Left Gutter
Right Gutter
Left Gutter
Rate Drop
Experience a new, fairer way to borrow. With our unique Rate Drop™ technology, your loan costs can decrease the longer you keep up with your repayments.
Right Gutter
Left Gutter
What is Rate Drop?
Rate Drop™ is our exclusive feature designed to reward reliable borrowers. Every customer starts with the same fixed interest rate, and when you make regular monthly repayments, your rate is lowered automatically.
This simple approach makes borrowing fairer and gives you something back for managing your loan responsibly.
Right Gutter
Left Gutter
How it works
- Everyone starts with the same fixed APR, no complicated tiers or hidden pricing
- Make 6 consecutive on-time monthly payments and your APR will automatically drop
- Your monthly repayment will go down too
- On loans longer than 12 months, make another 6 on-time payments and receive a second Rate Drop
- If you miss or are late with a payment, the 6-month countdown resets from the next on-time payment
- Once your rate has dropped, it never goes back up
Right Gutter
Left Gutter
Why choose Rate Drop?
We believe good money habits should be recognised, not overlooked.
Our system is straightforward, automatic, and only available here. Stick to your plan and your cost of borrowing falls, a fairer way to repay.
Right Gutter