Positive Loans providing short-term financial solutions with a simple application process.
Rates and Fees
Annual Percentage Rate (APR)
The Annual Percentage Rate (APR) represents the annualized interest rate charged for borrowing. It includes both the nominal interest rate and any additional fees associated with obtaining a loan. APRs can vary depending on the loan type, lender, and borrower’s financial profile.
- Personal Loans APR: Typically ranges from 4.99% to 450%.
- Cash Advance Loans APR: Typically varies between 200% and 1386%.
- Installment Loans APR: Typically falls between 6.63% and 225%.
Since Positive Loans is not the direct lender, we do not determine the specific APR you will receive. Your lender will decide your APR based on factors such as your credit score, credit history, income, and other details you provide during the loan request process. For more details regarding the APR applicable to your loan, please contact your lender directly.
Representative Example of APR
If you borrow $2,500 for a term of 1 year with an APR of 10% and a fee of 3%, your estimated monthly payment will be $219.79. Over the course of the loan, you will pay a total of $2,637, including $137.48 in interest.
Understanding the APR and associated fees is crucial before accepting a loan offer. Be sure to review all loan terms and conditions to make an informed financial decision. If you have any questions regarding rates and fees, please reach out to your lender for clarification.