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What are the loan fees?
The interest rates in the pricing grid are derived from the concept of charging a fee for every $100 borrowed per payment period. This method is used to calculate the interest rate on an amortized loan. You can pay off your loan early without penalty - which also reduces the finance charges you pay.
What is the maximum loan amount?
If this is your first loan, you can apply for up to $1,500. If you are an existing customer, the maximum amount you may be eligible for may be as high as $3,000, depending on your level in the MaxLend Preferred Rewards program.
When will the repayment be made?
Your payment is due on the scheduled payment due date, which usually corresponds to your payment date. Their installment loan for new customers is usually 9 months; however, you can pay it off in full at any time without penalty. Every loan paid on time and in full in MaxLend Preferred Rewards counts towards your progress.
Can I pay in advance?
Yes, you can pay off your loan early without penalty. It may reduce the financial costs you pay. Every loan you pay back in full, with no missed or late payments, also counts towards a boost in their rewards program, MaxLend Preferred.
How do I apply for a loan?
Take a few minutes to fill out their secure online application. If approved, electronically sign your loan documents now!
2 A customer service representative will call to verify your information (or you can call them!). After confirming your details, they will email you a copy of the application. Print and save for your records.
3 Now the part you've been waiting for! MaxLend deposits money into your bank account.