Included in our swag of junk mail this morning was a flier for mob that do personal loans, anyway they happened to include the various costs associated with taking out a loan - they are:

20% establishment fee

4% flat monthly fee

plus the normal I.D. sureties etc.

So, if you want to borrow $1000 for a year the costs are:

Establishment fee = $200

4% flat monthly fee (4 X 12) = $480

So at the end of the year you have paid back $1680 including the $1000 you borrowed.   That's an annual interest rate of 68%. 

And they reckon caravan park owners are sharks!

ps...fine print says "additional fees and charges may be applied in the event of default"