Costs and Charges

Costs, Fees and Other Charges

How the charges apply when you get 'the Nod' from Noddle:

Our customers give us “the Nod “for having the clearest possible fee structure. It’s easy to understand, with nothing hidden. Below you will find the details of our lending charges, unlike other lenders, many of our fees are at zero or no cost to you.

Establishment Fee

Variable – Variable charge by Noddle

$295 to $990 depending the type of loan you qualify for, the amount you borrow and on your financial circumstances.

Monthly Fee

$0 Fee – No charge by Noddle

It's is a common practice by lenders to charge for their internal administration cost over the course of the loan – charged monthly. Noddle does not charge a monthly management fee.

Early Repayment Fee

$0 Fee – No charge by Noddle

Unlike some other lenders, Noddle will not charge you for getting on to top of your loans and paying them out early.

Dishonour Fee

$35 Fee - If an agreed repayment is NOT made

As a business, we incur a cost if you do not honour your repayment schedule, and for every time you do that a fee of $35 is charged against your loan.

You may avoid the dishonour fee, if you are aware that you may be unable to make your next repayment or a repayment in the future, please contact our customer service team as soon as possible to make an alternative arrangement.

Problems do ocassionally occur and we will do our best to work with you to get you back on track as smoothly as possible - however, you need to contact us, for us to be able to help you.

Default Fee – Account in arrears

$35 Fee – No additional charge by Noddle

Lenders often choose to add an additional fee to a loan if the account is in arrears by more than 30 days. At Noddle, the interest rate applied to a loan and agreed at the beginning is the ONLY interest rate that applies to the loan at all times throughout its duration.

Interest Rates

Car Loans Interest Rates

Credit criteria and terms and conditions apply. Representative example: based on a loan of $30,000 over 60 months a borrower with an excellent credit history can expect to pay a total of $36,366.60. Interest rates vary subject to a full credit assessment. This represents a comparison rate of 7.85% p.a. and includes all interest and fees included in your loan repayments over the life of your loan. For our car loan product the APR starts from a minimum of 5.85% (7.85% comparison rate) and a starting maximum of 29.99% (34.10% comparison rate). The minimum loan term is 12 months and the maximum loan term is 48 months.

WARNING: This comparison rate is valid 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 with the lender that finances your loan.

Personal Loans Interest Rates

Credit criteria and terms and conditions apply. Representative example: based on a loan of $10,000 over 36 months a borrower with an excellent credit history can expect to pay a total of $11,965.68. Interest rates vary subject to a full credit assessment. This represents a comparison rate of 12.05% p.a. and includes all interest and fees included in your loan repayments over the life of your loan. For our personal loan product the APR starts from a minimum of 8.69% (12.05% comparison rate) and a starting maximum of 21.24% (32.52% comparison rate). The minimum loan term is 9 months and the maximum loan term is 24 months.

WARNING: This comparison rate is valid 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 with the lender that finances your loan.

How can I keep the costs and charges on my loan low?

As a general rule, by offering security on your loan, you are more likely to achieve a lower interest rate.

During the course of your loan, you could incur a dishonour fee for missing an agreed payment date. This may be due to all sorts of reasons, some in your control and some out of your control. In any event, the best thing you can do to potentially avoid a dishonour fee is to contact your lender, Noddle, as soon as possible to explain the situation and make alternative arrangements.

What should I do if I know I will miss a repayment?

If you know that you will miss or are likely to miss a future payment, you should contact Noddle as soon as possible so that we can make adjustments to your loan schedule or to make alternative arrangements.

What should I do if I have missed a repayment?

If you have missed a payment, don't get stressed about it. The first thing you should do is contact Noddle to make alternative arrangements and to expain what went wrong. You may have incurred a loan dishonour fee. Noddle may be able to help with that too.

Are there any early loan payout charges?

If you wish to pay out your loan early, that is possible, and the great news is that with Noddle, there are zero early payout charges!

What should I do if my financial situation changes during my loan?

As a lender, Noddle knows that its customers' financial situations are likely to change, sometimes for the better and sometimes for the worse. In some cases, working hours may be reduced, there may be illness or they could lose their jobs.

If your financial situation has or will resulty in difficulty meeting your loan repayment obligations with us, please contact us as soon as possible and we can discuss temporary or longer term amendments to your repayment schedule. Failure to do so, may result in additional loan dishonour fees.

If Noddle refers me to another lender, will you charge me a loan finding fee?

Noddle is a lender. Noddle may earn a commission for a loan referral to another lender, who may be able to offer you a more suitable loan product. However any commission will be covered by the lender and no additional costs will be incurred by you, as the borrower.

We are Here to Help!

Contact Us

Call UsCall Us during office hours. 1300 574 719

Write to UsWrite to Us. If you need to write to us, our mailing address is below:

Noddle, Level 1, 349 Coronation Drive, Milton QLD 4064

60 Minute Loan Decisions

1 60 Minute Loan Decisioning and Approvals are an average, to be used as a guide for a typical customer and are not guaranteed. 60 Minute Loan Decisioning and Approvals are not available when applicants apply outside of our normal business hours of 8am till 4pm Monday to Thursday, 8am till 12 noon on Fridays and Saturdays AEST or public holidays.

Loans Paid Out in 60 Seconds

2 It is possible to have your funds sent to your bank account in 60 seconds, if you have a New Payment Platform enalbled (NPP-enabled) bank account. A large number of Australian banks use NPP including ANZ, Bendingo Bank, Bankwest, Bank of Melbourne, Commonwealth Bank, Citigroup, HSBC, ING, NAB, St.George and more. Check whether your financial institution is NPP-enabled.

Best Loan Rate for You

3 Noddle does not have one fixed loan rate which it uses for all customers and loan applications, but will offer tailored loan rates depending on your individual circumstances and financial profile, as reviewed, during your credit assessment. Noddle will work to offer our best loan rate we can give the customer. If we can't assist a customer at our best rate, we will review the application against the next tier and rate until we find a match for the customer. This allows us to say 'yes' and give more customers 'the nod' with Noddle.

If Noddle is unable to assist with a loan directly, we may refer the application to a third party panel of lenders to 'get the nod'.