Rates & Fees
Transparency is important to us. Below you'll find detailed information about our rates and fee structure.
In California, payday loans are regulated by the Department of Financial Protection and Innovation (DFPI) under the California Deferred Deposit Transaction Law (CDDTL). By law, the maximum check amount a lender can accept is $300. The maximum fee a lender can charge is 15% of the check's face value. This means the highest fee is $45, leaving you with a maximum cash disbursement of $255. The loan term cannot exceed 31 days, and rollovers (extending the loan for an additional fee) are strictly prohibited. The specific APR you pay depends on the exact length of your loan.
Annual Percentage Rate (APR)
Approximately 460% for a 14-day $255 loan
Representative Example
| Loan Amount | Term | APR | Finance Charge | Total Repayment |
|---|---|---|---|---|
| $100 | 14 days | 460% | $17.65 | $117.65 |
| $200 | 14 days | 460% | $35.29 | $235.29 |
| $255 | 14 days | 460% | $45.00 | $300.00 |
Representative examples based on California state regulations. We are not a lender and do not make credit decisions or determine rates. The exact APR, fees, and repayment terms will be clearly disclosed by your lender in your loan agreement.
State-Specific Information — California
Maximum Loan Amount: $255 cash ($300 check face value)
Rate Cap: 460% (Typical for a 14-day $255 loan)
Regulations: Regulated by the California Deferred Deposit Transaction Law (CDDTL). Rollovers are prohibited.
Licensing: Lenders operating in California must be licensed by the Department of Financial Protection and Innovation (DFPI).