Transparent pricing with no hidden fees. We'll explain every cost before you sign.
What is APR? The Annual Percentage Rate (APR) represents the true cost of borrowing, including both your interest rate and any fees. Your actual rate depends on several factors including your credit profile, loan amount, term length, and state regulations. We'll show you your personalized rate before you commit to anything.
Understanding these factors helps you get the best rate possible
Your credit score is a significant factor in determining your interest rate. However, unlike traditional banks, we look beyond just your score. We consider your overall financial picture and credit history.
The amount you borrow can impact your rate. Generally, borrowing within your means shows lenders you're being responsible, which may result in better terms.
The length of your loan affects both your monthly payment and total interest paid. Shorter terms mean higher monthly payments but less total interest. Longer terms mean lower monthly payments but more interest over time.
Stable income and steady employment demonstrate your ability to repay the loan. We look at your income-to-debt ratio to ensure the loan payment fits comfortably in your budget.
Secured loans (backed by collateral like a vehicle) typically have lower interest rates because they present less risk to the lender. Unsecured loans don't require collateral but may have higher rates.
Each state has different lending laws and regulations that can affect interest rates, fees, and loan terms. We comply with all state requirements to ensure you receive fair and legal terms.
Some states allow origination fees to cover the cost of processing your loan. This fee, if applicable, is disclosed upfront in your loan agreement and included in your APR. The amount varies by state law and loan amount. We'll show you the exact amount before you sign.
Great news! We never charge prepayment penalties. If you want to pay off your loan early, you'll save on interest costs. There's absolutely no fee or penalty for paying ahead of schedule. This gives you the flexibility to get out of debt faster when your financial situation allows.
If a payment is late, a fee may apply according to state law and your loan agreement. The specific amount will be clearly stated in your loan documents. We encourage you to contact us immediately if you're having trouble making a payment - we may be able to help you find a solution before fees are assessed.
If a payment is returned by your bank (for insufficient funds, closed account, etc.), a returned payment fee may apply. The amount is stated in your loan agreement and varies by state. To avoid this, ensure sufficient funds are available before your payment date, or set up automatic payments.
We don't charge annual fees or maintenance fees on your personal loan. Your payment schedule is set at the beginning, and as long as you make your payments on time, there are no additional ongoing fees.
Checking if you pre-qualify and applying for a loan is completely free. We don't charge application fees, and pre-qualification won't impact your credit score. You'll only see costs if you're approved and choose to accept your loan offer.
Lending laws vary by state, which means your rates, terms, and fees may differ based on where you live. We're licensed and regulated in 47 states, and we comply with all state-specific requirements.
We provide all loan terms in writing before you sign. Your loan agreement clearly states:
What you see is what you get. We believe in complete transparency:
We want you to understand exactly what you're agreeing to:
We follow all federal and state lending laws:
Check if you pre-qualify with no impact to your credit score