Consumer Advisory: APR Rates Range From 5.99% to 35.99% Maximum APR for qualified consumers

Responsible Lending

Responsibility as Part of Business Model

We believe in a simple model: success is based on reputation, and reputation stands on trust. With this formula in mind, we’ve spent a lot of time building up a strong network of reliable lenders.

High Standards for Lenders

We set up high standards for our lending participants. To be included as financial services providers in our list, they must have a flawless standing in the loans business and strictly follow the letter of the law. Among those laws are:

  • fundamental Fair Lending laws, such as Equal Credit Opportunity Act (ECOA); Fair Housing Act; Fair Credit Reporting Act (FCRA); and Home Mortgage Disclosure Act (HMDA).
  • Truth in Lending Act;
  • The Fair Debt Collection Practices Act;
  • Local legislation covering lending practices in different states of the country. Please, remember that there are states that do not allow payday loans. More information about them can be found on our page for Rates and Fees.

Our team strongly encourages you to look through all these regulations to get an insight into the lending ethics and your rights. We also find it crucial to remind you that payday loans aren’t intended to be a financial cure-all. They fit emergencies but cannot solve long-standing budget problems. If you’re facing a persistent difficult situation, it’s better to seek advice from credit counseling specialists. Do not apply for a payday loan in case you can’t afford repayments.

Our Principles

We understand that applying for a payday loan means that you’ve found yourself in a challenging situation. To ensure you that nobody takes advantage of your temporal vulnerability, we’ve laid down the following rules:

  • Responsible funding: we render our services to employed residents of the United States with a steady source of income. This means that you will be given a loan through this platform only if there is evidence you can repay it;
  • Minors not allowed: we ask for your ID for a reason. Services of our platform are not designed for people under 18 years old;
  • No odd questions: our application form requires only those personal details of yours that are really necessary to provide you with funding;
  • Honesty is the best policy: we DO NOT insist that there is no other way. On the contrary, we place special emphasis on the fact that there are alternatives to payday loans. Credit unions, banks, friends or family may offer you a less costly solution;
  • Your experience matters: we did our utmost to organize a large network of lenders with fair lending practises. However, if you feel that your lender violates one of the Fair Lending laws, please, inform us about this incident. The violator will be removed from our platform straightaway.

Important Notice

We do not lend money. Instead of this we afford ground for lending and borrowing. Consider us a means to an end in case when urgent assistance is needed. However, serving as a link between you and a lender, we do not answer for your communication with each other and have no knowledge over your loan agreement. In case you have questions about your offer, you should address them to your lender, not to us.

Annual Percentage Rate (APR)

Annual Percentage Rate (APR) is a measure of the cost of credit, expressed as a nominal yearly rate. It relates to the amount and timing of value received by the consumer to the amount and timing of payments made. QuickLoanTree cannot guarantee any APR since we are not a lender ourselves. An APR can generally run between 5.99% up to 35.99%. Loan products general have a 61-day minimum repayment term and a 72-month maximum repayment term. Before accepting a loan from a lender within our network, please read the loan agreement carefully as the APR and repayment terms may differ from what is listed on this site.

Representative Examples of APR, Total Loan Costs & Fee

Amount Period APR Monthly Total Paid
$2,00012 mo24%$189.12$2,269.44
$4,00024 mo12%$188.29$4,518.96
$6,00036 mo12%$199.29$7,174.29

Financial Implications (Interest & Finance Charges)

Motiveloan.com is not a lender and we cannot predict what fees and interest rate will be applied to the loan you will be offered. It is your lender that will provide all the necessary information about the cost of the loan before you get approved. It is your responsibility to peruse the loan agreement carefully and accept the offer only if you agree to all the terms. Motiveloan.com service is free of charge, and you are under no obligation to accept the terms that the lender offers you.

Implications of Non-Payment

When you accept the terms and conditions for a loan, you enter into commitment to repay the amount you owe according to the specific schedule outlined in the documents. In the event of non-payment, additional charges may be applied. Late payment penalties vary by lender, and as Motiveloan.com is not involved in the lending process, we cannot supply any information on the fees you will incur if any default occurs. For more information, please contact the lender directly if you have any issues relating to your loan repayment.

Potential Impact to Credit Score

Motiveloan.com is not a lender and we do not check your credit standing and credit capacity. When you submit a request at our online platform, this is considered a soft inquiry and does not impact your credit score. However, some lenders may carry out a credit check to ascertain your eligibility for a loan. Most likely they will turn to any of the three major credit bureaus (Transunion, Experian and Equifax) that is in most cases considered a hard inquiry and may affect your credit score.

Collection Practices

Motiveloan.com is not a lender. As such, we are not involved in any debt collection practices and cannot make you aware of any of them. Your lender will specify their collection practices in your loan agreement. If you have any questions regarding the issue, please, address them to your lender. For more information visit our page for Responsible Lending.

Loan Renewal Policies

Loan renewal options are not always available. It is therefore advisable to clarify whether the option is available with your lender. Be sure to carefully peruse the renewal policy presented in the agreement before you sign the documents.