! Consumer Advisory: APR Rates Range From 5.99% to 35.99%
Annual Percentage Rate (APR) Disclosure & Range
Annual percentage rate (APR) refers to the yearly interest generated by a sum that's charged to borrowers. APR is expressed as a percentage that represents the actual yearly cost of funds over the term of a loan. This includes any fees or additional costs associated with the transaction. The APR provides consumers with a bottom-line number they can compare among lenders, credit cards, or investment products.
Loan Advance cannot guarantee any APR since we are not a lender ourselves. An APR can generally run between 5.99% up to 35.99%. Loan products generally have a 61-day minimum repayment term and a 72-month maximum repayment term. Before accepting a loan from a lender within our network, please read the loan agreement carefully as the APR and repayment terms may differ from what is listed on this site.
2 Representative Examples of APR, Total Loan Costs & Fees
| Amount | Period | APR | Monthly Payment | Total Paid |
|---|---|---|---|---|
| $1,000 | 12 months | 29.82% | $94.56 | $1,134.72 |
| $2,000 | 12 months | 24% | $189.12 | $2,269.44 |
| $4,000 | 24 months | 12% | $188.29 | $4,518.96 |
Note: These are representative examples only. Actual rates and terms will vary based on your creditworthiness, state of residence, and the specific lender you are matched with.
3 Financial Implications (Interest & Finance Charges)
Important Disclosures
Loan Advance is not a lender, and we cannot predict what fees and interest rates will be applied to any loan you may be offered. Your lender will provide all the necessary information about the associated costs of a loan they wish to offer you. You are responsible for reviewing the loan agreement carefully and accepting the offer only if you agree to all the terms. Loan Advance does not charge you for its loan matching service, and you are under no obligation to accept the terms that the lender offers you.
4 Late or Non-Payment Implications
Payment Obligations
By accepting the terms and conditions for a personal loan, you essentially agree to repay the loan both: 1) with interest and 2) in the time frame specified in the loan agreement. In most cases, failure to repay the loan in full, or making a late payment, can result in additional charges.
Additional Charges
Loan Advance has NO ability to predict or estimate what supplemental charges will be incurred in the event of late, partial, or non-payment. Loan Advance also has NO control or knowledge of any loan agreements or details between you and your lender.
Collection Practices
Please carefully review the late, partial, and non-payment policies that your lender provides with your loan agreement. Loan Advance works hard to partner with only the most trustworthy and reputable lenders who pursue the collection of past-due loan accounts in a fair and reasonable manner.
5 Potential Impact to Credit Score
Credit Checks
Our lenders may perform credit checks to determine your credit worthiness, credit standing and/or credit capacity. By submitting your request you agree to allow our lenders to verify your personal information and check your credit. Please be aware that missing a payment or making a late payment can negatively impact your credit score.
Important Warning
Late payments and defaults can significantly damage your credit score and make it more difficult and expensive to obtain credit in the future. Always ensure you can afford the monthly payments before accepting any loan offer.
6 Collection Practices
Our Role
Loan Advance is not a lender and, because of this, we have NO involvement in the debt collection process. As part of the lending agreement provided to you by the lender, they will disclose their debt collection practices. If you have any collection questions, please contact the lender for complete details. Loan Advance only works with reputable lenders who use fair collection practices.
Legal Disclaimer
Loan Advance connects borrowers with lenders or lending partners and thus the specific terms and conditions of the specific lender or lending partner will apply to any loan a borrower takes out. We are compensated by these lenders or lending partners for connecting you with them, and the compensation received may affect which offer you are presented with.
Any display of APR, loan amounts, interest or other loan details are estimations only, and actual amounts will vary by lender or lending partner and by borrower.
Please note that some lenders or lending partners may perform credit checks as part of their credit transaction approval process. The lender or lending partner you connect with may not offer the best possible terms and borrowers should always compare all available options before making any decisions. In addition, you may be connected with a tribal lender. Tribal lenders' rates and fees may be higher than state-licensed lenders, and are subject to federal and tribal laws, not state laws.
THE OWNERS AND OPERATORS OF THIS WEBSITE ARE NOT LENDERS, they do not broker loans and they do not make loans or credit decisions. Nothing on this website is an offer or a solicitation to lend. Any information you submit to this site will be provided to a lender or lending partner. The operator of this website is not an agent, representative or broker of any lender or lending partner and does not endorse or charge you for any service or product.