Consumer Loans*
- Outside Shares – 1.00% per month on the reducing balance or 12.00% per annum on the reducing balance.
- Within Shares (secured by cash, collateral or units) – 0.90% per month on the reducing balance or 10.80% per annum on the reducing balance.
Vehicle (Used)*
- 1-5 years 12.00% per annum on the reducing balance with 33 1/3% of request on shares.
- 5 years + 12.00% per annum the reducing balance with 50% of request on shares.
Vehicle (New)*
- 10.8% per annum on the reducing balance with a loan period of 5 years.
- 12.00% per annum on the reducing balance with a loan period of 6 years.
- 15.00% per annum on the reducing balance with a loan period of 7 years.
10% of request is required on shares.
Bridging & Business
- 1.25% per month on the reducing balance or 15.00% per annum on the reducing balance.
Mortgages
- Residential – 9.0%; Commercial – 10.8%; Land – 9.5% per annum, on the reducing balance.
Until June 30th, 2013, Mortgage Borrowers will enjoy a preferential rate of 0.56% per month on the reducing balance.
M.A.G.I.C
- 1.75% per month on the reducing balance or 21.00% per annum on the reducing balance.
AAD Loan
- The Rate of Interest charged for an AAD Loan is 0.90% per month on the reducing balance or 10.80% per annum on the reducing balance.
