Rates & Fees
We believe in complete transparency. Here's everything you need to know about our loan terms.
Representative Examples
| Loan Amount | Term | APR | Monthly Payment | Total Repayment |
|---|---|---|---|---|
| $500 | 6 months | 24.99% | $89.15 | $534.90 |
| $2,000 | 12 months | 18.00% | $183.36 | $2,200.32 |
| $2,000 | 24 months | 18.00% | $99.85 | $2,396.40 |
| $5,000 | 24 months | 15.00% | $242.43 | $5,818.32 |
Understanding Fees
Some lenders may charge an origination fee, typically 1-8% of the loan amount. This fee is disclosed before you accept any offer and is often deducted from the loan proceeds.
If you miss a payment, lenders may charge a late fee, typically $15-$30 or 5% of the payment amount. We encourage setting up automatic payments to avoid late fees.
Good news — most of our lending partners do not charge prepayment penalties. You can pay off your loan early and save on interest without additional fees.
If a payment is returned due to insufficient funds, a fee of $15-$35 may apply. Ensure your account has sufficient funds on payment dates.
Understanding APR
APR (Annual Percentage Rate) represents the total yearly cost of borrowing, including interest and certain fees. It allows you to compare loan offers on an equal basis.
Your actual APR depends on several factors:
- Your credit history and score
- The loan amount you request
- The repayment term you choose
- Your income and employment status
- State regulations where you reside
Tip: A shorter loan term typically means higher monthly payments but less total interest paid. Use our loan calculator to find the right balance for your budget.