11 Smart Strategies for Budgeting During Your Holiday
When it comes to holiday planning, budgeting is an essential aspect that can significantly impact your overall experience. While the idea...
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personal loan detail
transparent and supportive lending
On the hunt for the best personal loan deal? Look no further than the Salt & Lime personal loan! With transparent rates, flexible repayments, no ongoing fees and a few extra loan perks, we’ve made paying your loan off hassle and stress-free!
Secured loans of $4,000 - $30,000
Loan term of 1 - 5 years
No fees
No penalties for early loan repayment
Weekly, fortnightly, or monthly repayment options
Competitive interest rates from 20.50% to 39.00%
(APR 16.72% - 35.28%)
Same day funding
Earn discounts with our great offers below!
Module Discounts
Complete 12 quarterly financial education modules to receive up to 3.50% in interest rate discounts!
Please click here for more information on our Financial Wellbeing Modules
Salary Split Discount
Set up a worry-free repayment schedule via your payroll, and receive a whopping 2.00% off your loan!
Please click here for more information on Salary Split
Refer A Friend Offer
Receive $100 off your loan when you refer a friend and their loan is settled with us - with no limits on the number of referrals!
Please click here for more information on our Refer A Friend offer
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personal loans
LOW INTEREST PERSONAL LOANS WITH SALT & Lime
Thinking about finally installing that dream stove? Or taking that trip you’ve wanted for years? A Salt & Lime personal loan can help. With transparent personal loan rates, flexible and manageable repayments and no ongoing fees, our loan options simplify the path to achieving your financial goals.
With our secured personal loans, applicants can borrow up to $30,000 with personal loan interest rates starting from 20.50% (APR 15.95%). But what makes our loan options really special is the range of perks you’ll receive for being a Salt & Lime customer.
Rate discounts, referral Bonuses
and more
Salt & Lime strive to help borrowers improve their financial well-being long after their loan is paid off. With our education financial modules, not only will you be able to develop long-lasting money management skills, but once you’ve completed 12 quarterly modules, we’ll slash up to 3.50% off your personal loan interest rate.
Borrowers can also set up a salary deduction schedule to make their loan repayments stress-free and receive a 2.00% rate discount on their loan. And if you have a friend who could also benefit from a Salt & Lime personal loan, once their loan is settled, we’ll take $100 off your loan - and theirs!
other personal
loan options
After something more specific? Aside from standard low interest personal loans, Salt & Lime also offers competitive rates on secured car loans, ensuring you get the keys to your new ride as soon as possible.
Or if you’re looking to get debt-free for good, our flexible debt consolidation loan combines multiple debts into one manageable payment, helping you achieve financial freedom all the more faster and easier.
FREQUENTLY ASKED QUESTIONS
The Important Detail
Loan Amount: The Loan amount is subject to a minimum of $4,000 and a maximum of $30,000, secured by an owned vehicle.
Loan Term: The Loan term ranges from 1 to 5 years, as agreed upon by both parties.
Repayment Options: Repayments can be made on a weekly, fortnightly or monthly basis.
No Fees: No fees will be charged for the Loan, including for the establishment, settlement, or ongoing account keeping; and no penalties charged for early loan repayment.
Interest Rates: Interest rates range from 20.50% (APR 16.72%) to 39.00% (APR 35.28%). All rates displayed on this website are calculated on a per annum basis.
(1) APR: APR is the Annual Percentage Rate, or comparison rate, inclusive of fees and charges. Given there are no fees on Salt & Lime products, and borrowers may earn discounts to reduce interest rate over the life of the loan, the APR is lower than the advertised interest rate. To achieve a lower APR, customers will need to complete one or more of the 12 provided financial education modules, and/or register for Salary Split, where interest rate discounts are applicable. The advertised APR is calculated based on a secured loan amount of $10,000 over a term of 3 years, on a monthly repayment schedule, with all discounts applied as soon as they become available to borrowers. Example: A borrower with good credit borrowing $10,000 over a term of 3 years with monthly repayments, including an interest rate of 20.50% (APR 16.72%) would pay a monthly repayment of $377.72 and a total amount of $12,564.33. This example takes the full Salt & Lime product model into consideration, where no fees are applicable for the duration of the loan, assumes all financial education modules are completed on the day they are released to the borrower, and the Salary Split interest rate discount is applied on Day 0 (the day of loan settlement).
Interest Rate Discounts: Borrowers may earn interest rate discounts by completing financial education modules provided over the life of the loan.
(2) Same Day Funding: Same day funding can be achieved if all required documents are received on the same day as requested, received in a reasonable timeframe prior to close of business.
(3) Module Discounts: A total of 3.50% in interest rate discount can be achieved over the life of the loan for completing financial education modules, where all 12 financial education modules will need to be completed for the full discount to be applicable. The first module will attract 0.75% in interest rate discount, and each module thereafter (11) will attract a discount of 0.25% each. Please note that the interest rate discount will place a borrower in advance on their loan, and will not alter the current contractual repayment amount. Please note that loans originated prior to 15 December 2022 can only achieve a maximum of 2.75% in interest rates discounts over the life of the loan, as an additional first module (attracting 0.75% interest rate discount) was introduced on this date.
(4) Salary Split Discount: A 2.00% interest rate discount can be achieved if the borrower successfully arranges a Salary Split, where repayments are made directly to the lender via the borrower's payroll. Borrowers will receive supporting forms at settlement, and may also request these forms to be re-sent at any time. The borrower must provide confirmation that the direct debit has been established in order for the discount to be applicable. Please note that the interest rate discount will place a borrower in advance on their loan, and will not alter the current contractual repayment amount.
(5) Refer A Friend Offer: A $100 discount can be achieved on the remaining balance of a current borrower's loan when they refer a friend using their unique referral code. Once the new referred borrower's loan has settled and the referral code verified, the discount will be applied. A $100 discount will also then be applied to the new borrower's current loan balance. There are no limits to the number of new referrals that a current borrower can make. Please note that the $100 discount will place a borrower in advance on their loan, and will not alter the current contractual repayment amount.
Security: The Loan will be secured by a registered security interest over the borrower's vehicle, as specified in the loan agreement. Borrowers must maintain comprehensive insurance on the vehicle for the life of the Loan and provide evidence of insurance upon request.
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