Breezy charges three fees and nothing else. There are no hidden costs, no penalty clauses buried in fine print, and no fees that appear after you sign. This page explains every fee in plain language so you know exactly what your loan will cost before you apply.
One-time charge at loan commencement
Charged each month throughout the term
Only if a scheduled payment fails
Repay early at any time — no penalty
Below is a plain-language explanation of each fee, when it applies, how it is calculated, and what it means for your total loan cost.
The establishment fee is a one-time charge applied when your loan is set up. It covers the cost of processing your application, verifying your financial information, preparing your loan contract, and disbursing funds to your account.
The fee is calculated as 20% of your approved loan amount and is typically deducted from the funds at the time of disbursement or added to the total amount owing, depending on how your loan contract is structured. It is disclosed upfront in your loan contract before you sign.
The establishment fee is not charged again at any point during the loan term. It is a single, one-off cost applied only at the start of the loan.
The monthly fee is an ongoing charge applied each month throughout the life of your loan. It is calculated as 4% of the original loan amount — not the outstanding balance — and is the same fixed dollar figure each month from the first repayment to the last.
For example, on a $10,000 loan the monthly fee is $400 per month. This amount does not decrease over time as the principal reduces, because it is based on the original loan amount rather than the current outstanding balance.
The monthly fee is incorporated into your scheduled repayment amount. You do not pay it separately. Your loan contract shows the exact monthly fee amount applicable to your loan, and this figure is confirmed before you sign.
A dishonour fee of $27.50 is charged when a scheduled direct debit repayment cannot be processed due to insufficient funds in your nominated bank account. This fee covers the administrative cost of processing the failed payment and attempting re-collection.
The most effective way to avoid this fee is to ensure your nominated account has sufficient funds on or before each scheduled repayment date. Because repayments are aligned with your payday, this is typically straightforward to manage — your income arrives and your repayment processes the same or next day.
If you believe a payment may fail due to a timing issue or unexpected expense, contact the Breezy team as early as possible before the scheduled date so we can work with you on an alternative arrangement.
You may repay your Breezy personal loan in full at any time before the scheduled end date without incurring any fee or penalty. This applies regardless of how early you repay — whether after one month or one week before the end of your term.
Early repayment also results in a genuine financial saving. Because interest and monthly fees accrue only for the periods the loan is outstanding, settling early stops those charges from continuing to accumulate. The payout figure is calculated on the outstanding principal and accrued charges to the settlement date only.
To arrange early repayment, contact the Breezy team and we will calculate your exact settlement figure and guide you through the process. There are no administrative hurdles to clearing your loan ahead of schedule.
Select your loan amount and term to see an estimated breakdown of every cost component. All figures are illustrative and your actual costs will be confirmed in your loan contract.
Adjust the sliders to model your scenario
Many lenders include fees that are easy to miss. Breezy does not charge any of the following, and never will.
Repay your loan ahead of schedule at any time with zero penalty.
Submitting an application costs nothing. You are not charged to apply.
There is no separate fee for processing your paperwork or verifying your information.
Closing your loan account at any point carries no exit or account closure fee.
There is no ongoing account management or administration fee separate from the disclosed monthly fee.
Breezy personal loans are not revolving credit products and do not have redraw features or associated fees.
Your interest rate is fixed automatically at approval. There is no fee to lock in your rate.
A dishonour fee of $27.50 applies to failed payments, but there is no separate late payment penalty on top of that.
Under the National Consumer Credit Protection Act, all fees must be disclosed before a loan contract is signed. Here is exactly how Breezy presents this information to you.
Your loan contract includes a schedule that lists the approved loan amount, the applicable interest rate, the loan term, the repayment frequency, and the exact scheduled repayment amount. The establishment fee and monthly fee are both itemised in this schedule.
The contract also states the total amount payable over the full loan term, which includes the principal, total interest, establishment fee, and all monthly fees combined. You can see the full cost of the loan in a single figure before you commit.
A separate fee disclosure statement outlines each fee by name, the amount or formula used to calculate it, and when it applies. This is presented alongside the contract and must be read and acknowledged before signing.
Once you sign your contract, no new fees can be introduced. The fees in your signed contract are the only fees that will ever apply to your loan. If any fee listed in this guide does not appear in your contract, it will not be charged.
Breezy charges three fees and nothing else. Your establishment fee, monthly fee, and any dishonour fee are all confirmed in your contract before you sign. Apply online in minutes.
Apply NowBreezy Loans Pty Ltd holds Australian Credit Licence 389610. Personal loans from $2,100 to $70,000. Establishment fee 20% of approved loan amount charged once at commencement. Monthly fee 4% of original loan amount charged each month for the loan term. Dishonour fee $27.50 per failed direct debit repayment. No early repayment fee. Interest rates from 29.9% to 39.9% p.a. depending on loan amount. Loan terms from 4 to 24 months. All fees and the applicable interest rate are disclosed in full in your loan contract before signing. Cost estimator figures are illustrative only. Actual costs are confirmed in your loan contract. Credit is subject to approval. This information is general in nature and does not constitute financial advice.