Some installment loans front load early payments towards interest and it seems like it takes FOREVER to make a dent in the principal.
With a Moneytree Idaho Signature Installment Loan, a more even amount of each payment is applied to principal - starting with your first payment. And... there's never a penalty for prepayment.
You can borrow any amount up to your loan limit. Your initial loan limit is established based on:
Your loan limit may change based on the loan product applied for, your credit history with Moneytree or a change in any of the above.
1Subject to qualifications and limitations.
The amount of 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 as an example:
A $500 loan would cost $1,880.82 which includes finance charges of $1,380.82 and is based upon you agreeing to make 25 payments of $72.33 due every two weeks and one final payment of $72.57 with an APR (Annual Percentage Rate) of 363.61%.*
1Subject to qualifications and limitations.
2 Installment Loans are available with a 12-month loan term. Once approved, you may choose to borrow a lesser amount for a shorter term.
* 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 than this example, depending on the actual amount you borrow and your actual repayment schedule.
| PAYDAY LOAN | SIGNATURE LOAN | TITLE LOAN |
AUTO EQUITY LOAN |
INSTALLMENT LOAN |
SIGNATURE INSTALLMENT LOAN | |
|---|---|---|---|---|---|---|
| Loan Amount | $1 - $1,000 | $1 - $1,000 | $1 - $500 | up to $25,000 | $100 - $5,000 | $50 - $2,000 |
| Cost | 18.50 per $100 * | $24 per $100 * |
$25 per $100 * | Daily Simple Interest 0.44% * | Daily Simple Interest 0.75% * | Daily Simple Interest 1% * |
| Terms Available | Next payday | Next payday | 30 days | 12 months | 12 months1 | 12 months1 |
| No. of Payments | 1 | 1 | 1 | 1 per payday | 1 per payday | 1 per payday |
| Renewal or Refinance Option? | Yes | Yes | No | Yes | Yes | Yes |
1Installment Loans are available with a 12-month loan term. Once approved, you may choose to borrow a lesser amount for a shorter term.
*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.
Moneytree is a direct lender and never sells your information.
We're licensed by the Idaho Department of Finance.
Our Team will let you know in minutes how much you qualify to borrow.
Our Mission is to exceed your expectations. Visit a Branch today and learn more from one of our knowledgeable and friendly Tellers!
Questions about signature installment loans? Call our Customer Service Team at 1-800-745-1011.
1Subject to qualifications and limitations.
Instant Funding is not available for all debit cards. Subject to limitations. Some restrictions may apply. Processing times vary. In most instances funds are transferred in approx. 30-45 minutes, but can take longer. Moneytree is not responsible for bank, processor and other third party posting delays or errors.
Moneytree does not make loans to “covered borrowers,” as defined under the Military Lending Act. Learn More.
CUSTOMER NOTICE: There are a wide variety of financial products available in the marketplace, so your choice should match your financial needs. Small-dollar loans used over a long period of time can be expensive.
Moneytree, Inc., is licensed by the Idaho Department of Finance. Licensing information is available upon request. Moneytree is registered with the federal government as a Money Services Business (MSB).
You can borrow any amount up to your loan limit. Your initial loan limit is established based on:
Your loan limit may change based on the loan product applied for, your credit history with Moneytree or a change in any of the above.
Your loan will be due on the date set forth in the loan agreement.
Payment due dates are based on your pay schedule with payments due on each paycheck (or next calendar day) throughout the term of the loan.
You can prepay your loan in full prior to the due date with no prepayment penalty.
Installment loans and auto equity loans may be refinanced up to six (6) times, after which time the loan must be repaid in full before additional credit may be extended.
To verify or change your payment due date, please log in to your Moneytree online account. If you don’t have an online account, and wish to set one up, please register online, call or visit any Moneytree Branch or contact our Customer Service Team at 1-800-745-1011.
Payment options vary depending on your loan agreement.
There is a ten (10) day grace period after the due date during which your loan may be repaid in full at no additional cost. If the loan remains unpaid at the end of the grace period, you will be charged $12.50 or 5% of the amount of the loan, whichever is greater. You can reach Moneytree’s Payment Center at 1-888-516-6643 for more information.
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P.O. Box 58443, Seattle, WA 98138
