Usually we lend money for a short term - 12 month or less. Typically our borrowers pay us back within 3 months or so. Example: You borrow $5,000 and you are planning to pay it back within 3 months. You will be making interest ONLY payments of $208.33 per month. At the end of a 3 months period you will have to pay $5,000 back. If it takes more than 12 months to pay principal back - your loan could be renewed at 10% fee if all previous payments were made on time. That’s why we need to know your PLAN on how you are going to pay the loan off. Interest is 4.1667% a month. This is an emergency cash loan program with the SAME DAY funding. If you have more questions message us or call our office 1-800-674-9585