Sample Table of Loan Rates and Terms

SAMPLE INSTALLMENT SCHEDULE SAMPLE LOAN TERMS:
$300 loan amount, 30% periodic service fee, 10% principal reduction payments starting on payment 5
Payment NumberBeginning Principal ($)Finance Charge ($)Payment Due ($)Ending Principal ($)
13009090300
23009090300
33009090300
43009090300
530090120270
627081111240
724072102210
82106393180
91805484150
101504575120
11120366690
1290275760
1360184830
14309390

* Most short-term loans require repayment within 14 days or on your next pay date. Loan extensions, also called “renewals” or “rollovers” often entail payment of the Finance Cost as a minimum payment and will incur an additional Finance Cost in exchange for another loan term.

 

** APR is the cost of borrowing money for an entire calendar year. Short-term loans are never intended to be used for this period of time; and we encourage other loan products to meet your financial needs.

 

*** Simple interest is calculated only on the current principal amount of the loan and is not compounded over multiple time periods.

 

**** A Short-Term Consumer Loan is designed to help consumer borrowers meet their short-term financial emergencies and is not intended to meet their long-term financial needs.