Loans up to $700
The finance charge for a payday loan up to $500 is $15 per $100 borrowed. For a loan over $500, the finance charge is $15 per $100 on the first $500 borrowed and $10 per $100 for the loan amount over $500.
Annual Percentage Rate (APR):
The APR varies depending on the date the loan is due. The APR is the cost of your loan expressed as a yearly rate.
Using a $100 payday loan as an example:
14-Day Loan Term - APR is 391.07%*
Using a $700 payday loan as an example:
14-Day Loan Term - APR is 353.83%*
*The Annual Percentage Rate ("APR") is the cost of your loan expressed as a yearly rate. The actual APR for your loan may be higher or lower, depending on the actual amount you borrow and your actual repayment schedule.
*The APR will increase if the term is less than 14 days or decrease if the term is more than 14 days.
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Customer Notice: A single payday advance is typically for two to four weeks. However, borrowers often use these loans over a period of months, which can be expensive. Payday advances are not recommended as long-term financial solutions.
Moneytree offers fast, flexible and immediate business loans. Same day approval and funding just complete a simple application.
Apply for a business loan today! Click the link below to print a Moneytree business loan application and get started!
Download Business Loan Application