Fees and Interest Rates

Your Finance Consultant will advise you if your loan is with Loansmart or if it is being brokered to another company. If your loan is brokered to another company we will advise you of the fees, interest rate and payments prior to your loan being drawn down. These rates and fees vary from Company to Company but currently start at 8.95%.

If your loan is with Loansmart the following will apply

1- Interest rates start from 8.95% and are fixed for the term of the loan.
2- An Establishment Fee will be charged on each new loan. Our current Establishment Fees applied to new consumer loans are as follows:

$1,000 – $4,999
No more than $295
$5,000– $9,999
No more than $395
$10,000 or greater
No more than $495

3- An Administration Fee is charged to your account each month that your account has a balance. The Administration Fee will be no more than $3.50 per week.
4- If your loan falls into arrears you will be charged the following Default Fees

If the Loan arrears are less than $500
$5 per week
If the loan arrears are more than $500 but less than $1,000
$10 per week
If the loan arrears are greater than $1,000
$15 per week

Caveat Fee

Caveat Fee $460 maximum fee.

Where a loan is secured by a Caveat/agreement to the mortgage we will register a caveat over the property. Caveat registration costs will be charged on the Loan Agreement and release costs will be charged to the loan at settlement. The maximum amount charged will be $460 for each property.

To view our Terms & Conditions including a schedule of our fee’s and charges, please click here to see full Loansmart Terms & Conditions.

To view our Loan Agreement please click on the following blank Loansmart Agreement (Loansmart).

Other websites that can assist you with borrowing money:

If you have any queries with regards to the above, please contact us on 0800 255 155 or email

Get A Free Loan Assessment

Loansmart is a highly reputable finance company that’s been lending since 2008. Our experienced lending specialists work hard to get you the best deal. Benefit from fairer terms, fees, interest rates and a team that cares.

Why Loansmart


We Say Yes More Often

Applied elsewhere but been declined? Loansmart provides more options than other lenders. With more options, you have more chances of getting your personal loan approved.

More Options Tailored For You

Pay down debt faster and more affordably with lower fees and interest rates. Don’t pay more than you need to and get more options.

Interest Rates From 8.95%*

Our competitive personal loan rates range from 8.95% - 29.95%. *Subject to credit criteria and the credit profile of the applicant.

Longer Repayment Options

From 6 months to 10 years; up to 5 years for unsecured personal loans and 10 years for secured personal loans.

Faster Approval Process

Provide us with photo ID and access to your bank statements online, and your personal loan application could be approved in just 1 - 2 hours. *Subject to responsible lending checks.

Same Day Payment*

If you e-sign your loan documents by 3pm on a business day, we’ll deposit funds in your account the same day*. Depending on your bank, you’ll receive cash that day or the next morning.

100% Easy, Online Process

No need to print, scan or upload statements. We simply send you a secure link that authorises us to view your statements online.

Borrow Up To $50,000 Unsecured & Up To $100,000 Secured

Borrow between $1,500 to $50,000 without having to provide security. Personal Loans of up to $100,000 can be secured using a caveat or second mortgage. We can also use vehicles as security, so long as they’re in good condition.
Get the complete package from a team that genuinely cares, and works hard to provide better loan options for you. Get Loansmart!