Small Loans
For our Small Loans of $2,000 or less, an APR (Annual Percentage Rate) doesn’t apply. These are fee-based only, and so they don’t have an APR. The establishment fee is 20% of the amount borrowed and the monthly fee is 4% of the amount borrowed.
Example
For example, a loan of $1,000 repaid over 4 months equates to a total payable of $1,360. This is comprised of $1,000 principal (the amount borrowed), $200 establishment fee, and a total of $160 in monthly fees.
Medium Loans
For our Medium Loans between $2,001 and $5,000. The base interest rate may vary depending on the loan product. The maximum rate we use is 48% and an Establishment Fee of $400.
Terms
Terms for our Small Loans are 1 to 12 months, and for our Medium loans, it is up to 2 years. With each, you can repay your loan any time without being charged additional fees, and it will reduce your interest and fee cost overall.
