Fees and Charges

MoneyMor.com is here to connect you with a lender or lending partner through our online application form, which you can complete with confidence and in the safety of your home.

There is no fee to apply for a loan. Additionally, you can decline the loan offer from the lender or lending partner and can seek other rates. MoneyMor.com is not a lender itself and does not make any loan decisions. Instead, we connect you with a third-party lender or lending partner within our network of lenders, who will make you an offer that should include the loan amount, fees, annual percentage rate (APR), and repayment terms, among other things. Depending on your state of residence, the maximum loan amount, interest rate, the number of times you can renew (if applicable), and the fees for renewing will vary.

Each lender and lending partner has its own policies covering important matters such as privacy, how they use personally identifiable information collected from you, terms and conditions, fees, the consequences of defaulting or failing to repay your loans, additional fees that may apply for late payments or failure to repay your loan, the possibility of renewing your loan, the fees associated with renewing your loan, and their collection practices, among other things. We strongly encourage you to review your lender’s specific policies and to direct any questions or concerns you may have to your third-party lender.

To qualify for a loan, you must: 1) Be a U.S. citizen or legal resident; 2) Be at least 18 years of age; 3) Have a valid Social Security number; and 4) Be employed or have some form of income. Additionally, some lenders or lending partners may require you to have a bank account in your name and to show proof of prior financial responsibility.

APR (Annual Percentage Rate)

APR is the amount of interest you would pay on a personal loan over the course of a full year. While we provide sample rates for your information, MoneyMor.com is not a lender and does not set APRs. The APR of your specific loan is determined by your lender according to the loan agreement and varies based on the information you provide when you submit a loan application, as well as your lender’s policies and terms.

After you are matched with a lender or lending partner, and assuming you receive a loan offer and accept it, you will be presented with a loan agreement that discloses the terms of your loan, including the APR, fees, finance charges, and other terms. Generally, personal loan APRs range from 6% to 35.99%. The exact APR depends on the calculation method, loan terms, fees, and renewal options. The following table represents sample rates, is for informational purposes only, and may not reflect the actual APRs offered by your lender.