Rates
There are several types of loans out there. But unlike most loans, installment loans
are designed to offer short-term finiancial relief thats best suited for unexpected
emergencies.
Loan Amount
The minimum initial amount is $200.00
The maximum loan amount will be $2,000.00
Cost of Your Loan
The total payments due and APR will be disclosed on your loan agreement. The payment schedule on your loan agreement will include the number of payments, payment amounts and payment dates for the duration of the loan. For details on the specific fees of your loan, please see your loan agreement. Late fees and non-sufficient funds / returned item fees may apply as described in your loan agreement. Examples of the total payments for your loan are provided in the table below. To minimize the cost of your loan, we strongly recommend that you pay your loan in full or make additional payments as soon as you can. There are no penalties for early payoff.
Payment Schedules:
Your full payment schedule will be included in your loan agreement. You can reduce the total cost of your loan by paying off your loan prior to your last due date on your payment schedule or by making additional payments on or between your payment due dates. You control how soon you wish to pay your loan off. There will not be any prepayment penalties.
Below is a sample payment schedule for a $300 loan with biweekly payments. Please note that your APR may vary based upon your total loan duration and amount funded. Remember that the sooner you pay back your loan, the less your total loan cost will be. If you are interested in paying your loan off soon and reducing the total cost of your loan, please call a Customer Service Representative to make payment arrangements.
| Installment Loan Schedule | |||||
|---|---|---|---|---|---|
| Loan Amount | Number of Payments | Total Finance Fees | Total Principal Payments | Total Payments | Annual Percentage Rate |
| $300.00 | 12 | $759.04 | $300.00 | $1059.04 | 725.00% |
| Payment Number | Due Date | Total Payment Due |
|---|---|---|
| 1 | 10/4/2019 | $88.27 |
| 2 | 10/18/2019 | $88.27 |
| 3 | 11/1/2019 | $88.27 |
| 4 | 11/15/2019 | $88.27 |
| 5 | 11/29/2019 | $88.27 |
| 6 | 12/13/2019 | $88.27 |
| 7 | 12/27/2019 | $88.27 |
| 8 | 1/10/2020 | $88.27 |
| 9 | 1/24/2020 | $88.27 |
| 10 | 2/7/2020 | $88.27 |
| 11 | 2/21/2020 | $88.27 |
| 12 | 3/6/2020 | $88.27 |
Funding Timeframes:
Applications processed and approved by 2:00pm CT time will typically be funded as soon as the same business day. Business days are Monday-Fridays excluding banking holidays.
Late / NSF Fees:
If a payment is not made by your due date, you will be subject to additional fees. If a payment is returned because there are insufficient funds in your account, or your payment is dishonored by your financial institution for any reason, then you will be assessed an NSF fee of $15. If any payment is late by more than (5) five days after the due date, then you will be assessed an additional late fee equal to 10% of the payment amount missed.