Three ways to borrow, side by side.
Bridge runs on fees, not interest. Forward and Ascend run on interest with one set-up fee and nothing else. Here's how they stack up.
$500 to $2,000 over 6 to 12 months. No interest, ever. You pay an establishment fee and a monthly fee, worked out before you sign. Total fees never go above 40% of what you borrow, no matter how long you take.
$2,001 to $5,000 over 12 to 24 months. One set-up fee and no monthly account fee. That's it.
WARNING: this comparison rate is true only for this example and may not include all fees and charges. Different terms, fees or loan amounts might result in a different comparison rate.
$5,001 to $10,000 over 12 to 36 months. One set-up fee and no monthly account fee. Our biggest loan, same straightforward pricing.
WARNING: this comparison rate is true only for this example and may not include all fees and charges. Different terms, fees or loan amounts might result in a different comparison rate.
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. The Australian Government's MoneySmart website (moneysmart.gov.au) shows how small amount loans work and other options that may help you.
The fine print, laid out
| Float Bridge | Float Forward | Float Ascend | |
|---|---|---|---|
| Amount | $500 to $2,000 | $2,001 to $5,000 | $5,001 to $10,000 |
| Term | 6 to 12 months | 12 to 24 months | 12 to 36 months |
| Interest | None | Interest: 18.00% to 29.99% a yearComparison rate: 30.00% a year Comparison rate example: $3,000 over 18 months. WARNING: this comparison rate is true only for this example and may not include all fees and charges. Different terms, fees or loan amounts might result in a different comparison rate. | Interest: 18.00% to 27.99% a yearComparison rate: 27.18% a year Comparison rate example: $8,000 over 24 months. WARNING: this comparison rate is true only for this example and may not include all fees and charges. Different terms, fees or loan amounts might result in a different comparison rate. |
| Establishment fee | 15% of the amount borrowed | 6% of the amount borrowed, up to $400 | 5% of the amount borrowed, up to $400 |
| Monthly fee | 3% of the amount borrowed | None | None |
Bridge and Forward/Ascend are not directly comparable on a single number, since one is priced in fees and the other in interest. See each product's page for a worked example.