What is the cost of an Idaho auto equity loan?
Auto equity loans are available up to $25,0001 with approval. The amount of your payments will vary based on the loan amount, the number of payments and the length of the loan. Using a $500 loan with biweekly payments with a 15-month loan term as an example:
15-Month Loan Term: A $500 loan would have a total repayment of $1,291.00, which includes finance charges of $791.00 and is based upon you agreeing to make 32 payments of $39.13, due every two weeks, and one final payment of $38.84 with an APR (Annual Percentage Rate) of 181.52%.*
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.