Fees & Charges

What fees are applicable on a Guardian loan?

The only fee applicable is an upfront administration fee which is deducted from the loan advance.

Is the interest rate fixed or variable?

The interest rate is fixed for the term of the loan.

How is interest calculated?

Interest is calculated daily by applying the daily percentage rate (being the annual percentage rate divided by 365) to the balance at the end of the day. Interest charges accrue daily and are debited in arrears on the last day of the month.