Representative Example & Fees

Representative Example

This example shows the total cost of borrowing including all fees. Your actual loan amount, term, and costs may differ based on your application.

Amount Borrowed $250.00

Number of Payments 4 payments

Payment Frequency Bi-weekly

Payment Amount $97.00

Loan Term 120 days (16 weeks)

APR (Annual Percentage Rate) 24% APR

How the Total is Calculated

Example Calculation

Amount Borrowed: $250.00

Origination Fee ($0.95): $0.95

Interest (24% APR over 120 days): $137.05

Total Amount Repayable: $388.00

Payment Schedule: 4 payments of $97.00 each, paid bi-weekly over 120 days.

Itemized Fees

Origination Fee

$0.95 - One-time fee charged when your loan is issued. This fee is included in the total amount repayable.

Service Fee

Included in APR - All service costs are included in the Annual Percentage Rate (APR) of 24%.

Late Payment Fee

$25.00 - Charged if a payment is more than 5 days overdue. Additional interest may accrue on overdue amounts.

NSF Fee (Non-Sufficient Funds)

$45.00 - Charged if a payment is returned due to insufficient funds in your account.

Loan Terms

Minimum Loan Term 61 days

Maximum Loan Term 120 days (16 weeks)

Minimum Loan Amount $100

Maximum Loan Amount $1,500

Maximum APR 24%

Payment Frequency Bi-weekly or Monthly

⚠️ Consequences of Non-Payment

Failing to make payments on time can result in serious consequences:

Late Fees: $25.00 per missed payment (after 5 days grace period)
NSF Fees: $45.00 if payment is returned due to insufficient funds
Collection Actions: Your account may be sent to a collection agency
Negative Credit Reporting: Late or missed payments may be reported to credit bureaus, affecting your credit score
Legal Action: In severe cases, legal action may be taken to recover the debt
Additional Interest: Interest continues to accrue on unpaid balances

If you're having difficulty making payments, please contact us immediately to discuss options.

Important Information

Your actual loan terms may vary based on your creditworthiness, loan amount, and repayment period. The representative example above is for illustrative purposes only.

All fees are disclosed upfront before you accept the loan. You will receive a loan agreement with full terms and conditions for your review before finalizing.

For complete terms and conditions, please review our Terms of Service.