Target Market Determination - Razor Money

Skip to content

Fees
FAQ
Contact

Fees
FAQ
Contact

Target Market Determination

Small Amount Credit Contract (SACC)

Medium Amount Credit Contract (MACC)

Submit your application to borrow up to $5,000 today!

Credit Guide
Target Market Determination
Your Privacy And The Provision Of Credit
Australian Privacy Principle
FAQ

Credit Guide
Target Market Determination
Your Privacy And The Provision Of Credit
Australian Privacy Principle
FAQ

Razor Money Loan Example

We offer loans between $200 and $5,000. Our minimum loan term is 12 weeks and maximum is 52 weeks.

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.

A SACC loan amount of $1,000 over 30 weeks (repayable over 30 repayments): $1,000 (principal amount) + $200 (20% establishment fee) + $280 (fees based on 4% per month over 30 weeks) = $1,480 total repayable in 30 week instalments of $49.33.

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).

Loan Amount of $2,500 over 30 weeks (repayable over 30 weekly repayments): $2,500 (principal amount) + $400 (establishment fee) + $431.80 (reducing interest) = $3,331.80 total repayable over weekly instalments of $111.06.

Warning about Borrowing!

Legal

Credit Guide
Target Market Determination
Your Privacy And The Provision Of Credit
Australian Privacy Principle
FAQ

Credit Guide
Target Market Determination
Your Privacy And The Provision Of Credit
Australian Privacy Principle
FAQ

Contact Us

08 92740833
info@razormoney.com.au
2E/52 Helena St, MIDLAND, WA 6056

© Razorbay Pty Ltd. All Rights Reserved. 2024
* Razorbay Pty Ltd is an Australian Credit Licence Holder (Australian Credit Licence Number 411104)

WARNING: Do you really need a loan today?

It can be expensive to borrow small amounts of money and borrowing may not solve your money problems.

Check your options before you borrow:

For information about other options for managing bills and debts, ring 1800 007 007 from anywhere in Australia to talk to a free and independent financial counsellor
Talk to your electricity, gas, phone or water provider to see if you can work out a payment plan
If you are on government benefits, ask if you can receive an advance from Centrelink: www.humanservices.gov.au/advancepayments

The Government’s MoneySmart website shows you how small amount loans work and suggest other options that may help you.

*This statement is an Australian Government requirement under the National Consumer Credit Protection Act 2009*