At Nectar, there are no hidden fees or charges. You can check your rate and loan offer free of charge.
All loans feature an affordable fixed interest rate meaning your interest rate and repayments stay the same over the life of the loan.
You can choose between repayment terms of 6 months to 4 years customised to meet your affordability. 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; there's never a prepayment penalty or fee.
Interest rates range from 8.95% (p.a.) to 29.95% (p.a.) based on your unique circumstances.
Our automated lending process allows us to offer some of the lowest fees in the market.
You pay a one time establishment fee of $240 for an unsecured loan, or $340 for a secured loan.
If a direct debit, or any other payment, is not paid on the due date, a dishonour fee of $15 is charged to cover the cost Nectar incurs on the transaction.
If you fail to make a timely payment within 3 days of the due date, you agree to pay an overdue payment fee of $25 per month. This will be due on your next payment date.
If you require any of the terms of your loan to be changed, and we agree to the changes, we will charge a loan variation fee of $30.
Please note: Calculator results are an approximate guide to repayment amounts based on your selected credit history and includes a $240 establishment fee. A Nectar loan is subject to the completion of an application form, successful responsible lending checks and fulfilling our standard lending criteria.
