Rates and Fees
The Typical Interest Rates in Different States
| Short-term Loans Interest Rates | |||
|---|---|---|---|
| Ohio | 677% | Nebraska | 460% |
| Indiana | 382% | Texas | 662% |
| Kentucky | 460% | Michigan | 369% |
| Utah | 658% | Hawaii | 460% |
| Iowa | 337% | Nevada | 652% |
| California | 460% | Florida | 304% |
| Idaho | 652% | Alabama | 456% |
| Wyoming | 261% | Virginia | 601% |
| Missouri | 443% | Rhode Island | 261% |
| Wisconsin | 574% | Alaska | 435% |
| Maine | 217% | Mississippi | 521% |
| Illinois | 404% | Colorado | 214% |
| Delaware | 521% | Oklahoma | 395% |
| Minnesota | 200% | North Dakota | 487% |
| Washington | 391% | New Mexico | 175% |
| Tennessee | 460% | South Carolina | 391% |
| Oregon | 154% |
Terms of the loan are fully disclosed.
The Truth in Lending Act requires that all loan costs and rates be fully disclosed to clients.
Lenders are solely responsible for making you aware of all of the pertinent information before you decide to sign a loan agreement.
After you’ve accepted the terms of your loan, the lender will usually send you to their website where you can finish up the application and e-sign the loan agreement.
Before e-signing the agreement, make sure you understand and accept it in its entirety.
Late Payments and Penalties
Lenders have their own rules regarding late payments. The loan agreement will contain the lender’s late payment policies, so be sure to study them before signing the contract. All lenders in our network must follow all regulations/laws, regardless of fees incurred as a result of delayed payments.
Policy on Non-Payment
The application fee is non-refundable, but additional costs and charges may be incurred if you are unable to repay the loan. Only reputable loan providers with a positive reputation who employ fair and legal practices in collecting overdue payments interest us at MyLoanChoice.com.
Loan Renewal Policy
Please be advised that, according to state legislation, all loan renewal rules are enforced.
In states that allow loan renewals, late charges and extra interest may substantially raise the total amount of your loan.
As a result, they should be avoided whenever possible.
Make careful to read and comprehend all elements of your lender’s policy on loan renewals before accepting and signing the loan agreement.