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What are the fees and charges to use Elevant?

 

 

Fees and charges Elevant Easy – Interest-free short-term loan Elevant Extend – Interest-bearing long-term loan
Credit limit $2,001 – $10,000 $5,001 – $50,000
Term 3 – 36 months 6 – 60 months
Establishment fee $2,001 – $6,000 – 1.5%

$6,001 – $10,000 – 1.3%

$5,001 – $20,000 – 1.0%

$20,001 – $50,000 – 0.5%

Late payment fee $15 per missed payment (capped at $100) $20 per missed payment (capped at $150)
Monthly account keeping fee $10 $20
Direct debit dishonour fee $0.20 per payment failure $0.20 per payment failure
Investigated transaction charge $15 per dispute $15 per dispute
Chargeback charge $25 per dispute $25 per dispute
Interest Rate 0% 16.99% – 22.99%
Comparison Rate* 21.11% – 28.39%

* Interest applies and is based on applicant’s credit score
*The comparison rate is based on an unsecured personal loan of $25,000 over 36 months. 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.

Still Need Help?

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