Anyone have an idea of profit margin for the fido product.
Looking at the fee structure it is the 2.50 forthnightly fee and 3 monthly fee. So 101 per year. 30 origination fee that goes to the retailer.
So equivalent to 10% interest p.a. for a 1000 product which isn't really that high. Wondering how tsm makes money from this unless they get a commission from the retailer on top of it.
fido product, page-3
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