How much does it cost?

How much does it cost?

We provide quick small cash loans that you can pay back in easy instalments. The reason for loan could be an urgent car repair, cash for a short holiday, any unexpected home repair or emergency medical bills….. We will help you by providing cash loans upto $1500 in the form of short term loan to get you back on the track.

The best way to find out “Costs” is to Apply now. There is no Loan application fees. And if you have Centrelink income or Bad Credit, we can definitely help you

Once you loan is approved, you can always customise your repayments to suit your needs.*

You’ll always see a clear breakdown of all your fees and repayments before you confirm your loan.
As a quick reference, though, here’s a general breakdown of fees:

  • Min Repayment Period: 90 days
  • Max Repayment Period: 365 days
  • Loan Amounts: Minimum $200 to Maximum $1500
  • Term of Loan : Maximum 50 weeks
  • Establishment fee: 20% of the principal amount
  • Monthly loan fee: 4% of the principal a month
You Borrow Loan Term You Repay
$500 9 Weeks $660
$1000 9 Weeks $1320
$1200 9 Weeks $1584
$1400 9 Weeks $1848
$1500 9 Weeks $1980

Please Note: This is an approximate guide to how much you can borrow and do not represent an offer from Personal loans on Spot. An application is required to be made and assessed subject to our internal lending criteria and government regulations.

*Annual Percentage Rate (APR)

Annual percentage rate

  • The APR for a $1000 loan for 90 days would be 432%
  • Loan amount: $1000.00
  • Loan term: 90 days
  • Admin fees: $200.00
  • Monthly fees: $40 * 3 = $120
  • Total charges = $360
  • APR = 360/1000 * 12 * 100 = 432%

Since we offer small loans up to $1500, an APR (Annual Percentage Rate) doesn’t apply.
These loans are fee-based only, and so they don’t have an APR. Fees as mentioned above is regulated by National Credit Act (refer to


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