The minimum APR is 24% and the maximum APR is 47.9%. Monthly repayment is $318.09.įor our Line of Credit, there is no establishment fee and cost of the loan is the monthly fee of 2% – 4% charged on the amount borrowed. For example, for a $6,000 loan borrowed over 24 months with an interest rate of 24% is a total of $7,543.87 ($6,000 principal and $1,543 in monthly interest). There is no establishment fee and the cost of the loan is the monthly interest charged on the amount borrowed. The minimum term is 365 days and the maximum term is 36 months. Total repayments of $8,400 and total interest payment $3,000.įor large loans between $5,100 to $10,000, the APR is between 24% (minimum) – 47.9% (maximum). For example, a loan of $5,000 over 24 months with an APR of 47.9%, (comparison rate of 57.05%), will have a establishment fee of $400, weekly repayments of $80.77. The cost of the loan is a $400 establishment fee and monthly interest charged on the amount borrowed. Minimum term is 365 days and maximum term is 24 months. Monthly repayment is $240.įor medium loans between $2,100 and $5,000, the APR is between 24% (minimum) – 47.9% (maximum) per annum. For example, a $1,000 loan borrowed over 6 months is a total of $1,440 ($1,000 principal, $200 establishment fee and $240 in monthly interest). The cost of the loan is a 20% establishment fee on the amount borrowed and a monthly fee of 4% charged on the amount borrowed. Minimum term is 120 days and the maximum term is 12 months. Please review the different products on this website and it’s eligibility criteria and terms and conditions, before applying with Credit24.įor small loans of less than $2,000, the Annual Percentage Rate (APR) is not applicable. If you have received a direct communication from Credit24, it is not an invitation to apply for, or offer to enter into, any of our loan products. The information on this website is of general nature and does not take into consideration your objectives, financial situation or needs.
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