North Dakota Rates & Terms

Personal Loan

Line of Credit

Loan Amounts

$1,100 – $10,000

APR Range

34% – 155%

Loan Duration

6 – 60 months Loans with interest rates at or below 36% may not be eligible for 60-month terms.

Minimum Credit Limit:

$1,100

Maximum Credit Limit:

$3,500

Check Your Eligibility

This won't affect your credit score.

Depending on your application details, you may receive an offer for either a personal loan, line of credit or both.

Fees

Origination Fee:

On loans with an APR of 50% or less, a 5% origination fee will be deducted from the amount of the loan.

Late Fee:

You may be charged a late fee of $15 if you fail to make all or any part of a scheduled installment payment within 15 days of its scheduled installment due date.

Typical Loan Example

This is Derek.

  • Derek applies and is approved for a personal loan of $3,011.
  • His loan's APR is 98%.
  • He customizes his loan duration to make sure his monthly repayment is manageable.

Here’s what his repayment will look like.

Loan Duration

35 months

Monthly Repayment

$249

Loan terms vary based on application details and qualifications.

Origination Fee Example

This is Joyce.

  • Joyce applies and is approved for a personal loan of $6,000.
  • Her loan's APR is 38.44%.
  • Because her APR is less than or equal to 50%, she is charged a 5% origination fee.

Here’s how that looks after her 5% origination fee is assessed.

Loan Amount

$6,000

Amount Deposited in Account

(Amount requested - 5% origination fee)

$5,700

State Regulator Information

We are proud to operate in compliance with North Dakota regulations.

If we are unable to address your questions or concerns, you can also contact your state regulatory agency:

Department of Financial Instutions
2000 Schafer Street, Suite G
Bismarck, ND 58501-1204
Phone: 701.328.9933
Fax: 701.328.0290
www.nd.gov

Last Updated September 24, 2018

Fees & Charges

Outstanding Balance Fee:

The outstanding balance fee you owe will vary based on the frequency with which you receive income, your outstanding principal balance at the end of your billing period and any Fee Saver reductions accrued. If your outstanding principal balance at the end of your billing period is $25 or less, you will not incur an outstanding balance fee.

For bi-weekly/twice-monthly customers with no Fee Saver reductions accrued, the outstanding balance fee will be $5 per $100 of the outstanding principal balance at the end of the billing period (rounded up to the nearest $100). This means that if your outstanding principal balance is between $25.01 and $100, we charge $5. If your balance is between $100.01 and $200, we charge $10, and so on.

For monthly customers with no Fee Saver reductions accrued, this amount will be $10 per $100 of the outstanding principal balance at the end of the billing period (rounded up to the nearest $100). This means that if your outstanding principal balance is between $25.01 and $100, we charge $10. If your balance is between $100.01 and $200, we charge $20, and so on.

Cash Advance Fee:

10% of the cash advance, which will be deducted from the amount of your advance.

Product Features

Fee Saver:

Each time you make a qualifying string of payments (12 consecutive bi-weekly/twice-monthly or six consecutive monthly payments) you are eligible for a reduction of your outstanding balance fee.

Your outstanding balance fee will be reduced by $0.40 per $100 borrowed if billed bi-weekly/twice-monthly and can be reduced to no less than $2 per $100 borrowed. If billed monthly, your outstanding balance fee will be reduced by $0.80 per $100 borrowed and can be reduced to no less than $4 per $100 outstanding.

For additional terms and conditions, see your line of credit agreement.

Payment Information

Duration:

A line of credit is an open-end form of credit and has no fixed duration.

Minimum Payment:

For each billing cycle you carry a balance, you are required to pay a minimum payment.

If your billing cycle is bi-weekly/twice-monthly, the minimum payment will equal 2.5% of the outstanding principal balance (inclusive of cash advance fee) plus the outstanding balance fee. If your billing cycles are monthly, the minimum payment will equal 5% of the outstanding principal balance (inclusive of cash advance fee) plus the outstanding balance fee. This charge also takes into consideration any Fee Saver reductions accrued. The minimum payment for any period will never be less than $50 if you pay bi-weekly/twice-monthly or $100 if you pay monthly unless your outstanding balance at the end of the billing period is smaller, in which case your minimum payment will equal that outstanding balance.

Bi-Weekly Billing Cycle Minimum Payment Example:

This is Jaime.

  • Jaime applies and gets a credit limit of $1,500.
  • Based on his pay dates, Jaime will have a bi-weekly repayment schedule.
  • He requests an initial cash advance of $1,000.

Here's how that looks after his 10% cash advance fee is assessed.

Amount Requested


$1,000

Amount Deposited in Account (Amount requested - 10% cash advance fee)

$900

Now let's look at how his initial minimum payment will be calculated:

Principal Payment (2.5% of outstanding principal)

$25

Outstanding Balance Fee ($5 per $100 of outstanding principal)

$50

Minimum Payment (Principal payment +
outstanding balance fee)

$75

Monthly Billing Cycle Minimum Payment Example:

This is Alexis.

  • Alexis applies and gets a credit limit of $1,500.
  • Based on her pay dates, Alexis will have a monthly repayment schedule.
  • She requests an initial cash advance of $1,000.

Here's how that looks after her 10% cash advance fee is assessed.

Amount Requested


$1,000

Amount Deposited in Account (Amount requested - 10% cash advance fee)

$900

Now let's look at how her initial minimum payment will be calculated:

Principal Payment (5% of outstanding principal)

$50

Outstanding Balance Fee ($10 per $100 of outstanding principal)

$100

Minimum Payment (Principal payment +
outstanding balance fee)

$150

Check Your Eligibility

This won't affect your credit score.