Rates

Loan Terms

Your first scheduled loan payment will be at a minimum 5 days from your funding date.

The Annual Percentage Rate (APR) calculation below is an approximation based upon your pay frequency. The cost of your credit will be clearly disclosed to you in terms of dollar amount of finance charges and the APR according to the principles of Federal Truth in Lending regulations.

For all details of your specific loan, always refer to your actual signed loan agreement contract. Late charges and non-sufficient funds/returned item charges of $30 each respectively may apply as described in your loan agreement.

If we extend credit to a consumer, we will consider the bank account information provided by the consumer as eligible for us to process payments against.

Minimum loan amount for all customers is $300.00 (if approved) Maximum loan amount for returning customers is $1000.00 (If approved)

 

Loan Example

The payment schedule here under illustrates the dates, amounts and APR a customer would pay for a $300 loan unless additional payments are made. You may pay back your loan at any time without any additional fees. Therefore you can keep your loan as long as you need it.  We encourage customers to pay back their loan as soon as possible to reduce the amount of finance charges. Paying back your loan earlier will save you money. For any Questions please contact our customer service line at 1-800-501-3006.

The example Payment Schedule will be:

Approximate Payback Period: 6-7 Months. 
Total Finance Charge: $666.59  Total of payments: $966.59
Number of Payments: 12
APR 715.3%
Payment Number Payment Amount When Payment is due
1
$80.53
1/19/2018
2
$80.53 2/2/2018
3
$80.53 2/16/2018
4
$80.53 3/2/2018
5
$80.53
3/16/2018
6
$80.53
3/30/2018
7
$80.53
4/13/2018
8
$80.53
4/27/2018
9
$80.53
5/11/2018
10
$80.53 5/25/2018
11
$80.53 6/8/2018
12
$80.53 6/22/2018

This is an expensive form of borrowing, and it is not intended to be a long-term financial solution. Paying off your loan early could save you money.

Some key words:

  • APR is the Annual Percentage rate.
  • FINANCE CHARGE is the dollar amount of the finance fee.
  • AMOUNT FINANCED is the amount of credit provided to you or on your behalf.
  • TOTAL OF PAYMENTS is the amount you will have paid after you have made all payments as scheduled.
  • RETURNED ITEM is a payment that was not received or  did not clear by your bank.
  • LATE FEE is a fee that will be applied if the payment is not available on the due date.
  • DUE DATE is the date on which the payment is due.