Rates and Fees

At Austin Loans, we believe in full transparency, ensuring you understand the costs associated with your loan before you apply. Below, you’ll find a breakdown of our rates and fees to help you make an informed decision.

Loan Fees

• Origination Fee: A one-time fee of $15-$20 for every $100 borrowed (varies based on loan amount and state regulations).
• APR (Annual Percentage Rate): Typical APR ranges from 300% to 500%, depending on the repayment terms and loan duration.

Repayment Terms

• Loan repayment is typically due on your next payday (up to 30 days).
• Extensions or rollovers may incur additional fees as allowed by state law.

Late or Non-Payment Fees

• Late Payment Fee: If repayment is not received by the due date, a late fee of up to 5% of the loan amount may apply.
• Non-Sufficient Funds (NSF) Fee: If your payment is returned due to insufficient funds, a fee of $25-$30 may be charged.

Example Loan Calculation

For a $300 payday loan:

Loan Amount: $300

Origination Fee: $15 per $100 = $45

Total Repayment: $345 on your next payday

Actual fees and repayment amounts will vary based on state regulations and loan terms.

No Hidden Fees

We are committed to honesty and clarity. You will see all applicable fees and the total repayment amount before finalizing your loan. If you have questions, our team is here to provide answers.

Austin Loans – providing clear, upfront rates with no surprises.