Rates & Fees

APR Information

We are not a lender and do not provide short term loans. We provide a loan finding service by connecting Consumers looking for loans with lenders who may provide such loans. Only your lender can provide you with information about your specific loan terms including APR, fees, charges, and repayment period. Ask your lender for their current rates, fees, charges, and policies for non-payment.

The Annual Percentage Rate, or APR, refers to the total cost of a loan on a yearly basis. It takes into consideration the interest rate, the costs and fees associated with the loan as well as the repayment terms. If a lender had no fees whatsoever other than the interest charged on the loan, the APR and the interest rate would be the same. Because APR is an annual calculation, it appears very high when applied to short-term loans that are intended to be repaid over a number of weeks or a few months.

Representative APRs associated with short-term loans from lenders participating in our network typically range from 260.71% to 1825.00%. APRs vary according to the information supplied in your loan request and each lender’s policies, rates, and terms.

Lenders are required by law to disclose the APR to consumers before a consumer loan can be issued. All financial terms of your loan, including APR, fees, charges, and repayment period, will be provided to you by your lender and may vary by lender, state, and your individual creditworthiness.

Good News! Borrowers may qualify for installment loans and personal loans at lesser rates than short-term loans. Most consumers who have applied through our service have only qualified for a short-term loan product.

Penalties Based on Late Payments or Non-Payment

Even with the best intentions of responsible repayment, life can get in the way of our financial plans. Circumstances such as divorce, serious illness or unemployment can sneak up and make repayment seem like it’s out of reach.

If these unfortunate events occur, it’s important not to shy away from your lender. Don’t hesitate to contact them to explain your crisis. You may be surprised to know that creditors are often willing and flexible in adjusting your repayment schedule. Aside from adjusting your repayment schedule, you and your lender may decide to renew or refinance your loan. However, keep in mind that these options may increase the overall interest and fees that you’re responsible for paying.

Late payment or non-payment of loans may result in additional fees or collection activities, or both. Every lender has their own renewal or refinancing policy, and these policies differ from lender to lender. You should review your lender’s policies for further information.

Responsible Borrowing

We strive to connect customers with a long-term financial solution and adhere to the OLA Responsible Lending Policy. Short-term credit should not be used as a long-term financial solution. New monthly credit payments should only be utilized when you’re spending is less than your monthly income. The additional credit also should not take away from the amount of money you’ve committed to saving. If you abuse your borrowing rights, you can damage your personal finances, and incur additional fees. Avoid creating a cycle of debt by following responsible borrowing practices and seek credit counseling if you need help managing your credit difficulties.