Rates and Fees

This page provides comprehensive information about the interest rates, fees, and terms associated with personal loan products offered through the APPNAME platform. Please read this disclosure carefully before applying for a loan. APPNAME is a loan matching service operated by Fedd Loans LLC. We are not a lender and do not make credit decisions or extend credit. All loan products are provided by third-party lenders in our network. The information below reflects the general range of terms offered by lenders in our network and is subject to change without notice. Your actual rate, fees, and terms will be determined by the specific lender you are matched with based on your creditworthiness, income, employment, state of residence, and other factors.

Loan Product Overview

Loan Amounts

$100 – $5,000

The minimum and maximum loan amounts available through our lender network. The actual amount you may qualify for depends on the lender's underwriting criteria, your income, credit profile, state of residence, and other factors. Not all lenders offer loans at the minimum or maximum amounts. Some lenders may have different minimum or maximum loan amounts. The loan amount you request may be approved for a lower amount at the lender's discretion.

APR Range

5.99% – 35.99%

The Annual Percentage Rate (APR) represents the yearly cost of your loan, including interest and certain fees, expressed as a percentage. The APR range shown reflects the lowest and highest APRs offered by lenders in our network. Your actual APR will be determined by the lender based on your creditworthiness and other factors. A lower credit score or higher perceived risk may result in a higher APR. The APR you receive may be different from the examples shown on this page.

Repayment Terms

3 – 24 months

The repayment period for loans in our network typically ranges from 3 months to 24 months. The specific term offered to you will depend on the lender, the loan amount, your credit profile, and state regulations. Shorter terms generally result in higher monthly payments but lower total interest. Longer terms typically mean lower monthly payments but higher total interest over the life of the loan. Not all terms are available for all loan amounts or in all states.

Example Loan Scenarios

The following table provides illustrative examples of monthly payments and total repayment amounts for sample loan scenarios. These examples are for informational purposes only and do not represent actual offers. Your actual loan terms, including the interest rate (APR), monthly payment, and total repayment amount, will be determined by the lender you are matched with based on your individual application and credit profile. The examples assume a fixed-rate, fully amortizing loan with equal monthly payments. Actual loan products may have different structures, and fees may apply. State laws may affect the availability or terms of loans in your jurisdiction.

Sample loan scenarios. These are illustrative examples only. Your actual terms will vary.
Loan Amount	APR	Term	Monthly Payment	Total Repayment	Total Interest
$500	5.99%	12 months	$43.07	$516.84	$16.84
$500	18.00%	12 months	$45.80	$549.60	$49.60
$500	35.99%	6 months	$90.52	$543.12	$43.12
$2,000	5.99%	24 months	$88.27	$2,118.48	$118.48
$2,000	15.00%	24 months	$96.96	$2,327.04	$327.04
$2,000	29.99%	12 months	$192.56	$2,310.72	$310.72
$5,000	5.99%	24 months	$220.68	$5,296.32	$296.32
$5,000	20.00%	24 months	$254.48	$6,107.52	$1,107.52
$5,000	35.99%	24 months	$307.89	$7,389.36	$2,389.36

Important Notice Regarding Examples: The figures in the table above are estimates based on standard amortization formulas and assume no origination fees, no prepayment penalties, and no other fees. In practice, lenders may charge origination fees, processing fees, or other charges that would increase your total cost of borrowing. Late payment fees, returned payment fees, and other fees may also apply as described in the Fee Explanation section below. The actual terms of any loan offer you receive will be disclosed to you by the lender before you accept the loan. You should carefully review all loan documents and disclosures provided by your lender before agreeing to any loan.

Explanation of Fees

Lenders in our network may charge various fees in connection with loan products. The types and amounts of fees vary by lender and by state. The following is a description of common fees that may be associated with personal loans. This list is not exhaustive, and not all fees apply to all loans or all lenders. You will receive specific disclosure of all fees that apply to your loan from the lender before you accept the loan offer. Always read your loan agreement and any fee schedule carefully.

Origination Fee

An origination fee is a one-time fee charged by some lenders when a loan is funded. This fee is typically calculated as a percentage of the loan amount and may be deducted from the loan proceeds before the funds are disbursed to you, or it may be added to the loan balance. For example, if you are approved for a $2,000 loan and the lender charges a 5% origination fee, you may receive $1,900 in net proceeds (if the fee is deducted at funding) while owing $2,000 plus interest. The origination fee compensates the lender for the cost of processing your application and underwriting the loan. Origination fees vary by lender and may range from 0% to 10% or more of the loan amount, depending on the lender's policies and applicable state law. Some states prohibit or limit origination fees. Not all lenders charge origination fees.

Late Payment Fee

If you fail to make your scheduled payment by the due date, the lender may charge a late payment fee. The amount of the late fee and the grace period (if any) before it is charged vary by lender and by state. Late fees are typically a flat amount (e.g., $15, $25, or $35) or a percentage of the past-due payment amount, subject to state law limits. Some states cap late fees or prohibit them entirely. Repeated late payments may result in additional fees and may be reported to credit bureaus, which could negatively impact your credit score. If you anticipate difficulty making a payment, contact your lender as soon as possible to discuss options such as a payment plan or deferment.

Returned Payment Fee (NSF Fee)

If a payment is returned due to insufficient funds, a closed account, or other reasons (often referred to as a "bounced check" or "NSF" — non-sufficient funds), the lender may charge a returned payment fee. This fee typically ranges from $15 to $50 or more, depending on the lender and state law. Some states limit the amount of returned payment fees. Multiple returned payments may result in multiple fees and could lead to default on your loan. Ensure that you have sufficient funds in your account on the payment due date and that your payment information is current and accurate.

Prepayment Penalty

Some lenders allow you to pay off your loan early without penalty, while others may charge a prepayment penalty or fee if you pay off the loan before the end of the term. A prepayment penalty is intended to compensate the lender for interest income they would have received if you had made all scheduled payments. The terms of any prepayment penalty will be disclosed in your loan agreement. Many states prohibit or restrict prepayment penalties on consumer loans. If you plan to pay off your loan early, review your loan documents to understand whether any prepayment penalty applies.

Processing or Administrative Fees

Some lenders may charge processing fees, application fees, or administrative fees to cover the cost of verifying your information, conducting credit checks, or servicing the loan. These fees may be charged at application, at funding, or over the life of the loan. The amount and timing of such fees vary by lender. In some states, certain fees are prohibited or limited. All fees will be disclosed to you in your loan agreement and in any Truth in Lending Act (TILA) disclosure provided by the lender.

Collection and Default-Related Fees

If your loan goes into default (e.g., due to non-payment for an extended period), the lender may charge collection fees, attorney fees, court costs, or other costs associated with collecting the debt. These fees can be substantial and may be added to the amount you owe. Defaulting on a loan can also result in negative reporting to credit bureaus and may lead to legal action. If you are having trouble making payments, contact your lender immediately to explore options before your account goes into default.

Fee Disclosure Disclaimer: The fee descriptions above are general in nature. The actual fees charged by any lender will be set forth in your loan agreement and in the disclosures required by federal and state law. Fee amounts, types, and applicability vary significantly by lender and by state. Some states have strict usury laws or fee caps that limit what lenders can charge. Before accepting any loan, you should obtain and review a complete disclosure of all fees from the lender. If you have questions about fees, contact the lender directly.

Understanding APR: Tips and Important Information

The Annual Percentage Rate (APR) is a critical measure of the cost of borrowing. Understanding how APR works can help you compare loan offers and make informed decisions. The following information explains APR and provides tips for borrowers.

What is APR?

The Annual Percentage Rate (APR) is the yearly cost of a loan expressed as a percentage. It includes the interest rate plus certain fees that are considered "finance charges" under federal regulations (such as origination fees in some cases). The APR is designed to give you a standardized way to compare the cost of different loan offers. A lower APR generally means a lower total cost of borrowing, assuming all other terms are equal. However, the APR does not include all possible fees—for example, late fees and returned payment fees are typically not included in the APR calculation. You should consider both the APR and any additional fees when evaluating a loan offer.

Why Your APR May Vary

Your creditworthiness is one of the primary factors that determine the APR you receive. Lenders use your credit score, credit history, income, employment, debt-to-income ratio, and other factors to assess risk. Borrowers with stronger credit profiles typically qualify for lower APRs. Borrowers with lower credit scores or higher perceived risk may receive higher APRs or may not qualify at all. The loan amount and term can also affect your APR—some lenders offer better rates for larger loans or shorter terms. Additionally, state laws affect the maximum APR that lenders can charge, so your state of residence may limit or influence the rates available to you. The APR you are offered is specific to your application and may differ from the rates advertised or from the examples on this page.

Compare APRs When Shopping for Loans

When comparing loan offers from different lenders, use the APR as a key comparison tool. Two loans with the same interest rate can have different APRs if one includes higher fees. The loan with the lower APR will generally cost you less over the life of the loan, assuming the same loan amount and term. However, you should also consider the monthly payment amount, the total repayment amount, and any fees that are not included in the APR. A loan with a slightly higher APR but no origination fee might cost less overall than a loan with a lower APR but a large upfront fee. Always request and review the full disclosure from each lender before making a decision.

Impact of Loan Term on Total Cost

The length of your loan term significantly affects how much you pay in total. A longer term typically results in lower monthly payments but more total interest paid over the life of the loan. A shorter term means higher monthly payments but less total interest. For example, a $2,000 loan at 15% APR paid over 12 months will cost less in total interest than the same loan paid over 24 months, but the monthly payment will be higher. Consider your budget and your goal—whether it is to minimize monthly payments or to minimize total cost—when choosing a loan term. Be sure you can afford the monthly payment for the term you select to avoid late fees and potential default.

Rate Shopping and Credit Inquiries

When you submit a loan application through our service, we may share your information with multiple lenders. Each lender may perform a credit check. Multiple credit inquiries in a short period for the same type of loan (such as a personal loan) are often treated as a single inquiry by credit scoring models, which can minimize the impact on your credit score. However, applying with many lenders over an extended period could affect your score. If you are rate shopping, it is generally best to submit applications within a concentrated time frame (e.g., 14–45 days, depending on the scoring model). You can also check whether a lender offers a "soft" credit check for rate quotes, which does not affect your credit score, before submitting a full application.

Read Your Loan Documents Carefully

Before accepting any loan offer, carefully read all loan documents, including the loan agreement, the Truth in Lending Act (TILA) disclosure, and any fee schedule. The TILA disclosure will show your APR, finance charge, total amount you will pay, and payment schedule. Ensure you understand the APR, the monthly payment, the total repayment amount, and all fees. If anything is unclear, contact the lender for clarification. Do not sign the loan agreement until you are satisfied that you understand and can afford the terms. Remember that you are under no obligation to accept a loan offer—you can decline and continue shopping if the terms are not right for you.

Additional Disclosures and Legal Information

APPNAME is a loan matching and debt tracking service operated by Fedd Loans LLC. We are not a lender, do not make credit decisions, and do not extend credit. We connect consumers with third-party lenders who may offer personal loan products. All loan products, including the rates, fees, and terms described on this page, are provided solely by these third-party lenders.

The information on this page is provided for general informational purposes only and is subject to change without notice. It reflects the general range of terms offered by lenders in our network but does not constitute an offer to lend or a guarantee of any specific rate, fee, or term. Your actual loan terms will be determined by the lender you are matched with based on your individual application, creditworthiness, income, employment, state of residence, and other factors. Not all applicants will qualify, and not all qualified applicants will receive the lowest rates or best terms.

Loan products, rates, and terms vary by state. Some states have laws that limit interest rates, fees, or loan terms. Loans may not be available in all states. The availability of a loan and the terms offered may depend on your state of residence and the lenders licensed to operate in your state.

By using our service, you agree to our Privacy Policy, Terms of Use, Electronic Consent, and Credit Authorization. Your information may be shared with lenders and service providers in connection with your loan request. We encourage you to read each lender's terms and conditions, privacy policy, and loan agreement before accepting any offer.

This page does not constitute financial, legal, or tax advice. If you have questions about a specific loan offer or your financial situation, please consult a qualified professional.

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