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Borrowing rates and fees

Borrowing rates and fees

A new way to borrow

The following rates are for registered borrowers only and may change at any time.

Please see the table below which outlines the indicative borrower interest rates for our secured loans in each Zagga Credit Assessment Score category.

Indicative borrower interest rates (effective 1 September 2016)

The following interest rates for borrowers are indicative only and may change at any time.

  A B C D E F
1 6.34% 6.84% 7.54% 8.44% 9.94% 11.74%
2 6.59% 7.19% 7.99% 8.94% 10.54% 12.49%
3 6.84% 7.54% 8.44% 9.44% 11.14% 13.24%
4 7.09% 7.89% 8.89% 9.94% 11.74% 13.99%
5 7.34% 8.24% 9.34% 10.44% 12.34% 14.74%

All rates are expressed as nominal annual percentage (%) rates. Rates can be impacted by actual loan terms and conditions on a case by case basis.

Platform fees (effective 1 September 2016)

  A B C D E F
1 1.00% 2.00% 3.00% 4.00% 5.00% 7.00%
2 1.00% 2.00% 3.00% 4.00% 5.00% 7.00%
3 1.00% 2.00% 3.00% 4.00% 6.50% 7.00%
4 2.00% 3.00% 4.00% 5.00% 6.50% 7.00%
5 2.00% 3.00% 4.00% 5.00% 6.50% 7.00%

A platform fee is charged to the borrower once the loan has been fully funded. It is calculated as a percentage of the principle loan amount at the commencement date of the loan.