Cash Train Blog
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Example loan costs
Borrow
Costs
Repay
$500
$160
$660
$1,000
$320
$1,320
$1,500
$480
$1,980
$2,000
$640
$2,640
EXAMPLE: Our Cash Loans incur a 20% Establishment Fee and a 4% monthly fee, based on the amount borrowed. For example, a small loan of $1,000 over 3 months has fees and charges totalling $320 (1 x $200 + 3 x $40), resulting in a total repayment of $1,320. The minimum loan term is 2 months and a maximum of 12 months. An APR (Annual Percentage Rate) does not apply to Cash Loans.
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