Rates and fees

1500Loans does not set loan rates or fees and does not publish a provider rate schedule on this page. The actual provider determines whether it offers a product and its APR, finance charges, fees, amount and repayment terms. Read the disclosures for the specific offer before accepting.

A rate alone does not show the complete cost. Compare the amount paid to you after deductions, required fees, payment dates and total scheduled repayment.

For comparison only: a hypothetical $1,500 balance at a 24% nominal annual interest rate over 12 equal monthly payments produces a regular payment of about $141.84 and scheduled payments totaling about $1,702.06 under the site’s calculator assumptions. If a separate hypothetical 5% fee ($75) were deducted from the proceeds, the cash received would be $1,425 while the modeled principal remains $1,500.

This is a mathematical illustration, not an offer or a quoted APR. It does not add the fee to an APR calculation, establish a real provider’s fees, or predict approval. Actual agreements can use different fees, timing and calculation methods.

Use the provider’s own APR and fee disclosures, net proceeds, number and timing of payments, and total repayment. Confirm whether a fee is withheld, added to the balance or paid separately. A lower payment can still mean a higher total cost over a longer term.

Use the payment calculator to test assumptions, then compare its illustration with the provider’s written terms.

The loan examples are hypothetical scenarios, not 1500Loans rates or offers. The payment tool models fixed nominal annual interest, equal monthly periods and a percentage fee deducted from proceeds when entered. An APR that includes fees is not automatically the nominal interest input.

The calculator rounds interest to cents each period and adjusts the last payment. Multiplying a displayed rounded payment by the number of months can therefore differ by a few cents. For the $1,500, 24%, 12-month example, eleven payments of $141.84 and a final $141.82 total $1,702.06. Different fee structures, dates or interest methods require the actual lender schedule.

Use the worked calculator examples to reconcile a schedule, the credit-inquiry source note for inquiry types, and the payday-cost source note for single-payment charges. The state sources support that page’s specific legal examples.