{"id":32,"date":"2021-08-22T11:47:03","date_gmt":"2021-08-22T11:47:03","guid":{"rendered":"https:\/\/www.mypaystat.com.au\/?page_id=32"},"modified":"2023-03-09T06:50:13","modified_gmt":"2023-03-09T06:50:13","slug":"micro-loan","status":"publish","type":"page","link":"https:\/\/www.mypaystat.com.au\/micro-loan\/","title":{"rendered":"Micro Loan"},"content":{"rendered":"\n
Dishonour fee
Charged each time a direct debit or other payment is not made in full and on time daily until balanced. This fee includes our reasonable internal administrative costs and external third-party costs.<\/p>\n<\/div>\n\n\n\n
$5<\/p>\n<\/div>\n<\/div>\n\n\n\n
<\/p>\n<\/div><\/div>\n\n\n\n
Establishment Fee
One-off payable per loan.<\/p>\n<\/div>\n\n\n\n
20% of principal<\/p>\n<\/div>\n<\/div>\n\n\n\n
Monthly Loan Fee
Charged per month or part thereof, where there is an outstanding debt balance.<\/p>\n\n\n\n
Reschedule Fee
Charged when a reschedule is requested. <\/p>\n<\/div>\n\n\n\n
4% of principal per month<\/p>\n\n\n\n
$20<\/p>\n<\/div>\n<\/div>\n<\/div><\/div>\n<\/div>\n\n\n\n
My Pay Stat is a Capital & Centric Funding Loan Product that is powered by your Australian Responsible Credit Provider. We specialise in small to medium loans ranging from $300 to $5,000.<\/p>\n\n\n\n
With a combined legal, financial and tech backgrounds, the founders of Capital & Centric Funding envision a solution to streamline and automate the lending process. We aim to be pioneers in the financial services sector and strive for excellence and ease.<\/p>\n\n\n\n
Our mission is to give you access to a financial solution that is transparent and reliable. Making an application is easier than you think with your Australian Responsible Credit Provider.<\/p>\n\n\n\n
If the principal amount you borrowed is between $300 and $2,000.<\/p>\n\n\n\n
When you make a scheduled payment on time, you’ll be charged the loan establishment fee and the monthly loan fee. Dishonour and default fees will apply if you miss any repayments.<\/p>\n\n\n\n