Rates & Fees
Transparent ranges and examples
Cash Advance: Akron Loans is a connector. Participating lenders determine rates, terms, and fees (if any). This page describes the ranges you may see and how to interpret them.
Ranges
- Loan amount range: $100–$5,000
- Term range: 3–24 months
- APR range: 5.99%–35.99%
Actual offers depend on lender criteria, your application details, verification results, state eligibility, and other factors.
What APR means
APR (Annual Percentage Rate) is a standardized way to express the cost of borrowing, including interest and certain charges, on an annual basis. The APR you receive may differ from another applicant’s APR, even for the same amount and term.
- Lower APR generally means lower total cost, all else equal.
- Shorter terms can increase the monthly payment even if total interest paid is lower.
- Longer terms can reduce the monthly payment but may increase total interest paid.
Fees (if applicable)
Participating lenders may charge fees depending on the product and jurisdiction. Examples can include origination fees, late fees, or insufficient funds (NSF) fees. Lenders must disclose all fees before you accept an offer.
- No hidden fees: fees must be disclosed in the lender’s agreement.
- Timing: some fees may be deducted from the disbursed amount; others may be charged when triggered (e.g., late payment).
- How to compare: review APR, total of payments, and any itemized fees side by side.
Illustrative examples (not an offer)
These examples are for understanding only. Your exact payment schedule and total cost depend on the lender’s offer and your selected term.
- Example A: $1,000 over 12 months at 18.00% APR → estimated monthly payment and total cost will depend on lender calculation method.
- Example B: $2,500 over 24 months at 29.99% APR → estimated monthly payment and total cost will depend on lender calculation method.
Before accepting any offer, review the lender’s Truth in Lending disclosures, payment schedule, and total of payments.
Key disclosures
- Cash Advance: Akron Loans is not a lender and does not originate loans.
- Submitting an application does not guarantee approval.
- Participating lenders determine eligibility, APR, term, and fees.
- APR and fees may vary by state and product availability.