Rates and Fees
Last updated: July 2026
APR ranges by loan type
| Loan type | Amount | Term | APR range |
|---|---|---|---|
| Installment loans | $100 – $5,000 | 3 – 24 months | 6.63% – 225% |
| Personal loans | $100 – $35,000 | 1 – 5 years | 4.99% – 450% |
| Short-term (cash advance) | $100 – $1,000 | 7 – 31 days | 200% – 1386% |
What determines your APR
Your actual APR depends on:
- The lender and their underwriting criteria
- The loan amount and term you select
- Your credit history and income
- Your state of residence and its rate caps
- Any applicable origination fees or other charges
Common fee types
Origination fee
A one-time charge deducted from the loan proceeds or added to the balance. Typically 0%–10% of the principal. Always disclosed in the lender's TILA statement before you sign.
Late payment fee
Charged if a scheduled payment is not received by the due date. Varies by lender and state law.
Returned payment fee (NSF)
Charged if a scheduled ACH debit is returned for insufficient funds. Your bank may also charge an NSF fee.
Prepayment penalty
Some lenders charge a fee for paying off the loan early. Many do not. Check the lender's disclosure before signing.
Illustrative example
This is an illustrative example, not an offer:
- Principal
- $500.00
- Term
- 12 months
- Stated APR
- 36.00%
- Origination fee (5%)
- $25.00
- Monthly payment
- $50.23
- Total of payments
- $602.76
- Effective APR (incl. fee)
- 44.4%
Use our Total Cost Calculator to run your own numbers.
Warning: Short-term and small-dollar loans can be expensive. Late or missed payments may result in additional fees, bank charges, collection activity, or negative credit reporting. Consider alternatives before borrowing.