Receiving the loan

How will I receive the money?

The funds will be automatically deposited into your bank account.

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What are the details of the loan?

Our loans are simple. For every $500 borrowed, you repay $39.67 per week for 13 weeks.

For example: If you borrow $1,500, you will repay $119.01 per week for 13 weeks. Total fees and interest are $47.11 in this example.

If you want to have a lower weekly payment, then choose our 26 week option. For every $500 borrowed, just repay $20.22 per week for 26 weeks.

For example: If you borrow $1,500, you will repay $60.67 per week for 26 weeks. Total fees and interest are $77.34 in this example vs $47.11 for the 13 week loan. For 26 week loans, you do end up paying higher fees and interest, which is why we recommend the 13 week loans.

For more information, view our full loan agreement page.

You have the option to request an early repayment with no penalty at any point during the loan term.

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How does it work?

As part of the loan application process, you need to connect to your bank account through a third-party service called Plaid Inc (Plaid), which is owned by Visa. At this time, you will agree to a Pre-Authorized Debit (PAD) Agreement approving us to deposit the loan if you’re approved. Our system will be able to view your financial records for the previous 24 months, and will use that information to determine your eligibility for a loan. We will never change or sell your information – see our Legal page for more information.

If you change your mind, you have a 48 hour “cooling off” period. Email [email protected] if you’ve applied then realized you don’t want the loan. We’ll cancel your application, or withdraw the money if we’ve deposited it, and won’t charge you anything.

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