Loan Amount for Example Payments?
*Monthly Installment loans amount up to $1,500
| Amount of Loan (Amount Received) | Loan Terms (In Days) | CSO Fees
(In Aggregate) Total Cost of CSO Services |
Interest
(Paid to Lender at 10%) |
Total of Payments
(Loan Amount, CSO Fees and Lender Interest) |
Installment
Payments Amounts #1-4 |
Final – 5th
Installment Payment |
Annual Percentage Rate |
|---|---|---|---|---|---|---|---|
| $400.00 | 156 | $500.00 | $10.28 | $910.28 | $182.06 | $182.04 | 414.24% |
| $1,000.00 | 156 | $1,250.00 | $25.78 | $2,275.78 | $455.16 | $455.14 | 414.26% |
| $1,500.00 | 156 | $1,878.00 | $38.66 | $3,413.66 | $682.73 | $682.74 | 414.26% |
Note that these are examples and that your APR may change based on your pay date, pay period, loan term, CSO/ CAB Fee and amount received. All loan products below are for Monthly repayment schedule based on your payroll schedule. Finance charge includes CAB Fee calculated at 25% of the principal plus interest at 10% per annum.
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MK PayDay LLC is a credit access business licensed in Texas. All loans are made by an unaffiliated third party lender.
Applying for a loan in no way guarantees that you will be approved for a loan from the third party lender. MK PayDay LLC will attempt to arrange a loan for you from the third party lender but MK PayDay LLC cannot promise or guarantee that you will receive a loan. Credit decisions are made by the third party lender.
