Rates & Terms

Loan Terms Overview

We understand that everyone's financial situation is unique. That's why we offer a wide range of loan amounts and repayment terms to meet your specific needs. Whether you need a small amount to cover an unexpected expense or a larger loan for a major purchase, we have options available.

Loan Amounts

We offer loans starting from as little as $100 for those small emergencies, up to $5,000 for larger financial needs. Your approved loan amount will depend on several factors including your income, credit history, and ability to repay.

Repayment Terms

Choose from flexible repayment periods ranging from 3 months for short-term needs to 24 months for larger loans. Longer terms generally mean lower monthly payments but may result in more interest paid over the life of the loan.

Interest Rates

Our APRs range from 6.99% to 35.99%. The rate you receive will be based on your credit profile, loan amount, and chosen repayment term. We believe in transparency, so your rate will be clearly disclosed before you accept your loan.

How Our Rates Work

The Annual Percentage Rate (APR) represents the yearly cost of your loan, including interest and any applicable fees. Your specific APR will be determined based on:

• Your credit score and credit history
• Your income and employment status
• The loan amount you're requesting
• The repayment term you select
• Your overall financial profile

Fees and Charges

At BAY CASH ADVANCE, we believe in complete transparency when it comes to fees. Here's what you need to know:

Origination Fees

Some loans may include an origination fee of 0% to 5% of the loan amount. This fee, if applicable, is deducted from your loan proceeds and will be clearly disclosed in your loan agreement.

No Prepayment Penalties

We never charge prepayment penalties. You can pay off your loan early at any time without additional fees, potentially saving money on interest.

Late Payment Fees

We encourage on-time payments to avoid late fees. If a payment is late, a fee of $25 or 5% of the payment amount (whichever is less) may apply after a 10-day grace period.

NSF Fees

If a payment is returned due to insufficient funds, a $30 NSF fee may apply. We recommend setting up automatic payments to avoid this situation.

Representative Example

To help you understand how our loans work, here's a representative example:

If you borrow $2,000 with a 12-month term at an 18% APR, your monthly payment would be approximately $183.34. Over the life of the loan, you would pay $200.08 in interest, for a total repayment of $2,200.08.

Remember, this is just an example. Your actual rate and payments may differ based on your individual circumstances.

Important Information

Before applying for a loan, please consider the following:

• Only borrow what you can afford to repay
• Consider the total cost of the loan, not just the monthly payment
• Make sure you understand all terms and conditions before accepting a loan
• Contact us if you have any questions about rates or terms
• Review our Responsible Lending page for tips on borrowing wisely