Admin living large!
$60 a month on admin fees. on top of $25 and $15 for giving you a call. I've had loans before. the interest might seem ok but all their sneaky extra charges isn't worth it. scrap capfin! just money hungry !
A permanent Australian resident. Tick
18 years of age or older. Tick
Paid $500 or more a week into your bank account. Tick
Not In bankruptcy or part 9 agreement. Tick
But still Denied with no reason. I have had a few small loans in the past and never missed a payment. I have been at my job for 2 years which i am easily paid over $500 a week. At least a reason would be nice. Don't waste your time.
$500 loan application denied with no reason given. Probably better off without the loan given the exorbitant interest rate they charge..
Terrible Personal Loans: Capfin "in bed" with Best & Less
10 December 2016: Best & Less have "got in bed" with Capfin and are asking people needing $500 - $5000 personal loans for Christmas etc to contact Capfin.
Capfin use the example of where a customer burrows $750 over 6 months. The customer would then pay back over 26 weeks $41.53 per week or $1079.78 in total. Total repayment cost includes establishment fee and monthly charges. If you INCLUDE the establishment fee and monthly charges in calculating the approximate interest rate for the loan it is 44%!!!!! What a TOTAL RIP-OFF.
It makes...me sick to think Best and Less are prepared to rip off poor Australians, by endorsing a company, that charges such very high interest rates on personal loans, to people, who may not understand the high interest rates being charged. It is legal but very sickening!
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