Rates

Your payments will be due on or around your paydays. Your interest ("Finance Charge") will be charged for each periodic billing cycle to your account by applying a daily periodic rate to the Average Daily Balance of your account for that billing cycle. We charge interest on each cash advance from the date it is posted to your Account. Interest on your Account is based on an ANNUAL PERCENTAGE RATE (APR) of 360%. To get the Daily Periodic Rate we divide the APR by 365. Your minimum payment each billing cycle equals the finance charge, 2% of the principal, and any past due amount.


Example Finance Charges for Line of Credit

Cash Advance for 7 Days
Amount Borrowed: $100
Total number of Days: 7
Total Finance Charge: $6.90
**assuming all payments made as scheduled
Minimum Payment Due: $8.90
Pay in Full Amount: $106.90
Annual Fee: None
Cash Advance Fee: None
Late Fee: None
APR for Cash Advance**: 360%
**Annual Percentage Rate. The APR is the cost of the loan expressed as a yearly rate.
Cash Advance for 14 Days
Amount Borrowed: $100
Total number of Days: 14
Total Finance Charge: $13.81
**assuming all payments made as scheduled
Minimum Payment Due: $15.81
Pay in Full Amount: $113.81
Annual Fee: None
Cash Advance Fee: None
Late Fee: None
APR for Cash Advance**: 360%
**Annual Percentage Rate. The APR is the cost of the loan expressed as a yearly rate.
Cash Advance for 30 Days
Amount Borrowed: $100
Total number of Days: 30
Total Finance Charge: $29.59
**assuming all payments made as scheduled
Minimum Payment Due: $31.59
Pay in Full Amount: $129.59
Annual Fee: None
Cash Advance Fee: None
Late Fee: None
APR for Cash Advance**: 360%
**Annual Percentage Rate. The APR is the cost of the loan expressed as a yearly rate.

Subscribe to our Newsletter