Loan rates, terms and fees
Everything a Simple Financial loan costs, in one place. Loans $100 to $1,500, 3 to 24 months, APR 19.99% to 29.99%.
Know your costs before you apply
Representative example: Borrow $1,500 over 12 months at 29.99% APR. You make 12 monthly payments of $146.22. The total cost of borrowing is $254.68 and the total amount repaid is $1,754.68.
| Amount | Term | APR | Monthly payment | Cost of borrowing | Total repaid |
|---|---|---|---|---|---|
| $100 | 3 months | 29.99% | $35.01 | $5.04 | $105.04 |
| $500 | 6 months | 29.99% | $90.77 | $44.63 | $544.63 |
| $1,500 | 12 months | 29.99% | $146.22 | $254.68 | $1,754.68 |
Examples use our maximum APR. Your APR is set based on your application and is shown before you sign. No application fee. No penalty for paying early. A fee of up to $20 may apply if a payment is returned. Missed payments may be reported to credit bureaus. All loans are subject to approval and not all applicants qualify.
How your rate is set
Your APR is based on the information in your application, including your income and credit history. It will be between 19.99% and 29.99%. We show your APR, payment schedule and total cost of borrowing in your loan agreement before you sign.
Fees
- No application fee.
- No prepayment penalty. Pay off your loan early at any time.
- Returned payment fee of up to $20 if a scheduled payment is returned by your bank.
If you miss a payment
Contact us right away so we can work out a plan. Missed payments may lead to collection activity and may be reported to credit bureaus, which can affect your credit score.
Repayment period
The shortest term we offer is 3 months and the longest is 24 months. We do not offer loans that must be repaid in full in 60 days or less.
Your loan at a glance
Apply online in about 2 minutes. Checking your options doesn't affect your credit score.
All loans are subject to approval. Not all applicants qualify. Rates & terms