A Medium Amount Credit Contract (MACC) is recognized by the National Consumer Credit Protection Act (NCCP Act) as a loan ranging between $2,001 and $5,000, with a duration between 16 days and 2 years.

A Small Amount Credit Contract (SACC) is recognized by the National Consumer Credit Protection Act (NCCP Act) as a loan of up to $2000 where the term of the contract is between 16 days and 12 months.

You can qualify for loans ranging from $200 to $5,000 through us.

Our SACC (small amount credit contract) loans of $200 to $2,000 include an upfront Establishment Fee of 20% with a monthly maintenance fee of 4% charged on the anniversary of your loan’s start date.

Our MACC (medium amount credit contract) loans of $2,001 to $5,000 include a flat upfront $400 Establishment Fee with a 48% APR (Annual Percentage Rate).

Post contract signature and return, we typically disburse funds within an hour, with the cash generally reaching you within 24 hours depending on your bank’s processing times.

Repayment flexibility is offered with terms from 16 days to 12 months.

No penalties are levied for early loan repayment. You are free to settle your loan ahead of schedule without extra charges.

Yes, loans may still be obtainable despite a poor credit history. We recognize many of our clients have faced credit challenges.

Our application process is primarily electronic, eliminating the need for physical paperwork in most instances.

Credit checks might be conducted and if performed, will be recorded as an inquiry on your credit file.

We’ll need your recent 90-day bank statement and detailed income and expense records. Additionally, a copy of your driver’s license or photo ID and a utility bill confirming your address may be required. These can be submitted electronically or discussed over the phone.

We tailor your payment plan to your personal situation. Early full repayment incurs no cancellation fees and is encouraged. However, if you anticipate a late payment, please contact us a business day in advance to discuss potential adjustments or rescheduling. Note that ongoing fees may accrue for each week a loan is past due beyond the original schedule. Defaults may be recorded if the account is over 60 days in arrears.

We adhere to legal obligations to thoroughly assess your financial needs, objectives, and situation. We must ensure that any credit we offer is not unsuitable for you and avoid providing unsuitable credit.

Credit Sense, an Australian company, provides secure banking technology to streamline the process of accessing your bank statements, saving time and ensuring privacy. We utilize 128-bit SSL and end-to-end encryption for data protection, similar to banks. We have ‘Read Only’ access to your bank data, ensuring no changes or transactions can be made. Your banking credentials remain confidential and protected within our system. More details about Credit Sense are available at their website: https://creditsense.com.au/consumers.

If you need to get in touch with RazorMoney, there are several convenient ways to do so. You can reach them by phone at 08 9274 0833 or send an email to info@razormoney.com.au for any inquiries or support. Additionally, you can visit their office located at 2E/52 Helena St, MIDLAND, WA 6056. The team at RazorMoney is always ready to assist you with your financial needs, ensuring you receive the best possible service.

Yes! You are welcome to put extra money on your loan at any time to cover a missed payment or simply get it paid out faster.

You can make a direct deposit into our Bank Account at any time using your SURNAME or LOAN ID as a reference and we will allocate this amount to your loan manually once received.

Our Account Details are:

NAB
Name: Razorbay P/L
BSB: 086288
Account #: 119197445
Reference: SURNAME or LOAN ID

There is no penalty for early payment of your loan and it is encouraged as you will save money on additional fees/interest that would have accrued over the full term of your loan.