Loanify pricing summary
| Loan amounts | $200 to $5,000 |
|---|---|
| APR | 5.99% to 35.99% |
| Terms | 3 to 36 months |
| Application fee | $0 |
| Prepayment penalty | $0 |
| Origination fee | 0%–8% of the loan amount on some loans; always included in your APR and shown before you sign |
| Late fee | Varies by state, where permitted; disclosed in your agreement |
| Returned payment fee | Varies by state, where permitted; disclosed in your agreement |
Representative example
Representative example: a $2,000 Loanify loan repaid over 12 months at 24.99% APR has 12 monthly payments of $190.08, for a total repayment of $2,280.94 (total interest $280.94). Loan amounts range from $200 to $5,000 with terms of 3 to 36 months. APRs range from 5.99% to 35.99% and depend on credit profile, income, loan amount, term and state of residence.
Estimate your payment
Move the slider to see an estimate at our representative APR.
Estimate uses a representative 24.99% APR. Your actual APR (5.99%–35.99%) and payment depend on your application. Checking your rate won't affect your credit score.
What determines your Loanify APR
- Credit history: payment history, utilization, recent inquiries and derogatory marks.
- Income and DTI: higher, steadier income relative to your debts usually means a lower APR.
- Amount and term: pricing can differ between short and long terms.
- State: state laws set different rate limits and fee rules.
- Repeat history: borrowers with a record of on-time Loanify payments may qualify for better pricing on a future loan.
An origination fee is deducted from your loan before it's deposited. If you need exactly $1,000 in hand and your loan has a 5% fee, you'd need to borrow about $1,053. Your offer shows both the amount financed and the amount deposited.Lending tip from the Loanify Editorial Team
More payment examples at 24.99% APR
| Amount | Term | Monthly | Total interest | Total repaid |
|---|---|---|---|---|
| $500 | 6 mo | $89.51 | $37.07 | $537.07 |
| $1,000 | 6 mo | $179.02 | $74.14 | $1,074.14 |
| $1,000 | 12 mo | $95.04 | $140.47 | $1,140.47 |
| $2,500 | 18 mo | $167.97 | $523.41 | $3,023.41 |
| $4,000 | 36 mo | $159.02 | $1,724.65 | $5,724.65 |
| $5,000 | 24 mo | $266.83 | $1,403.98 | $6,403.98 |
These examples assume no origination fee and on-time payments. Your offer will show your personalized figures. For a deeper look at how APR works, read Understanding APR on small loans.