Rate Fees

How Much Does It Cost?

Before applying for a cash loan at CashLoansQuicks.com, you probably want to know how much it’s going to cost. And here’s the great news: Applying for a cash loan at CashLoansQuicks.com is totally free!

CashLoansQuicks.com is not an actual cash lender — we simply provide the online application you’ll use to apply for a cash loan and then help connect you with a cash lender that is most qualified to meet your financing needs. There is no cost for you to complete our fast and easy online cash loan application.

The interest rate and fees that will be assessed on your cash loan are set by the lender, and they will vary from one cash lender to the next. All lenders are required to explain all fees and rates to you in a document called a Truth in Lending disclosure. Once your cash loan application is approved, you will be forwarded to a page where you can read the Truth in Lending disclosure and sign it electronically if you accept the conditions of the cash loan.

You should examine this document carefully and make sure you understand all of the fees, terms and conditions before signing. You are not required to proceed with the application process if you do not agree with the terms presented — you can simply deny the loan and walk away.

What About Late Payments, Non-Payment and Loan Extensions?

Each cash lender sets its own terms and policies with regard to late payment of cash loans. However, each state has specific laws that govern how much lenders can charge in late-payment fees — you can look for your state’s regulations online.

With regard to non-payment of cash loans, our network of cash lenders will pursue all legal avenues that exist in order to collect outstanding loan balances. They may also assess additional fees and penalties in cases of non-payment. However, criminal charges will not apply to borrowers who fail to repay cash loans if the lender is part of the Community Financial Services Association of America (CFSA). You can look online for your state’s regulations that govern the potential legal outcomes for non-payment of cash loans.

Cash lenders’ policies governing loan rollovers and extensions are also highly regulated by states. In general, lenders may charge significantly higher interest rates and add late fees to cash loans that are extended or rolled over in states where this is allowed. Be sure you fully understand your loan extension or rollover options before signing the loan agreement.

A Word About Cash Loan Interest Rates

Before you apply for a cash loan, you should understand that interest rates and fees are generally higher on cash loans than they are on many other types of consumer credit. This is because credit history is not considered by cash lenders in setting loan interest rates.

This makes cash loans attractive to many people who have a poor credit rating and need fast access to cash, since banks generally will not lend to these individuals and/or they can take weeks to make a lending decision. But it also tends to result in higher interest rates and fees, since lenders must charge more on these loans to accommodate the higher risk they’re taking in potentially loaning money to people with poor credit ratings.

Therefore, when considering applying for a cash loan, you should weigh the benefits of fast approval and no credit check against the drawback of paying a higher interest rate and fees.

State Regulations

State:

Alabama

Loan Agreement Limit:

$500

Loan Terms State Regulations:

The charge is up to 17.5% of the total credit.

 

State:

Alaska

Loan Agreement Limit:

$500

Loan Terms State Regulations:

A certified creditor only charges an origination fee which is nonrefundable and does not go beyond $5; and a fee not which doesnt go beyond 15% of the cash loan, or $15 or less per $100.

 

State:

Arkansas

Loan Agreement Limit:

$400

Loan Terms State Regulations:

Charges will not go beyond 10% of the real sum of check and or money order. Nevertheless, an extra fee will not go beyond $10.

 

State:

California

Loan Agreement Limit:

$300

Loan Terms State Regulations:

Delayed deposit transaction will be charged which doesnt go beyond 15% of the actual cost of check. Any person infringes the provision under the John Warner National Defense Authorization Act of Fiscal Year 2007 (Public Law) or any provision of the Title 32 of the Code of Federal Regulation on August 31, 2007 of the Federal Register, shall be considered disciplinary under the law.

 

State:

Colorado

Loan Agreement Limit:

A financier must not offer neither an amount more than $500 nor the amount finance can exceed $500 to any borrower.

Loan Terms State Regulations:

Finance charges will be indicted by the moneylender for each delayed deposit loan or cash loan without going beyond 20% for the first $300 loaned, and 7.5% in excess thereof. Such charges shall be gathered upon transaction. The lender charges an interest rate of 45% of per annum for every deposit loan and cash loan. If the loan has already been addressed preceding its maturity on the term, the lender shall repay an enough rate portion of the annual fraction rate to the consumer based on the corresponding time left before it matures. Nonetheless, the lender charges a monthly maintenance fee for every settled delayed deposit loan without going beyond $7.5 for every $100 loaned, or up to $30 per month. The monthly maintenance fee may be charged for an outstanding loan 30 days after the loan transaction is permitted. The moneylender may only have charges under the accredited charges duly specified herein in lieu to the delayed deposit loans. During the renewal of a delayed deposit loan, the financier may evaluate extra financial charges that will not go beyond the annual percentage rate (45%).

 

State:

Delaware

Loan Agreement Limit:

$500

 

State:

District of Columbia

Loan Agreement Limit:

Prohibited

 

State:

Florida

Loan Agreement Limit:

$500 fee exclusive

Financial Charges:

A deferred loan provider or its associate may not charge fees that go beyond 10% of the cost or any mode of payments given. However, as given in §560.309(7) a confirmation may be indicted. The 10% charge will not comprise verification charges. A deferred cash loan provider may only charge accredited charges only as specified.

 

State:

Georgia

Loan Agreement Limit:

Prohibited

 

State:

Hawaii

Loan Agreement Limit:

$600

Financial Charges:

A check processor may charge fee for deferred deposit from its personal check an amount not going beyond 15% of the actual value of the check.

 

State:

Idaho

Loan Agreement Limit:

$1,000

Loan Terms State Regulations:

none

 

State:

Illinois

Loan Agreement Limit:

$1,000 or 25% of the borrowers gross monthly earnings, whichever is less.

Loan Terms State Regulations:

No financier charges more than $15.5 per $100 advanced on any salary day loan over the loan term, or more than 15.5% for every $100 advanced during the preliminary original balance and throughout the original balances scheduled to be unsettled during any payment period or any installment salary loan.

Any installment salary loan must be duly amortized, with a finance fee based on the original balances arranged to be unsettled and repayable in equivalent and successive installments, in harmony to the payment schedule approved by both parties with not less than 13 days and not more than a month between payments; except that the first installment payment is bigger than the remaining installment payments by the amount of finance charges appropriate to the exceeding days. By means of defining the finance charges increased on the installment cash loan, the disclosed annual percentage rate shall be applied to the principal balances outstanding from time to time until the loan is paid in full, or until the maturity date, whichever comes first. No finance charges may be executed after the final scheduled maturity date.

 

State:

Indiana

Loan Agreement Limit:

At least $50 and not greater than $500

Loan Terms State Regulations:

Finance fees during the first $250 in a small loan are inadequate to 15% from of the principal. Finance fees on the value of a small loan more than $250 and not greater or equal to $400 are limited to 13% of the value over $250 and less than $400. Finance fees on the value of the small loan greater than $400 and not more than or equal to $500 are limited to 10% of the value over $400 and less than $500.

 

State:

Iowa

Loan Agreement Limit:

A certified creditor shall not hold from any one a check or checks in a combined face amount of more than $500 at any one time.

Financial Charges:

A certified creditor does not charge a fee which goes beyond $15 in every $100 from the actual value of the check or greater than $10 on succeeding $100 increments of the actual value of the check for services prolonged by the licensed creditor, according to the or any portion of $100 face value.

 

State:

Kansas

Loan Agreement Limit:

cash loan may be equal to or not more than $500

Loan Terms State Regulations:

A certified creditor charges an amount not going beyond 15% of the amount from cash loan. The proportion of contract of any credit hereunder must not be more than 3% a month of the loan proceeds after the maturity date. Charges of any nature (e.g. insurance, etc.) whatsoever will not be permitted, unless refunded check fees including fees for cashing the loan proceeds in check form.

 

State:

Kentucky

Loan Agreement Limit:

A certified creditor must not have more than two delayed deposit transactions at any time from any a single client. The total proceeds a client received from all of the deferred deposit transactions must not go beyond $500.

Loan Terms State Regulations:

A certified creditor must not charge a service charges going beyond $15 per $100 on the actual value of the deferred deposit check. A certified creditor must allot any fee, with accordance to the maximum fee of $15.

 

State:

Louisiana

Loan Agreement Limit:

$350

Loan Terms State Regulations:

A certified creditor charges a fee not going beyond 16 and 75% of the actual value of the check distributed.

 

State:

Maine

Loan Agreement Limit:

None

Loan Terms State Regulations:

None

 

State:

Michigan

Loan Agreement Limit:

$600

Loan Terms State Regulations:

A certified creditor can have service charges for every deferred loan service transaction. A service charge is being paid to the licensee upon the transaction with no interest. A licensed creditor can charge the following as included in the service charges, as applicable: (a) An amount not exceeding to the whole of the following, as applicable: (i) Fifteen percent of the first $100 of the deferred presentment service transaction. (ii) 14% of the second $100 of the postponed loan service transaction. (iii) Thirteen percent of the third $100 of the postponed loan service transaction. (iv) 12% of the fourth $100 of the postponed loan service transaction. (v) 11% of the fifth $100 of the postponed loan service transaction. (vi) 10% of the sixth $100 of the postponed loan service transaction. (b) The value of any recorded verification fee permitted inspection 34(5).

 

State:

Minnesota

Loan Agreement Limit:

$350

Loan Terms State Regulations:

(i) Any value up to and including $50, a charge of $5.50 may be increased; (ii) on value exceeding to $50, but not greater than $100, a charge can be added equal to 10% of the loan proceeds plus a $5 processing or administrative fee; (iii) on amounts exceeding to $100, but not greater than $250, a charge can be added equivalent to 7%of the loan proceeds minimum of $10 plus a $5 processing or administrative fee; (iv) an amount exceeding to $250 and not more than $350, a charge may be added equivalent to 6% of the loan proceeds with a minimum of $17.50 plus a $5 administrative fee. After the maturity, the rate of contract must not exceed 2.75% a month to the left loan proceeds after the date of maturity calculated in the rate of 0.03 in the monthly ratings of the contract for every calendar day, the balance is unsettled.

 

State:

Mississippi

Loan Agreement Limit:

$400

Loan Terms State Regulations:

Resistance of any other provision of law, no encashing of check business licensed under this article shall be directly or indirectly collect or charge fees for cashing check services exceeding to the following: (a) 3%of the actual value of the check or $5, which is greater, for the federal government issued checks, any agency or state government of the agency or state or federal government state, or any municipality of this state or any country; (b) 10% of the actual value of the check or $5, which is greater, in personal checks; or (c) 5% of the actual value of the check or $5, which is greater, for money orders, or for all checks. A licensed creditor must not directly or indirectly make charges to any fee or other consideration for cashing a delayed deposit check exceeding to 18% of the actual value of the check.