The Small loan with BIG protections for consumers
Here’s what you need to know about a SACC (Small Amount Credit Contract) or small loan that has BIG protections for consumers in Australia.
A small loan is highly regulated by the Australian Government, it can only be provided by ASIC licensed lenders, and has the highest level of consumer protection of any personal loan on the market.
What protections can consumers expect of a small loan or Small Amount Credit Contract?
In Australia SACCs are available from 16 days to 1 year for up to $2,000, with capped fees. By choosing a SACC or small loan, consumers can be assured of:
- Affordable repayments
- Capped government set fees
- Debt spiral protection
- ASIC licensed lender protections
- Free dispute resolution
- And knowledge that a SACC or SMALL LOAN comes with BIG protections for consumers