

Communication & Ongoing Support

If we don’t hear from you, we’ll continue reaching out to arrange repayment of your missed payment or, if your circumstances have changed, collaborate on a workable solution. We also provide tips to improve your credit score for better rates in the future.

Responsible Borrowing

Think carefully about your ability to repay before applying. If unsure, reconsider applying. Our TrueMatch system ensures we only lend what you can comfortably repay.

Financial Hardship

If you’re facing unexpected challenges like illness or job loss, contact us immediately. We offer options to support you during tough times. For more details, refer to our Financial Hardship Policy.