Rates & Fees
Transparency is important to us. Below you'll find detailed information about our rates and fee structure.
In California, payday loans (deferred deposit transactions) are strictly regulated by the Department of Financial Protection and Innovation (DFPI). The maximum loan amount a borrower can receive is $255, with a total face value of the check not exceeding $300. Lenders are permitted to charge a maximum fee of 15% of the face amount of the check.
Annual Percentage Rate (APR)
Typically around 460% APR (State Regulated)
Representative Example
| Loan Amount | Term | APR | Finance Charge | Total Repayment |
|---|---|---|---|---|
| $100.00 | 14 Days | 460.16% | $17.65 | $117.65 |
| $200.00 | 14 Days | 460.16% | $35.29 | $235.29 |
| $255.00 | 14 Days | 460.16% | $45.00 | $300.00 |
This table is a representative example based on California state limits. Actual APR and terms may vary slightly depending on the lender and your specific loan duration, but the maximum fee will never exceed 15% of the check amount.
State-Specific Information — California
Maximum Loan Amount: $255 (to the borrower)
Rate Cap: Maximum fee of 15% of the loan amount (approx 460% APR for a 14-day loan)
Regulations: California Deferred Deposit Transaction Law; Max Loan $300 (Face Value); No Rollovers permitted.
Licensing: Licensed by the California Department of Financial Protection and Innovation (DFPI)