APR and Charges
Every lending situation is unique. The loan amount, affordability of repayments, income, previous credit, and period of employment are a few factors to consider when determining the APR rate offered to a borrower.
The first stage of receiving your APR rate, if you qualify, is to complete our quote request process. Once you complete this, you will receive the entire loan terms, including the APR rate of any loan offer. This rate can range from a minimum of 4.9% to a maximum of 35.9%, and the borrowing period can range from 61 days to 36 months.
Below we have listed sample rates as a guide, including all charges, repayment amounts, and borrowing periods in compliance with the TILA. However, these do not reflect the actual APR rate that may be offered, which could be at the higher or lower end of the above ranges. Please be advised that the lower APR rate range may be subject to certain conditions and limitations. State of residence is also a factor, for certain loan products may not be offered within certain states due to state-level legislation.
Representative Examples
The following represent sample rates and are for informational purposes only. The repayment terms are for closed-end loan products.
If you borrowed $1,000 over 12 months and the loan had a 3% arrangement fee of $30, your monthly repayments would be $94.56, with a total payback amount of $1134.72, which including the 3% fee paid from the loan amount, would have a total cost of $164.72. Representative 29.8% APR.
If you borrowed $2,000 over 24 months and the loan had a 5% arrangement fee of $100, your monthly repayments would be $100.82, with a total payback amount of $2419.68, which including the 5% fee paid from the loan amount, would have a total cost of $519.68. Representative 24.1% APR.
If you borrowed $5,000 over 48 months and the loan had an 8% arrangement fee of $400, your monthly repayments would be $134.14, with a total payback amount of $6438.72, which including the 8% fee paid from the loan amount, would have a total cost of $1838.72. Representative 17.2% APR.
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