Rates & Fees
Transparency is important to us. Below you'll find detailed information about our rates and fee structure.
In Alabama, state law regulates payday lending. The maximum amount you can borrow is $500. Lenders are permitted to charge a maximum finance fee of 17.5% of the advanced amount, which is $17.50 per $100 borrowed. The loan term must be between 10 and 31 days. Because we are a matching service and not a direct lender, we do not set the exact rates or fees for your loan. The lender you are connected with will provide you with a full disclosure of the Annual Percentage Rate (APR) and any associated fees before you sign your loan agreement.
Annual Percentage Rate (APR)
Around 456.25% depending on specific loan terms
Representative Example
| Loan Amount | Term | APR | Finance Charge | Total Repayment |
|---|---|---|---|---|
| $100 | 14 days | 456.25% | $17.50 | $117.50 |
| $200 | 14 days | 456.25% | $35.00 | $235.00 |
| $300 | 14 days | 456.25% | $52.50 | $352.50 |
| $500 | 14 days | 456.25% | $87.50 | $587.50 |
Representative example based on Alabama state regulations. Actual rates and terms vary by lender. We are not a lender and do not make credit decisions.
State-Specific Information — Alabama
Maximum Loan Amount: $500
Rate Cap: 456.25%
Regulations: Under the Alabama Deferred Presentment Services Act, payday loans are capped at $500 with a maximum fee of 17.5%. The state also enforces a centralized database to ensure borrowers do not exceed the $500 maximum across multiple lenders.
Licensing: Lenders operating in Alabama must comply with the Alabama Deferred Presentment Services Act and be regulated by the Alabama State Banking Department.