At SwiftCash we’re committed to delivering you loans in faster and smarter ways. To fulfil this promise we only lend to you what you can afford to repay and make it clear what fees and costs you may incur along the way.
One-off Establishment Fee
SwiftCash charges an upfront establishment fee on loans for $5,000 or less which is added to your loan amount so you do not need to pay any cash upfront.
- $400 for loans between $2,050 and $5,000; or
- $0 for loans between $5,050 and $8,000.
Account Keeping and
SwiftCash does not charge any account keeping fees.
Early Repayment Fees
SwiftCash does not charge any or early repayment fees. You can make additional payments or repay the outstanding balance of your loan at any time without penalty. This helps you pay down the loan faster and incur less interest.
At SwiftCash we want to work with you and get on top of any financial issues you might be facing, fast. If you have stumbled upon a financially tough time and are struggling to meet repayments please reach out to a friendly SwiftCash team member as soon as possible to discuss your options and avoid any late repayment fees.
Direct Debit Dishonour Fee
In the event that a direct debit payment is dishonoured a fee of $15 will be charged for the additional administration required to re-process the payment. The fee will be charged to your account and fall due on the next payment date.
A reschedule fee of $15 will be charged each time a repayment is deferred.
In the unfortunate event that any legal action is required against one of our borrowers they will be liable for any legal and associated third party costs incurred.
SwiftCash charges a simple fixed rate of interest of 47% over the duration of your loan. This gives you certainty around the amount of your regular repayments.