| Loan size | Typical APR range | Typical term | Representative payment * |
|---|---|---|---|
| $100 – $500 | 39% – 199% | 3 months | ≈ $195/mo on $500 |
| $500 – $1,500 | 36% – 149% | 3 – 6 months | ≈ $268/mo on $1,500 · 6 mo |
| $1,500 – $3,000 | 29% – 99% | 6 – 12 months | ≈ $295/mo on $3,000 · 12 mo |
| $3,000 – $5,000 | 19% – 79% | 6 – 12 months | ≈ $470/mo on $5,000 · 12 mo |
* Representative payment is illustrative only. Your personal APR will depend on your credit profile, income, state of residence and the lender selected. All loans are subject to lender approval.
Example loan cost
A $1,500 loan with a 6-month term at a 49% APR (illustrative) would have an approximate monthly payment of $268. The total paid back over the life of the loan would be $1,608, of which $108 is interest and fees. Your actual offer may differ based on your lender and your credit profile.
Fees we disclose
- Origination fee — typically 0% – 8% of the loan amount, taken from the loan proceeds at funding.
- Late payment fee — may apply if your payment is past due; varies by lender and state.
- NSF / returned payment fee — may be charged if a payment is returned unpaid by your bank.
- Prepayment penalty — none. You can pay your loan off early with no extra fee.
12M Loans is a matching platform
We are not a lender. We connect you to direct, licensed lenders who set their own rates and terms. Your final offer, including all fees, will be fully disclosed before you sign.
APR, repayment terms, fees and lender availability vary by state. For complete state-specific disclosures, please review your lender’s loan agreement in full before signing.