Rates and Fees
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Lender Disclaimer
We are not a lender, and therefore we do not make credit decisions or determine APRs. The lender you are ultimately connected with will present you with a loan offer that includes the loan amount, annual percentage rate (APR) and the terms of repayment, among other information regarding your loan. Review this information carefully before signing for your loan.
Repayment
Repayment on personal loans is generally either monthly or once every two weeks, depending on your preferences and your lender terms. You may be able to have funds withdrawn automatically from your bank account on the date agreed upon with your lender. Be sure that you read and fully understand all policies regarding repayment and understand what you will have to do as a borrower to repay the loan. Your loan cannot be conditioned upon repayment by electronic funds transfer or automatic withdrawal.
Personal Loan Costs
The cost of a personal loan will depend on a number of factors related to your request, including the state you reside in, the lender you are connected with, how much you are borrowing, and the repayment terms of the loan. Your credit score may also be taken into consideration.
Typical Terms
While specific terms of personal loans will vary depending on our state, your lender and your specific circumstances, below is a general range of common terms.
- Loan amount: $100 – $5,000
- Lending period: 6 - 72 months
- Payment frequency: Once a month or twice a month
- APR: Will vary based on your credit score, repayment history and other factors
- Prepayment penalty: None
Personal Loan Example
| Amount | Period | APR | Monthly | Total Paid |
|---|---|---|---|---|
| $2,000 | 24 month | 12% | $94.15 | $2,259.60 |
| $2,000 | 24 month | 24% | $105.74 | $2,537.76 |
| $2,000 | 24 month | 35.99% | $118.09 | $2,834.16 |
Late Payments
It is important to understand the consequences of making late payments on your loan. Each lender has its own policies on how to handle late payments as governed by state regulations.
We strongly recommend that you review all the documentation provided by the lender before signing the loan agreement to understand any potential fees and penalties resulting from late payment.
Non-payment
It is important to understand the consequences of non-payment on your loan. This could result in additional fees and collection activities including legal action. Each lender has its own policies on how to handle non-payments as governed by state regulations.
We strongly recommend that you review all the documentation provided by the lender before signing the loan agreement to understand any potential fees and penalties resulting from non-payment. Lenders within our network must observe FTC policies and practice fair debt collection.
