One fee, no monthly charges, and a rate you see before you sign.
Float Forward is a fixed-rate loan over 12 to 24 months. You pay interest and one set-up fee called an establishment fee. There's no monthly account fee. The comparison rate shows the cost of the interest and the set-up fee together.
WARNING: this comparison rate is true only for this example and may not include all fees and charges. Different terms, fees or loan amounts might result in a different comparison rate.
- Establishment fee: 6% of the amount you borrow, up to $400, added to your loan
- Monthly account fee: none
Borrow $3,000 over 18 months at 22.00% a year. Establishment fee $180. Repayments of $209.02 a month. Total repayable $3,762.31.
WARNING: this comparison rate is true only for this example and may not include all fees and charges. Different terms, fees or loan amounts might result in a different comparison rate.
Monthly account fees quietly inflate the real cost of a loan, and they hit hardest on smaller amounts over shorter terms. So we scrapped ours. One set-up fee plus interest. That's the whole cost.