At New Jersey Loans, we believe in complete transparency when it comes to the rates and fees associated with our loan products. We offer a variety of loan options to meet your financial needs, and it’s important that you understand the costs before applying. Below, you will find detailed information about the rates and fees for each type of loan we offer.
Payday Loans
Payday loans are short-term loans designed to provide fast cash for urgent needs.
- Loan Amount: Typically from $100 to $1,500
- APR: Can vary between 300% and 500% depending on the loan amount and repayment terms
- Fees: Origination fees may apply, typically $15 to $20 per $100 borrowed
- Repayment Terms: Due within 14 to 30 days, usually by your next payday
Installment Loans
Installment loans offer longer repayment terms and larger loan amounts, ideal for unexpected larger expenses.
- Loan Amount: $1,000 to $5,000
- APR: Typically ranges from 24% to 36%
- Fees: One-time processing fee or origination fee may be applied
- Repayment Terms: 6 months to 3 years, with fixed monthly payments
Personal Loans
Personal loans are unsecured loans that can be used for a variety of purposes such as medical bills, home repairs, and more.
- Loan Amount: $5,000 to $35,000
- APR: Typically 5% to 36%
- Fees: Processing fees, ranging from 1% to 5% of the loan amount
- Repayment Terms: 1 to 5 years, with flexible monthly payments
Title Loans
Title loans are secured loans where you use your vehicle as collateral.
- Loan Amount: Typically 25% to 50% of your car’s value
- APR: 25% to 36%
- Fees: Origination fees and possible late payment fees
- Repayment Terms: Short-term, usually due in 30 days, but can be extended depending on the lender
Tribal Loans
Tribal loans are provided by federally recognized Native American tribes and often have more lenient terms.
- Loan Amount: $500 to $5,000
- APR: Varies but can range from 200% to 600% depending on the lender
- Fees: Origination fees and potential administrative fees
- Repayment Terms: 6 months to 2 years, depending on the loan agreement
Allotment Loans
Allotment loans are available to federal employees and military personnel, with repayment automatically deducted from your paycheck.
- Loan Amount: $500 to $5,000
- APR: Typically 6% to 24%
- Fees: Minimal fees, often only administrative or processing charges
- Repayment Terms: 3 to 12 months, with automatic deductions from your paycheck
Emergency Loans
Emergency loans are designed to provide fast financial relief for urgent needs like medical bills, car repairs, or household emergencies.
- Loan Amount: $100 to $5,000
- APR: Typically 18% to 36%
- Fees: Origination and service fees may apply, depending on the loan provider
- Repayment Terms: 30 days to 1 year, depending on the loan amount and terms
Why Choose New Jersey Loans?
We strive to provide competitive rates with flexible loan options that meet your financial needs. Our goal is to offer clarity and transparency in all aspects of the loan process, so you can make informed decisions. With quick approval and easy application processes, we are here to help you get the funds you need fast, with no hidden fees or surprises.
Understanding Loan Costs
It’s important to note that the cost of loans can vary based on factors such as the loan amount, your credit history, and the loan term. We encourage you to review the terms carefully and choose the option that best fits your needs and budget.
Apply for a Loan Today
If you’re ready to get the financial help you need, apply for a payday loan, installment loan, personal loan, title loan, tribal loan, allotment loan, or emergency loan today. Our simple online application process allows you to apply quickly and receive approval in no time.