What is the cost of a Colorado installment loan?
Installment loans for first-time borrowers are available in the amounts of $100, $325 or $525¹ with approval.
The amount of payments will vary based on the loan amount, the number of payments and the length of the loan. Using a $325 loan with biweekly payments and a six-month loan term as an example:
6 Month Loan Term: A $325 loan would have a total repayment of $420.00, which includes finance charges of $95.00, consisting of the acquisition charge and six installment account handling charges, and is based upon you agreeing to make 12 payments of $32.31, due every two weeks, and one final payment of $32.28 with an APR (Annual Percentage Rate) of 100.92%.*
¹Subject to qualifications and limitations.
*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.