Rates & Fees
Last updated: September 11, 2026
LoanPathway is not a lender, and using our service is free. The rates, fees and terms of any loan you are offered are set by the lender, not by us. This page explains the typical ranges offered by lenders in our network and what they mean.
Loan Ranges
- Loan amounts: $1,000 to $5,000.
- Repayment terms: from a minimum of 91 days to a maximum of 72 months.
- APR: from 5.99% to a maximum of 35.99%.
Not all lenders offer the full range of amounts, terms or rates, and not every applicant will qualify for the lowest rates or the highest amounts. Availability varies by state.
What Is APR?
The Annual Percentage Rate (APR) is the yearly cost of a loan, expressed as a percentage. It includes the interest rate plus fees and other costs, such as an origination fee, calculated over one year. Because it includes fees, APR is usually a better way to compare loan offers than the interest rate alone. Your lender must show you the APR before you sign a loan agreement.
Representative Example
More Examples
In these examples, the origination fee is deducted from the loan proceeds, and total repayment is the sum of all monthly payments.
| Loan amount | Term | Interest rate | Origination fee | APR | Monthly payment | Total repayment |
|---|---|---|---|---|---|---|
| $1,000 | 12 months | 27.50% | $30 (3%) | 33.54% | $96.26 | $1,155.12 |
| $2,500 | 24 months | 21.99% | $100 (4%) | 26.31% | $129.68 | $3,112.32 |
| $5,000 | 36 months | 17.99% | $250 (5%) | 21.73% | $180.74 | $6,506.64 |
These examples are for illustration only. Your actual rate, fees, payment and total repayment will depend on the lender and on your individual situation.
What May Affect Your Rate
- Your credit history and credit score;
- Your income and existing debts;
- Your employment history;
- The loan amount and repayment term you choose;
- The state you live in and the laws that apply there; and
- Each lender's own underwriting (approval) standards.
Possible Fees
Fees are set by each lender and must be disclosed to you before you sign. Common fees may include:
- Origination fee: a one-time fee for processing the loan, often a percentage of the loan amount and often deducted from the funds you receive.
- Late payment fee: charged if a payment is not made by its due date or within a grace period.
- Returned payment fee: charged if a payment is returned, for example because of insufficient funds in your bank account.
Some lenders may charge other fees permitted by law. Read your loan agreement carefully and ask the lender about any fee you do not understand.
Late Payment or Non-Payment
If you pay late or do not repay your loan, you may face:
- Late fees and returned payment fees charged by your lender, and possibly additional fees charged by your bank;
- Collection activity by the lender or a collection agency, which must follow applicable law, such as the Fair Debt Collection Practices Act; and
- Negative reporting to one or more credit bureaus, which may lower your credit score and make it harder to borrow in the future.
If you think you may have trouble making a payment, contact your lender right away. Many lenders can discuss options before a payment is missed.
Renewal Policies
Whether a loan can be renewed, extended or refinanced depends on the lender and on the laws of your state. No automatic renewals are offered through our service. If you have questions about renewal, ask your lender before you sign, and review the renewal terms in your loan agreement.
See also our Lending Policy and Advertiser Disclosure.
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