CASHIFY FAQS

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What is a comparison rate?

A comparison rate is an indicative interest rate that has been designed to help you find out the true cost of a loan. It takes into account the amount of the loan, loan term, repayment frequency, interest rate, fees and charges.

At Cashify, our rates start from as low as 8.5% p.a. with a comparison rate of 9.45%^{^}.

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Cashify Personal+Plus Loans from $5,001–$50,000: Annual Percentage Rate (APR) is from 5.15% to 29.99%. The establishment fee is $498. The admin fee is $10 per month. Min. loan term is 180 days or 6 months. a loan of $30,000 borrowed for 60 months with the min. APR of 5.15% (comparison rate 6.47%pa.), equates to a total amount payable of $35,190 comprised of $30,000 Principal (amount borrowed), $498 Establishment Fee, $4092 in Interest & $600 in monthly Admin Fees. NOTE: For all Cashify loans, other fees may apply. Refer to your loan contract for all fees, interest, terms & conditions.

WARNING: This comparison rate applies only to the example given. Different amounts and terms will result in different comparison rates.

*Personal Loan funds are transferred to your bank account within 60 minutes of returning your signed contract between 9am and 9pm (AEDST) on business days. Clearance times are subject to your bank.

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CASHIFY FAQS

FAQS

What is a comparison rate?

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