Rates & Terms
Full transparency on what a MaxLend loan costs. Know before you borrow.
| Feature | Details |
|---|---|
| Loan amount | $1,000 – $3,750 (first-time borrowers up to $2,000) |
| Representative APR | 471% – 841% |
| Repayment term | Up to 10 months, scheduled installments |
| Funding speed | As soon as the same business day |
| Origination fee | None |
| Prepayment penalty | None — pay early to save |
| Credit score minimum | No FICO minimum required |
| Collateral | Not required (unsecured) |
Understanding the true cost
MaxLend installment loans are designed for short-term emergencies, not long-term borrowing. Because the APR is very high, the smartest way to use one is to borrow only what you need and repay it as quickly as possible. There is no prepayment penalty, so paying ahead directly lowers what you pay in interest.
An illustrative example
A representative $2,000 loan repaid over the scheduled term could cost significantly more than the principal once interest is applied. Your exact figures — amount financed, finance charge, total of payments, and APR — are always disclosed in your loan agreement before you sign anything.
Lower-cost alternatives to consider first
- Credit union Payday Alternative Loans (PALs), capped at 28% APR
- Employer payroll advances or earned-wage access apps
- Non-profit credit counseling and hardship programs
- Negotiating a payment plan directly with a biller
MaxLend can be a useful option when these aren't available and you need funds fast — but always compare your total cost first.