How We Determine Your APR
We determine your annual percentage rate (APR) based on several factors, such as your credit history and rating, the amount you want to borrow, and your total debt-to-income ratio. We then present you with a loan offer(s) based on what you can qualify for right now.
Because our average APRs are lower than the average credit card APR, our members save money while improving their credit. On average, members save nearly $1,000 in finance charges—and many see their credit scores increase—over the course of their personal loan.
How The Rates & Fees Work
Monthly Payment Example
Representative Examples For APR, Total Loan Costs & All Applicable Fees
| Loan Amount | Interest Rate | Loan Term | Origination FEE | Origination Cost | Monthly Payment | APR | Total Payments | Total Costs |
|---|---|---|---|---|---|---|---|---|
| $1500 | 14% | 10 Months | 2.5% | $37.5 | $159.79 | 19.24% | $1,597.92 | $135.42 |
| $4,000 | 11.8% | 36 Months | 3.8% | $152 | $132.48 | 14.0% | $4,769.12 | $921.12 |
| $9,000 | 7.3% | 60 Months | 6% | $540 | $179.49 | 9.38% | $10,769.24 | $2,309.24 |
- YOUR ACTUAL MONTHLY PAYMENT WILL VARY BASED ON THE TERMS AND CONDITIONS OF YOUR LOAN OFFER (WHICH INCLUDES YOUR APR, LOAN AMOUNT, TERM, AND ORIGINATION FEE). THE EXAMPLE ABOVE IS PROVIDED FOR ILLUSTRATIVE PURPOSES ONLY; YOUR EXPERIENCE MAY BE DIFFERENT.
- The minimum repayment and APR time period for a personal loan is 6 months and the maximum time period is 60 months.
- APRs for personal loans range from 10.80% and 26%, and APRs for instalment loans range from 6.40% to 29.95%.”
The APR provided above includes all fee and other cost of the year or other rate calculated consistently with local law guidelines. please read the loan agreement carefully as the APR and repayment terms may differ from what is listed here.