Sample Loan Amounts and Monthly Payments

  • Installment Loans range from $100 - $500, in even hundred dollar increments.

     

  • Loan payments will be set up in six substantially equal installments, starting one month from the date you take out the loan.

     

  • The cost of a loan is set as follows:
    • Interest Rate: 45% per annum simple interest
    • Origination Fee: 20% of the amount financed for the first $300 and 7.5% of the amount financed on amounts above $300
    • Maintenance Fee: 7.5% of the amount financed up to a maximum of $30 per month (this fee is waived during the first month of the loan)