Perfect Payday Fees & Charges

Quick honesty note. Perfect Payday is not a lender. It’s a trading name of Tiny Ventures (ABN 52 168 226 480), Credit Representative No. 516845 — a credit referral service. When you apply, we may pass your details to a panel of licensed lenders who assess your application and set any fees. We don’t decide that, and we don’t charge you.

When people search for Perfect Payday fees and charges, they usually want one clear answer: what will this cost me? The short version is that using Perfect Payday is free for you. We don’t charge consumers anything to compare options or to be matched with a lender. This page explains exactly how we’re paid, and — separately — the fees a licensed lender on our panel may legally charge if you take out a loan.

Perfect Payday fees and charges: what we charge you (nothing)

There is no consumer fee for using Perfect Payday. You won’t be charged to:

• Read our guides and comparisons,
• Submit an application, or
• Be referred to a licensed lender on our panel.

You only ever enter a credit contract — and pay any fees — if you choose to accept an offer directly from a licensed lender. Applying through us is free, doesn’t commit you to anything, and never guarantees approval; lenders are legally required to assess whether a loan is suitable and affordable for you.

How Perfect Payday gets paid

We’re a referral service, so our income comes from the lenders in our panel, not from you. When a licensed lender accepts a referral and you go on to take out a loan with them, that lender may pay us a referral fee (sometimes called a commission).

A few things that matter about that arrangement:

• It never adds to your cost. The fees you pay are set by the lender within the legal caps below — our referral fee comes out of the lender’s side, not yours.
• It doesn’t change the lender’s decision. Whether a licensed lender approves you, and on what terms, is their responsible-lending assessment alone.
• It doesn’t change your rate. We can’t set, raise or negotiate the fees a lender charges.

You can read more about who we are and how the service works on our about page.

What licensed lenders may charge: the legal SACC caps

Most short-term loans in Australia are Small Amount Credit Contracts (SACCs) — loans of up to $2,000 repaid over 16 days to 12 months. SACCs don’t carry an interest rate in the usual sense. Instead, the law caps the fees a licensed lender can charge:

These are maximums, not the figure every lender charges. Your actual fees depend on the licensed lender who assesses you and your circumstances. Larger loans (Medium Amount Credit Contracts over $2,000) are structured differently and can include interest — for a full breakdown, see our guide to payday loan fees explained.

An illustrative example — the most it could cost

This shows the legal maximum a SACC lender could charge on $1,000 over 6 months under the caps above. It is not a quote — your real fees depend on which licensed lender assesses your application:

• Establishment fee: 20% × $1,000 = $200
• Monthly fee: 4% × $1,000 × 6 months = $240
• Maximum cost of credit: $440 → you’d repay up to $1,440.

We show the ceiling deliberately, so you can judge the worst case before you apply. Many applicants are offered less; none can legally be charged more on a SACC.

Check the numbers for yourself

We think the most trustworthy comparison is one you can verify. Before you commit to any loan, it’s worth using an independent source:

• ASIC Moneysmart runs a free payday-loan calculator and a plain-language guide to fees and caps.
• The National Debt Helpline (1800 007 007) offers free, confidential financial counselling — not a sales pitch.

If you’ve weighed the cheaper options and a small short-term loan is still the right fit, you can apply below — free, with no obligation. We’ll pass your details to a licensed lender who assesses affordability and makes any decision.