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Representative Example: For a $1,000 loan over a 12-month period, the total repayment amount, including interest, is $1,134.72. APR ranges from 5.99% to 35.99%. Loan terms range from 61 days to 72 months for qualified borrowers.

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APR Disclosures & Repayment Terms

APR is the annual cost of borrowing expressed as a yearly rate. It depends on the loan amount and repayment schedule. At {site_name}, APR typically ranges from 5.99% to 35.99%. Loans generally have a minimum repayment term of 61 days and a maximum of 72 months. Before accepting a loan, carefully review the loan agreement as the APR and repayment terms may vary from what is shown on this site.

Representative Examples of APR, Total Loan Costs & Fees:

Loan Amount
Interest Rate
Loan Term
Fee
Fee Cost
Repayment
APR
Total Payments
Total Costs

$1,000

24%

12 Months

3%

$30

$29.82

29.82%

$1,134.74

$164.7

$2,000

24%

24 Months

3%

$100

$100.82

24.12%

$2,419.68

$519.68

$5,000

13%

48 Months

8%

$400

$131.67

18.23%

$6,320.12

$1,720.12

$10,000

8%

60 Months

10%

$100

$202.28

9.20%

$12,136.80

$3,136.80

Implications of Non-Payment

At Speedy Loan Advance, we understand that unforeseen circumstances can affect your ability to repay. However, it's crucial to understand that non-payment can lead to additional fees and potential legal action. We encourage open communication if you're facing difficulties meeting your repayment obligations.

Potential Impact on Credit Score

Your credit score is a critical factor in your financial health. Timely repayments of your loan can positively impact your credit score. Conversely, missed payments or defaults may negatively affect your score, potentially impacting your future borrowing capabilities.

Collection Practices

In the event of non-payment, we follow fair and lawful collection practices. We may use various methods to contact you regarding overdue payments, including phone calls, emails, or letters. Our purpose is always to find a mutually beneficial solution.

Loan Renewal Policies

We offer loan renewal options for eligible borrowers. However, we strongly encourage paying off your loan in full when due to avoid additional interest charges. Renewal policies are subject to state regulations and individual loan terms.

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