Primary points to take into consideration with a debt consolidation personal loan from Salt and Lime

A financial debt consolidation personal loan from Salt and Lime incorporates no charges and attributes a personalised interest rate, centered on your economic situations and details about your cash flow. Desire costs vary kind 17% p.a. to 35% p.a. There are two forms of personal debt consolidation mortgage that you can utilize for with Salt and Lime. These consist of:

  • Tangy Financial loan. This bank loan is available from $4,000 to $5,000 and can be secured or unsecured.
  • Zesty financial loan. This bank loan is accessible from $5,000 to $20,000 and are secured.

These financial loans are out there for personal debt consolidation only. This usually means that you can only use these loans to shell out off your current debt(s), and roll them into a single practical month to month repayment. Salt and Lime also features the possibility to just take this repayment right from your employer each individual thirty day period, so you you should not even have to get worried about creating the repayments your self.

A distinctive features of Salt and Lime’s loans is the ability to fork out them off additional rapidly and conserve on curiosity repayments by completing a fiscal education and learning modules as you development in your repayments. Salt and Lime will mail you up to 8 sets of modules to full and reply effectively. These modules aim to enhance how you manage your income and costs and your knowledge of monetary goods, amongst other subject areas. If you successfully entire these modules you could obtain .25% off your desire price, which functions out as up to 2% off your bank loan.

Features of a debt consolidation loan from Salt and Lime

The following features apply to Salt and Lime loans:

  • Bank loan amount of money. Financial loans are available from $4,000 to $20,000.
  • Mortgage time period. Phrases selection from 1 to 5 a long time.
  • Very same-working day funding. If your application is profitable, you will commonly obtain your cash on the similar business working day.
  • Secured or unsecured. You can access an unsecured credit card debt consolidation bank loan up to $5,000. Loans or a lot more than $5,000 need to be secured by an eligible asset.
  • Employer repayments. After approved for a bank loan, Salt and Lime will give you a deduction type for you to pass on to your employer. Repayments will then be created specifically by your employer every single pay cycle.
  • Fascination amount. Fees fluctuate from 17% p.a. to 35% p.a.
  • Use on line. Salt and Lime’s application procedure is 100% on-line.
  • Quick software. Programs only acquire a few minutes to comprehensive.
  • Conserve as you find out. Save up to 2% off your whole loan whilst learning about how to improved deal with your finances.

Service fees and expenses

This bank loan has an fascination charge only, there are no costs hooked up.

  • Desire charge. Premiums are primarily based on your own situation and variety from 17% p.a. to 35% p.a.
  • No application costs. You are not expected to pay out an application or an establishment rate for this financial loan.
  • No early termination cost. There are no penalties for repaying your loan early.
  • No month to month charges. Never fork out monthly charges.

Salt and Lime personal loan eligibility

In order to qualify for a bank loan via Salt and Lime, candidates must be:

  • 18 many years previous or more than
  • An Australian citizen or permanent resident
  • Receiving a standard income and can give at minimum 3 months of payslips
  • Have on the internet banking set up

How to implement

To use for a bank loan with Salt and Lime, just simply click “Go to web page” to visit the lender’s web site right, in which you can post an application. You will need to have:

  • ID, this kind of as an Australian driver’s license or passport
  • On the web banking facts to perspective 90 times of bank transactions
  • 3 months worthy of of payslips

You should take note that same-day funding can only happen when all requested documents are submitted and acquired on the exact same business working day as requested.

Salt and Lime debt consolidation financial loans are a competitive financial loan choice. That being mentioned, remember to look at other financial debt consolidation mortgage alternatives prior to publishing an software.