Cost |
$16.50 per $100 A payday loan costs $16.50 per $100 borrowed. For example, a $100 loan due in 14 days would have a total repayment of $116.50 and has an APR (Annual Percentage Rate) of 430.18%.* |
$22 per $100 A signature loan costs $22 per $100 borrowed. For example, a $100 loan due in 14 days would have a total repayment of $122 and has an APR (Annual Percentage Rate) of 573.57%.* |
Daily Simple Interest 0.555% The amount of payments will vary based on the loan amount, the number of payments and the length of the loan. Using a $500 loan with biweekly payments as an example: 6 Month Loan Term – A $500 loan would cost $863.88 which includes finance charges of $363.88 and is based upon you agreeing to make 14 payments of $57.60 due every two weeks and one final payment of $57.48 with an APR (Annual Percentage Rate) of 202.01%.* |
Daily Simple Interest 1% The amount of payments will vary based on the loan amount, the number of payments and the length of the loan. Using a $500 loan with biweekly payments as an example: 3 Month Loan Term - A $500 loan would cost $771.04 which includes finance charges of $271.04 and is based upon you agreeing to make 5 payments of $128.51 due every two weeks and one final payment of $128.49 with an APR (Annual Percentage Rate) of 363.48%.* |