FEE DISCLOSURE

Example of $1000 loan at 10% MPR or 120% APR over 15 months term.

Payment Schedule Example

NumDue DateStarting
Balance
PaymentPrincipalInterestOriginal
Fee
Ending
Balance
Total
Payment
Total
Principal
Total
Interest
Total
Orig Fee
110/07/2016$1000.00$131.32$67.72$63.60$0.00$932.28$131.32$67.72$63.60$0.00
211/07/2016$932.28$131.32$65.60$65.72$0.00$866.68$262.64$133.32$129.32$0.00
312/07/2016$866.68$131.32$67.72$63.60$0.00$798.96$393.96$201.04$192.92$0.00
401/07/2017$798.96$131.32$65.60$65.72$0.00$733.36$525.28$266.64$258.64$0.00
502/07/2017$733.36$131.32$65.60$65.72$0.00$667.76$656.60$332.24$324.36$0.00
603/07/2017$667.76$131.32$71.96$59.36$0.00$595.80$787.92$404.2$383.72$0.00
704/07/2017$595.80$131.32$65.60$65.72$0.00$530.20$919.24$469.8$449.44$0.00
805/07/2017$530.20$131.32$67.72$63.60$0.00$462.48$1050.56$537.52$513.04$0.00
906/07/2017$462.48$131.32$65.60$65.72$0.00$396.88$1181.88$603.12$578.76$0.00
1007/07/2017$396.88$131.32$67.72$63.60$0.00$329.16$1313.20$670.84$642.36$0.00
1108/07/2017$329.16$131.32$65.60$65.72$0.00$263.56$1444.52$736.44$708.08$0.00
1209/07/2017$263.56$131.32$65.60$65.72$0.00$197.96$1575.84$802.04$773.80$0.00
1310/07/2017$197.96$131.32$67.72$63.60$0.00$130.24$1707.16$869.76$837.40$0.00
1411/07/2017$130.24$131.32$65.60$65.72$0.00$64.64$1838.48$935.36$903.12$0.00
1512/07/2017$64.640$128.24$64.64$63.60$0.00$0.00$1966.72$1000.00$966.72$0.00

Contract Example

ANNUAL PERCENTAGE RATE
The cost of your credit as a yearly rate.

119.59777%
FINANCE CHARGE
The dollar amount the credit will cost you.

$966.72
AMOUNT FINANCED
The amount of credit provided to you or on your behalf.

$1000.00

TOTAL OF PAYMENTS
The amount you will have paid after all payments are made as scheduled.

$1966.72

Example of $1000 loan at 20% MPR or 240% APR over 15 months term.

Payment Schedule Example

NumDue DateStarting
Balance
PaymentPrincipalInterestOriginal
Fee
Ending
Balance
Total
Payment
Total
Principal
Total
Interest
Total
Orig Fee
110/07/2016$1000.00$213.56$16.16$197.40$0.00$983.84$213.56$16.16$197.40$0.00
211/07/2016$983.84$213.56$12.99$200.57$0.00$970.85$427.12$29.15$397.97$0.00
312/07/2016$970.85$213.56$22.16$191.40$0.00$948.69$640.68$51.31$589.37$0.00
401/07/2017$948.69$213.56$20.12$193.44$0.00$928.57$854.24$71.43$782.81$0.00
502/07/2017$928.57$213.56$24.15$189.41$0.00$904.42$1067.80$95.58$972.22$0.00
603/07/2017$904.42$213.56$46.96$166.60$0.00$857.46$1281.36$142.54$1138.82$0.00
704/07/2017$857.46$213.56$38.72$174.84$0.00$818.74$1494.92$181.26$1313.66$0.00
805/07/2017$818.74$213.56$52.16$161.40$0.00$766.58$1708.48$233.42$1475.06$0.00
906/07/2017$766.58$213.56$57.32$156.24$0.00$709.26$1922.04$290.74$1631.30$0.00
1007/07/2017$709.26$213.56$73.76$139.80$0.00$635.50$2135.60$364.50$1771.10$0.00
1108/07/2017$635.50$213.56$83.98$129.58$0.00$551.52$2349.16$448.48$1900.68$0.00
1209/07/2017$551.52$213.56$101.03$112.53$0.00$450.49$2562.72$549.51$2013.21$0.00
1310/07/2017$450.49$213.56$124.76$88.80$0.00$325.73$2776.28$674.27$2102.01$0.00
1411/07/2017$325.73$213.56$147.22$66.34$0.00$178.51$2989.84$821.49$2168.35$0.00
1512/07/2017$178.51$213.61$178.51$35.10$0.00$0.00$3203.45$1000.00$2203.45$0.00

Contract Example

ANNUAL PERCENTAGE RATE
The cost of your credit as a yearly rate.

239.56281%
FINANCE CHARGE
The dollar amount the credit will cost you.

$2203.45
AMOUNT FINANCED
The amount of credit provided to you or on your behalf.

$1000.00

TOTAL OF PAYMENTS
The amount you will have paid after all payments are made as scheduled.

$3203.45

  • Late Fees: None
  • Return Check Fee: $25.00
  • Pre Payment Penalty Fee: None
  • Lien Filling Fee: $15.00
  • Maximum Annual Percentage Rate: 240%APR
  • Minimum Loan Term: 30 days and can be extended at maturity up to 14 times
  • Maximum Loan Term: 15 months
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