Rates & Fees
Transparent pricing. No hidden fees. See exactly what you'll pay.
Loan Amount
$100 – $5,000
Borrow what you need. Minimum and maximum amounts may vary by lender and state.
Loan Term
3 – 24 months
Choose a repayment period that fits your budget. Shorter terms typically mean lower total interest.
APR Range
5.99% – 35.99%
Annual Percentage Rate. Your actual rate depends on creditworthiness, loan amount, and term.
Example Loan Scenarios
| Loan Amount | Term | APR | Monthly Payment | Total Repayment |
|---|---|---|---|---|
| $500 | 6 months | 24.99% | $90.42 | $542.52 |
| $1,000 | 12 months | 19.99% | $92.50 | $1,110.00 |
| $2,500 | 18 months | 15.99% | $155.28 | $2,795.04 |
| $5,000 | 24 months | 9.99% | $229.97 | $5,519.28 |
Fee Explanation
No Application Fee
CRE Loan Scout LLC and Loan App: Borrow Money - Scout do not charge an application fee. There is no cost to submit your application or to check your loan options. Our service is free to use for borrowers seeking to explore loan options through our network of lenders. We are compensated by lenders when a successful connection is made; this does not increase the cost of your loan.
Lender Fees
Individual lenders in our network may charge various fees, including but not limited to origination fees, processing fees, administrative fees, late fees, returned payment fees, and other fees as permitted by applicable state and federal law. All such fees will be disclosed to you in writing before you accept any loan offer. You are under no obligation to accept any offer, and you should compare the total cost of credit (including all fees and interest) before making a decision. Always review your loan agreement, Truth in Lending Act (TILA) disclosure, and any other documents provided by the lender carefully before signing. Fee structures vary significantly by lender, loan amount, term, and your credit profile.
Origination Fees
Some lenders charge an origination fee, which may be a flat fee or a percentage of the loan amount. This fee is typically deducted from the loan proceeds at funding. The exact amount, if any, will be disclosed in your loan offer and in the lender's disclosure documents. Origination fees are subject to state law limitations and may not be permitted in all jurisdictions.
Late Payment Fees
If you miss a scheduled payment or make a payment after the due date, your lender may charge a late fee as specified in your loan agreement. The amount of the late fee varies by lender and may be subject to state law caps. Late fees will be stated in your loan agreement and in the lender's disclosure documents. Repeated late payments may also result in negative reporting to credit bureaus and could affect your credit score. We encourage you to set up automatic payments or reminders to avoid late fees.
Returned Payment and NSF Fees
If a payment is returned due to insufficient funds, a closed account, or other reasons, your lender may charge a returned payment fee or non-sufficient funds (NSF) fee. The amount and conditions will be disclosed in your loan agreement. Multiple returned payments may result in default and collection activity.
Prepayment and Early Payoff
Many lenders in our network allow early payoff of your loan without a prepayment penalty. However, prepayment terms vary by lender and by loan product. Some lenders may charge a prepayment penalty if you pay off your loan before a certain date or within a specified period. You must check your specific loan agreement and the lender's disclosure documents for prepayment provisions. Paying off your loan early can reduce the total interest you pay over the life of the loan.
Interest and APR
The Annual Percentage Rate (APR) represents the cost of credit on a yearly basis and includes interest and certain fees. Our network lenders offer APRs typically ranging from 5.99% to 35.99%. Your actual APR depends on factors including your creditworthiness, loan amount, loan term, income, employment, and state of residence. The APR and total cost of your loan will be disclosed before you accept any offer. Interest accrues from the date of funding according to the terms of your loan agreement.
State-Specific Disclosures
Loan terms, fees, and availability vary by state. Some states have additional disclosure requirements, fee caps, or restrictions on certain loan products. The lenders in our network comply with applicable state and federal laws. Your loan offer will reflect the terms available in your state of residence.
Contact for Questions
If you have questions about rates, fees, or loan terms before or after applying, please contact us at [email protected] or (973) 587-2399. For questions about a specific loan you have accepted, contact your lender directly using the information provided in your loan documents.