RATES & FEES
Avoid any surprises by learning about your states rates and terms up front.
The above information assumed there are no installment payments due before your payoff.
PAYOFF EXAMPLE: For a $100 Loan with an APR Interest Rate of 467.71%:
If you payoff in 7 days from the date you receive your loan: your payoff will be $108.97, the $100 borrowed and $8.97 in interest. No other fees or expenses will be charged.
If you payoff in 14 days from the date you receive your loan: your payoff will be $117.94, the $100 borrowed and $17.94 in interest. No other fees or expenses will be charged.
YOU CAN PAYOFF YOUR LOAN AT ANY TIME.
One of the Most Important features of your Loan is that there is no prepayment penalty and you can pay it off anytime and avoid interest that has not yet accrued.
The Minimum Loan Amount Available to a customer is: $50
The Maximum Loan Amount Available to a customer is: $2500
The Maximum Annual Percentage Rate that is currently being charged for Loan in this state is: 651%. Your APR Rate will vary based upon credit terms and typically range from 416% - 651%.
Rates are subject to approval. Loan amounts and rates may vary. Installment payments can be scheduled for every 14-31 days depending on the borrower although the first payment can be shorter but not less than 3 days from the date of the Agreement.
INTEREST, COSTS AND FEES
The Disclosure below is an example of a 12 month installment loaned paid bi-weekly. Rates and terms vary based on the Loan Amount. Please see your specific Loan Agreement for your APR and other terms for your Loan. Please ask questions and make sure your questions are answered. Please make sure you understand the costs and terms of your loan.
EXAMPLE FOR A 12 MONTH INSTALLMENT LOAN.
The following is intended to be an example of the fees and interested charged for $100 Loan taken out on June 3, 2015 for a term of approximately 12 months with bi-weekly payments.
Your actual interest and fees may vary and will be set forth in your Agreement.
This is only an example. If you payoff your loan at any time before 1 year, you will not pay the total payments and you will only pay interest for the time your loan is outstanding.
FEDERAL TRUTH-IN-LENDING DISCLOSURE STATEMENT
|ANNUAL PERCENTAGE RATE||FINANCE CHARGE||Amount Financed||Total of Payments|
|The cost of your credit as a yearly rate.||The dollar amount the credit will cost you.||The amount of credit provided to you or on your behalf.||The amount you will have paid after you have made all payments as scheduled.|
PAYMENT SCHEDULE: 25 bi-weekly payments of $18.24 starting on 06/17/2015. 1 Final payment of $17.64 due on 06/01/2016 for a total of 26 payments.
|SECURITY: Your "VOLUNTARY AUTHORIZATION AGREEMENT FOR ELECTRONIC RECURRING PAYMENTS" is security for this loan.|
|LATE PAYMENT: If a payment is 15 days late, you may be charged 5.00% of the unpaid portion of the payment or $15.00 whichever is greater, up to $50 maximum late payment.|
|PREPAYMENT: If you pay off early, you will not have to pay a penalty.|
|See the information below and on additional pages for additional information about contract terms, nonpayment, and default.|
PLEASE NOTE THAT THE ABOVE EXAMPLE IS BASED ON NO EARLY PAYOFF AND A CUSTOMER CHOOSING TO KEEP THE LOAN OUT FOR 12 MONTHS.
Please note that the amounts and schedule referenced above is an example and your rates, fees and terms may vary. Please make sure you verify and understand your loan before signing your loan documents. Your loan will be govern by your stateâ€™s laws. Questions or complaints may be directed at your stateâ€™s regulatory agency. Please click HERE for contact info.