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If you take a look at some of the payday loan solutions currently available in Australia, you will see interest rates of 48% being offered. Another part of the problem is that these providers often appeal to customers by advertising the repayment amount as their headline. Seeing your weekly repayment is “Just $70 a week” 

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This is an estimate only. It is provided for illustrative purposes and is based on the accuracy of information provided. It does not constitute a quote. All applications for credit are subject to So Easy Loans normal lending criteria. Terms and conditions available on application. Fees and charges apply. Australian Credit Licence