Rates & Costs
Transparency is important to us. Here's what you need to know about the rates and costs associated with installment loans through Possible Finance.
APR Range
6.99% – 35.99% APR
Your actual APR will be determined based on your creditworthiness, income, loan amount, and other factors evaluated by the lender.
Example Rates & Terms
$1,000 Loan Example
Term: 12 months
APR: 24%
Monthly Payment: $94.50
Total Repayment: $1,134
This is an illustrative example. Your actual terms may differ.
$2,500 Loan Example
Term: 18 months
APR: 18%
Monthly Payment: $157
Total Repayment: $2,826
This is an illustrative example. Your actual terms may differ.
$5,000 Loan Example
Term: 24 months
APR: 15.5%
Monthly Payment: $242
Total Repayment: $5,808
This is an illustrative example. Your actual terms may differ.
Loan Features
- Fixed Monthly Payments: Your payment amount stays the same for the life of the loan
- No Prepayment Penalties: Pay off your loan early and save on interest without any fees
- Transparent Terms: All fees and terms clearly disclosed before you accept
- Autopay Option: Set up automatic payments to never miss a due date
- Flexible Terms: Choose from 3 to 24 months based on what works for your budget
Understanding APR
APR (Annual Percentage Rate) represents the yearly cost of your loan, including interest and certain fees. It helps you compare loan offers. The actual APR you receive depends on several factors:
- Your credit score and credit history
- Your income and employment status
- The loan amount and term you choose
- Your debt-to-income ratio
- The lender's individual underwriting criteria
Important Disclosure
These examples are for informational purposes only and do not constitute an offer of credit. Actual loan terms, including APR, loan amount, and repayment schedule, are determined by participating lenders based on your application and creditworthiness. Not all applicants will qualify for the lowest rates.