Using a $100 payday loan as an example:
The fee for a loan is $17.65 per $100 borrowed. This means that the Annual Percentage Rate for a 14-day loan would be 460.16%.*
View Sample Loan Fees
*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.
Customer Notice: There are a wide variety of loan products available in the marketplace, so your choice of lending products should match your financial needs. Small-dollar loans used over a long period of time can be expensive.
Licensed by the Department of Business Oversight pursuant to the CA Deferred Deposit Transaction Law to make consumer loans.
Installment loans are available for $2,600 and your loan limit is determined once your application is approved at a branch. The amount of payments will vary based on the loan amount, the number of payments and the length of the loan. Using a $2,600 loan with a $75 administrative fee as an example:
24-Month Loan Term: A $2,600 loan would cost $7,119.79 which includes finance charges of $4,519.79 and is based upon you agreeing to make 51 payments of $136.89 due every two weeks and one final payment of $138.40 with an APR (Annual Percentage Rate) of 121.28%.* These calculations include a $75 administrative fee that is fully earned at origination but does not accrue interest and is paid by your first payment.
*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.
Loans made or arranged pursuant to a California Financing Law license.
We currently do not offer Business Loans in this region.
Business Owners: Ask about special rates.
In addition, a $1.49 fee is charged on transactions over $20.
Ask your Teller for details about the prepaid debit card available at Moneytree!
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6720 Fort Dent Way, Suite #230, Seattle, WA 98188