Secured Asset Loan vs Payday: Which Suits?

26/08/2026/0 Comments/by

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AutoPawn are not Pay Day Lenders or Personal Loan Facilitators.

Loans are for 90 days. Interest is calculated per month or part there of.

A Monthly Percentage Rate (MPR) of 25% is charged.

For example if you were to borrow $1,000 the interest would be calculated at 25% per month (or part thereof) equating to $250 per month.

The Annual Percentage Rate (A.P.R.) of 300%. However we stress that these loans are specifically designed to be short term loans are for 90 days not annual loans.

Phone 1300 55 66 80

Secured Asset Loan vs Payday: Which Suits?

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