Transparent Financial Solutions
At MONEY IN MINUTES PAYDAY LOANS, L.L.C., we believe in complete transparency regarding our rates and terms. Below, you'll find detailed information about our various financial products. Our rates are competitive and tailored to each client's specific financial situation.
The following information is for general reference only. Your actual rate and terms will be determined based on your individual financial profile, credit history, and the specific product you select.
All rates and terms are current as of June 1, 2023, and are subject to change without notice. Please contact our financial advisors for the most up-to-date information.
Our Financial Products
Personal Loans
Our personal loans offer flexible funding solutions for a variety of needs, from major purchases to unexpected expenses. With fixed rates and predictable monthly payments, you can borrow with confidence.
| Loan Amount | Term Length | APR Range* | Monthly Payment Example |
|---|---|---|---|
| $1,000 - $5,000 | 12-36 months | 8.99% - 15.99% | $88 - $465 per month |
| $5,001 - $15,000 | 24-60 months | 7.99% - 14.99% | $101 - $702 per month |
| $15,001 - $35,000 | 36-84 months | 6.99% - 12.99% | $217 - $1,090 per month |
| $35,001 - $50,000 | 48-120 months | 5.99% - 11.99% | $389 - $1,149 per month |
*APR (Annual Percentage Rate) ranges are based on creditworthiness, loan amount, and term length. Your actual rate will be determined during the application process.
Features & Benefits
- Fixed rates and predictable monthly payments
- No prepayment penalties
- Fast approval and funding process
- Flexible use of funds
- Autopay discount of 0.25% APR
Debt Consolidation
Simplify your finances by consolidating multiple high-interest debts into a single, manageable payment. Our debt consolidation solutions can help you save on interest and pay off your debt faster.
| Consolidation Amount | Term Length | APR Range* | Potential Monthly Savings** |
|---|---|---|---|
| $5,000 - $15,000 | 24-60 months | 7.49% - 13.99% | $50 - $200 |
| $15,001 - $30,000 | 36-84 months | 6.49% - 12.99% | $100 - $350 |
| $30,001 - $50,000 | 48-120 months | 5.99% - 11.99% | $150 - $500 |
| $50,001 - $100,000 | 60-180 months | 5.49% - 10.99% | $300 - $800 |
*APR (Annual Percentage Rate) ranges are based on creditworthiness, loan amount, and term length.
**Potential monthly savings are estimates based on consolidating high-interest debt (18%+ APR) and will vary based on your specific situation.
Features & Benefits
- Potential to lower your overall interest rate
- Single monthly payment instead of multiple bills
- Fixed payoff date
- Personalized debt reduction strategy
- Free credit score monitoring
Lines of Credit
Our flexible lines of credit provide ongoing access to funds when you need them. Borrow only what you need, when you need it, and pay interest only on the amount you use.
| Credit Line Amount | Draw Period | APR Range* | Minimum Payment |
|---|---|---|---|
| $2,500 - $10,000 | 5 years | 9.99% - 17.99% | 2% of balance or $50 |
| $10,001 - $25,000 | 7 years | 8.99% - 16.99% | 2% of balance or $100 |
| $25,001 - $50,000 | 10 years | 7.99% - 15.99% | 1.75% of balance or $150 |
| $50,001 - $100,000 | 15 years | 6.99% - 14.99% | 1.5% of balance or $200 |
*Variable APR (Annual Percentage Rate) ranges are based on creditworthiness and may vary with the market based on the Prime Rate.
Features & Benefits
- Flexible access to funds as needed
- Pay interest only on what you borrow
- Revolving credit - as you repay, your available credit is restored
- Online access to manage your account
- No annual fee options available for qualified applicants
Specialized Financing
Our specialized financing solutions are designed for specific needs or industries. These customized options offer tailored terms and competitive rates for unique financial situations.
Contact our financial advisors for detailed information about our specialized financing options and to discuss your specific needs.
Fees & Additional Information
At MONEY IN MINUTES PAYDAY LOANS, L.L.C., we believe in transparent pricing with no hidden fees. Below is a comprehensive list of all potential fees associated with our financial products.
No application fees and no prepayment penalties on any of our products
| Fee Type | Amount | Description |
|---|---|---|
| Application Fee | $0 | We do not charge fees to apply for our products. |
| Origination Fee | 0% - 5% | May vary based on loan amount and creditworthiness. This fee is included in the APR calculation. |
| Late Payment Fee | $25 or 5% of payment | Charged when a payment is received after the grace period (typically 15 days). |
| Returned Payment Fee | $25 | Charged for each returned or failed payment attempt. |
| Prepayment Penalty | $0 | We do not charge penalties for early repayment of loans. |
| Document Preparation Fee | $0 - $150 | May apply to specialized financing products or complex loan structures. |
All fees are subject to change and may vary based on your specific financial situation and the product selected. For the most accurate information, please consult with one of our financial advisors.
Qualification Requirements
While each financial product has specific requirements, below are the general criteria we consider when evaluating applications:
Credit Score
Minimum score requirements vary by product. Generally, we offer solutions for scores from 640 to 850+, with the best rates available to those with excellent credit (740+).
Income
We require verifiable, stable income sufficient to cover your existing obligations plus the new loan payment. Typically, we look for a debt-to-income ratio below 45%.
Employment History
Generally, we require at least 12 months of continuous employment or a stable self-employment history of 2+ years.
Credit History
We evaluate your payment history, types of credit used, and length of credit history. A minimum of 24 months of credit history is typically required.
Meeting these general requirements does not guarantee approval. Each application is evaluated on its own merits, considering multiple factors beyond those listed here.
Application Process
Initial Consultation
Speak with one of our financial advisors to discuss your needs and explore available options.
Application Submission
Complete our secure online application or work with an advisor to submit required documentation.
Review & Approval
Our underwriting team reviews your application, verifies information, and determines your specific rates and terms.
Agreement & Funding
Review and sign your loan agreement, and receive funds as quickly as the next business day after approval.
Ready to Get Started?
Contact our team to discuss your financial needs and begin the application process.