Rates and fees breakdown | Direct lending serviceSample contact/ Ts & Cs | Brokering service | Responsible lending

Interest rates and fee breakdown

Rates & FeesSmall Cash LoansBroker Loans
Online Cash Loan Amount$2000-$5000Starting from $5000
Broker Fee$0 ($200 is added if application comes from an external broker)$200 (see below for more info)
Annual Interest48%9.95% – 24.95%
Term Length12 months12 months – 5 years
Application Fee$0
Establishment Fee$300
Credit & ID Check$6.90
PPSR Registration$16.10
PPSR Search$2.30
Account Fee$10 (monthly)
Manual Statement Fee$5
Dishonour Fee$40
Payment Amendment Fee$25
Flexible Repayment OptionsWeekly, fortnightly, or monthly (based on your payday)

Rates and fees accurate at the time of publishing – last updated 02, May 2024

See below for more information on rates and fees.

Direct lending service

We are a direct lender and offer a fixed interest rate for our Small Cash Loans, which range between $2,000 – $5,000. This means your interest rate and repayments stay the same over the life of the loan.

Repayments are made weekly, fortnightly, or monthly depending on your pay cycle. Plus, you can repay your loan in full at any time to eliminate future interest payments.

Interest rates

The annual interest rate on a Small Cash Loan is a fixed interest rate over the term of the loan – so you know exactly what to expect.

Interest is due and calculated each day on the outstanding balance of the loan using the daily interest rate (the annual interest rate divided by 365). It is charged to the loan account on the 1st day of each month (for the preceding month).


Payments are made weekly, fortnightly, or monthly depending on your pay cycle.

You can repay your loan in full at any time to eliminate future interest payments. There is no fee for an early repayment.

If a scheduled payment is missed or returned unpaid, we may issue a $40.00 debit dishonour fee. Keep in mind that you may incur additional fees and charges each time you miss a payment, and this may affect the length of your loan and therefore change the total cost of the loan.

Establishment Fee

This fee reimburses us for some of our reasonable costs of considering your application, documenting and advancing the loan.

Payable on advance of the loan, by deduction from the loan advance.

Account Fee

This monthly fee reimburses us for some of our reasonable costs in administering the loan account.

Debited to the account each month and payable in your regular payments.

Manual Statement Fee

This fee reimburses us for the administration when you request a manual copy of your loan statement.

Payable by you when you make a manual statement request.

Payment Amendment Fee

This fee reimburses us for each payment amendment you request, and we complete. The amendment fee compensates us for the administration necessary to amend your contractual repayments.

This fee is added to the account balance on the day we process the payment amendment.

Third party fees: Asset Check, PPSR Search & Registration Fees, Credit Check

These fees are fees we incur from third parties when you enter into a loan with us.

Payable on advance of the loan, by deduction from the loan advance.

Sample contract

 Sample contract for Small Cash Loans ($2000-$5000) provided by Swoosh (including terms and conditions):

NZ SMACC Contract Template (last updated May 2024).

Broker service

We also offer brokering services for personal loans starting from $5,000. The exact rates and fees associated with your loan will vary based on your financial circumstances, the loan, and the lender. For example, some lenders may charge early repayment fees.

In most cases, you pay a once-off broker fee of $200. This can vary depending on your credit profile and the amount you are borrowing.

Interest rates

Interest rates range from 9.95% (p.a.) to 24.95% (p.a.).

Each lender will calculate interest rates differently but common factors used include:

  • Your financial situation (for example, your credit score, debts, and assets)
  • Type of interest rate
  • Borrowing amount
  • The loan term

Our brokers can help negotiate for a better rate on your behalf.

 Responsible lending

Swoosh Finance are committed to the practice of responsible lending and do not want to keep you in debt. We want you to repay your loan quickly and we aim to only lend to people who we believe can afford to repay us as agreed.

Assessing loan affordability
At Swoosh Finance, we undertake reasonable enquiries to verify your financial situation. We do this in order to make a responsible assessment about the suitability of the contract for you and the affordability of the loan.

As part of our commitment to responsible lending, customers need to be in permanent employment in order to obtain a loan from Swoosh Finance.

Swoosh Finance wants you to be able to repay your loan as soon as possible and it is important that you do not borrow more than you can afford.

Credit check
At Swoosh Finance we reserve the right to run a credit check. We do this as part of our assessment of the suitability and affordability of a loan for you.