Rates and Fees
We aim for complete transparency regarding our loan products. Below, you’ll find a breakdown of the interest rates, loan amounts, terms, and potential fees associated with our loan types. Please note that rates and fees may vary based on your location and individual circumstances.
Personal Loans
Personal loans are flexible loans generally used for larger purchases, consolidating debt, or emergency expenses.
- Annual Percentage Rate (APR): Typically ranges from 6% to 36%, depending on your creditworthiness, loan amount, and loan term.
- Loan Amount: Generally ranges from $1,000 to $100,000.
- Loan Term: Typically between 12 and 60 months.
- Origination Fee: May range from 1% to 8% of the loan amount.
- Late Payment Fee: Varies, but is generally between $15 to $50 or 5% of the payment due.
- Prepayment Penalty: None, allowing you to pay off your loan early without extra costs.
- Non-Sufficient Funds (NSF) Fee: $15 to $35 if a payment is returned due to insufficient funds.
Cash Advance
Cash advances are short-term loans typically used for small, urgent expenses. These are often based on your credit card or bank account and come with high interest rates.
- Annual Percentage Rate (APR): Typically ranges from 15% to 29% for credit card cash advances or up to 400% for payday cash advances.
- Loan Amount: Typically ranges from $50 to $500, depending on your credit limit or lender.
- Loan Term: Typically 14 to 30 days.
- Transaction Fee: Credit card advances usually carry a fee of 3% to 5% of the amount withdrawn.
- Late Payment Fee: Can range from $20 to $40 if you miss a payment.
- Additional Finance Charges: Interest accrues immediately on cash advances without a grace period.
Payday Loans
Payday loans are short-term, high-interest loans designed to cover small emergency expenses. These loans are generally repaid in full by your next payday.
- Annual Percentage Rate (APR): Can range from 200% to 700% or higher, depending on state regulations and loan terms.
- Loan Amount: Typically ranges from $100 to $1,000, depending on your state and lender.
- Loan Term: Typically 14 to 30 days, usually tied to your next payday.
- Finance Charge: For every $100 borrowed, the fee ranges from $10 to $30, depending on your state.
- Late Payment Fee: Often ranges from $10 to $50, depending on state laws.
- Rollovers: Some states allow rollovers, which means you can extend the loan term, but additional fees apply.
- NSF Fee: $15 to $40 if the payment is returned due to insufficient funds.
Installment Loans
Installment loans are medium-term loans that are paid back in fixed monthly payments over time. They can be used for various personal needs, like home repairs or unexpected expenses.
- Annual Percentage Rate (APR): Ranges from 6% to 36%, depending on your credit score, loan amount, and loan term.
- Loan Amount: Typically ranges from $500 to $10,000 or more, depending on the lender and state regulations.
- Loan Term: Usually between 6 months and 60 months.
- Origination Fee: Can range from 1% to 10% of the loan amount.
- Late Payment Fee: Generally ranges from $10 to $50 or 5% of the missed payment.
- Prepayment Penalty: None, meaning you can repay the loan early without additional fees.
- NSF Fee: $15 to $35 for insufficient funds on a returned payment.
Important Notes on State Regulations
Rates and fees, especially for payday and installment loans, may vary significantly depending on state-specific regulations. Be sure to check the maximum allowable APR, fees, and loan amounts in your state.
Have Questions About Our Rates and Fees?
We’re here to help! Contact us for more information on any of our loan products, or to get personalized loan terms based on your financial situation.
This format can be adjusted to fit your specific state and product offerings while keeping the structure informative and compliant with U.S. lending regulations.
