The Interest Rate for Secured Medium Loans is 48%. Maximum Comparison Rate is 67.41% p.a.
WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate with the lender that finances your loan.
As an intending borrower, herewith the Loano Finance Credit Guide, which must be provided to you in writing in accordance with Section 126 of the National Consumer Credit Protection Act 2009.
Loano Finance Pty Ltd ACN 162 078 195
46 Douglas Street, Milton QLD 4064
PO Box 370, Indooroopilly QLD 4068
Australian Credit License Number: 456 404
In the event of any complaint, dispute or hardship issue, please first contact our Internal Dispute Resolution department on the contact details below. All disputes or hardship complaints to our IDR department are treated seriously and promptly and this service is offered at no charge to you.
In the unlikely event that your complaint or dispute is not settled with our IDR department to your satisfaction, you may then contact our External Dispute Resolution organisation as set out below.
A copy of our final assessment of your loan application is available for you on your request (in accordance with Section 132, National Consumer Credit Protection Act 2009). This will be provided at no charge to you.
This process involves us, as a credit provider, making enquiries about your financial circumstances and assessing whether or not the information available is accurate.
Our loans are governed by the NCCP Act. Our loans are classed as small amount credit contracts and the maximum fee’s we can charge are a 20% establishment fee and a 4% monthly fee – applied to the principal (adjusted credit amount) we give you. Should the contract need to be amended or if the contract is breached by you, additional fees may be incurred.
A full list of fees and charges can be found on the Loan Contract.
Should you successfully proceed with your loan application and there is ever an issue concerning privacy, please request a copy of Loano Finance Credit Information (Privacy) Management Policy. This policy details your rights and the procedures to be followed to address your concerns.
If you proceed with your loan application, you will be provided with extensive documentation. Please do not get annoyed with Loano Finance. The Federal Government, fully supported by the Opposition, has made several laws and regulation insisting on all this documentation.
When you receive the documentation, please remember that the Government and the Opposition expect you to read every word and ask all questions you might have of Loano Finance, to ensure you fully understand what all the documents say and mean.
When you sign your contract – it will be legally stated and assumed by Loano Finance that you have read everything and that you will have completely understood everything.
If you do not, please do not sign the contract offered. Once you sign the contract, it is legally binding on you.