Borrowing and Loan Costs

Q: Are there any hidden loan fees?

No, Jingle loans shows all costs clearly before you sign your agreement.

Understand your loan costs before you borrow. We’re upfront about every fee and charge so you always know what to expect.

Clear pricing. No surprises.

At Jingle, we believe in simple and transparent borrowing.

We will always show you a clear breakdown of your loan, including every fee and charge, before you commit. This information will be provided to you in the Financial Table in your Credit Contract.

There are no hidden fees and no fine print, just straightforward pricing you can trust.

Small loans ($500 to $2,000)

Small personal loans are ideal for covering life’s smaller surprises. They include a one-off establishment fee and a flat monthly fee.

Fees and charges

20% establishment fee (one-off, calculated on the amount borrowed)
4% monthly fee (calculated on the amount borrowed)
Interest rate per annum- N/A
No early repayment fees

For a Small Loan of $2,000 or less, an APR (Annual Percentage Rate) does not apply. Representative Example: Loan Amount of $1,000 over 6 months repayable weekly (25 weekly repayments). $1,000 (Principal Amount) + $200 (20% Establishment Fee) + $240 (fees based on 4% per month over 25 weeks) = $1,440 total repayable in 25 weekly installments of $57.60.

Medium loans ($2,001 to $5,000)

Medium personal loans suit slightly larger purchases or projects.

We charge a fixed establishment fee and interest based on your loan amount and term.

Fees and charges

$400 establishment fee
Annual percentage rate (APR): 47.6% p.a.
Comparison rate: 69.04% p.a.*

For a Medium Loan between $2001- $5000 the Annual Percentage Rate (APR) is 47.6% (Comparison rate 69.04% p.a.*). Representative example: Loan Amount of $3,000 over 18 months repayable weekly (78 weekly repayments). $3,000 (Principal Amount) + $400 (Establishment Fee) + $1,349.64 (reducing interest) = $4,749.65 total repayable over 18 months with weekly installments of $61.33.

*WARNING: These comparison rates are 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.

Personal loans ($5,001 to $10,000)

For bigger goals, a Jingle personal loan provides more flexibility with longer terms and lower rates.

Fees and charges

No establishment fee
Annual percentage rate (APR): 45% p.a.
Comparison rate: 45% p.a*

For a Large Loan between $5,001 and $10,000, the Annual Percentage Rate (APR) is 45% (Comparison rate 45% p.a.*). Representative example: Loan Amount of $10,000 over 24 months repayable weekly (104 weekly repayments). $10,000 (Principal Amount) + $5,191.65 (Interest) = $15,191.59 total repayable over 24 months with weekly installments of $146.49.

Borrowing and loan costs FAQ

How much does a Jingle loan cost?

The final cost of your loan depends on how much you borrow and the loan type you choose. We ensure all costs and repayment amounts are shown clearly before you sign your contract.

To give you an idea of the cost structure:

Small Loans ($500 - $2,000): The cost is based on fees only {20% establishment fee + 4% monthly fee), as interest is legally prohibited.
Medium and Larger Loans (Over $2,000): The cost is based on the Annual Percentage Rate (APR) plus a fixed establishment fee (e.g., the $400 establishment MACC fee). The true cost is summarised by the Comparison Rate.

You can view full, detailed examples, including the Comparison Rates, elsewhere on this page.

Do Jingle small loans have interest?

No, Jingle small loans ($2,000 or less) do not charge interest.

Under the National Credit Code (NCC), loans of $2,000 or less for up to one year (known as Small Amount Credit Contracts, or SACCs) are legally prohibited from charging interest as a way to cap the cost to the borrower.

Instead of interest, the cost of the loan is based entirely on two mandatory fees, which are subject to a legal maximum:

A 20% establishment fee (a one-off charge, calculated on the amount borrowed).
A 4% monthly fee (calculated on the amount borrowed for each month the loan is active).

This means your total cost will always be transparently composed of the principal plus these two fees. We also confirm there are no early repayment fees and no hidden charges.

What is a comparison rate and why is it shown?

A comparison rate is a single, annual percentage rate (APR) designed to help you understand the true cost of borrowing.

It is calculated by combining:

The nominal Annual Percentage Rate (APR) (the stated interest rate).
Most mandatory fees and charges (e.g., establishment fees, administration fees) over the life of the loan.

The comparison rate is required by the National Credit Code (NCC) and ASIC guidelines to protect consumers by preventing lenders from hiding the total cost of credit in fees.

The legal requirement to show a comparison rate is not uniform and depends entirely on the loan's cost structure:

1. Medium Amount Credit Contracts (MACCs) and Larger Amount Credit Contracts (LACCs)

The comparison rate is MANDATORY for these interest-based loans (MACC: $2,001 to $5,000 LACC: over $5,000

Cost Structure: These loans charge an APR plus fixed fees (like the $400 MACC establishment fee).
Why it's shown: The comparison rate is essential because it is the only figure that accurately combines the APR and the dollar fee into one comprehensive percentage figure.

2. Small Amount Credit Contracts (SACCs)

The comparison rate is NOT APPLICABLE (N/A) for SACCs (loans of $2,000 or less for up to 1 year), which are legally prohibited from charging interest.

Cost Structure: SACCs are legally prohibited from charging interest; their cost is structured purely on 20% establishment fee and a 4% monthly fee.
Why it's omitted: Since there is no APR, the comparison rate formula cannot be properly applied. Instead, the law requires lenders to provide a clear total repayment example in dollars to show the full cost.

Are there any hidden loan fees?

Can I repay my loan early?

Yes. You can repay your loan early at any time.

Paying off your loan sooner is always beneficial and may save you money depending on the type of loan you have:

Small Loans (SACCs): Repaying early stops the accrual of the 4% monthly fee, reducing your total fees paid.
Medium and Larger Loans (MACCs/LACCs): Repaying early reduces the total amount of interest that accrues, significantly lowering the overall cost of the loan.

We do not charge any early repayment fees on any of our personal loans.

Is Jingle a responsible lender in Australia?

Yes. Every loan is assessed carefully to make sure it suits your financial situation, financial needs, and objectives.

We follow all requirements under the National Consumer Credit Protection Act (NCCP Act) and the ASIC Responsible Lending Guidelines. This means we have a legal obligation to take reasonable steps to: