Residential articles Article 6 of 9
General Process 
How to submit a deal 
Application Steps 
Income Requirements 
ID Verification 
Turnaround times 
How to get paid 
Early Payout 
Residential
Repayment Calculation
Updated 28 May 2026Please remember that this advice is general in nature. Each circumstance is different.
We are only brokering the deal for the customer. This means that we can potentially take the customer to different financiers.
Not all financiers have the same rules but we can generalise to better inform stakeholders in the process.
- Doc Fee
- $395
- Member Fee
- $2 per applicant
- Monthly Fee
- $10 per month
Variable Interest
- Our headline rate is variable.
- There is no guarantee that rates will stay the same.
Merchant Fees
- This is not a 0% or Buy Now Pay Later product.
- There is no merchant fees.
- Charge whatever you want, and you keep all of it.
How is it calculated
- Repayments are calculated using a Annuity Payment calculations.
- Interest is compounded monthly.
- 🤓 If you’re really nerdy and want to know the actual calculation, check out https://financeformulas.net/Annuity-Due-Payment-from-Present-Value.html
On deals more than $24,500, Solaris need to obtain bank statements from the customer. The process required to go through these bank statements is rather cumbersome and as a result we have to chart an extra fee.
On deals more than $24,500 Solaris will charge a 5% or $1,500 fee (whichever is less). All fees have been loaded into the calculator.
*Comparison Rates based on $30,000 green loan repaid over 60 months. WARNING: This comparison rate is true only for the example given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.