Fee Schedule

Example Installment Loan AgreementExample Agreement Based on $100 Installment Loan

Mr Money

Borrower’s Name:
Co-Borrower’s Name:

Loan Number: 12345-1
Date: XX/XX/20XX

Federal Truth-in-Lending Statement

ANNUAL PERCENTAGE
RATE
 
The cost of your credit
as a yearly rate.

518.90%
FINANCE CHARGE 
The dollar amount the
credit will cost you.
 

$172.17
Amount Financed 
The amount of credit 
provided to you or on your
behalf.
 
$100.00
Total of Payments 
The amount you will have paid after you have made all
payments as scheduled.
 
$272.17
Your payment schedule will be:
No. of Payments: Amount of Payments: When Payments are Due:
1 $15.45 First Payment on 10/14/2016
22 $11.15 Weekly Beginning 10/21/2016
1 $11.42 Final Payment on 3/24/2017
LATE CHARGE: The undersigned promises to pay a delinquency charge of the greater of 5% or $30 on any interest or principal payment which has remained unpaid 10 days past the scheduled due date. 
PREPAYMENT: If you pay off this loan early you will not have to pay a prepayment penalty, and you may be entitled to a refund of part of the finance charge. 
See the contract (below) for any additional information about nonpayment, default, any required repayment in full before the scheduled date and the prepayment refunds and penalties.
Itemization of Amount Financed
A. Amount given to you directly. $100.00
B. Amount paid to others on your behalf. . . . . . . $0.00
C. Amount rolled over from previous loan No  N/A $0.00
D. Total amount financed (A+B+C) $100.00

FOR VALUE RECEIVED, the undersigned (all, if more than one), herein referred to as “Borrower”, jointly and severally promise to pay the order of the above named lender at its above address the 'Amount Financed' listed in the Federal Truth-In- Lending Disclosures above plus interest from the date of this Loan Agreement at the daily rate of  1.43%  and other permitted charges until you repay the loan in full. The percentage rate per year of interest is disclosed above as an Annual Percentage Rate.

Borrower further warrants, covenants, and agrees:

OUR PROMISE TO YOU: If you are not satisfied with all or any part of this agreement and you repay your loan within 24 hours of the time of the loan, we will refund any and all Finance Charges or document fees.

PREPAYMENT: You may prepay this loan at any time without penalty. If you do so, any prepaid finance charges will be rebated calculated on a pro rata basis according to the remaining term of the agreement from the date the credit is extended.

We’ve included our fee schedule below for your convenience. Based on your loan amount and how long you need it for, you can figure out what fee amounts you will need to pay, along with the cost of your loan.

FEE SCHEDULE
Days Annual Percentage Rate (APR) Loan Amount
$100 $200 $300 $400 $500
Finance Charge
2 521.43% $2.86 $5.71 $8.57 $11.43 $14.29
3 521.43% $4.29 $8.57 $12.86 $17.14 $21.43
4 521.43% $5.71 $11.43 $17.14 $22.86 $28.57
5 521.43% $7.14 $14.29 $21.43 $28.57 $35.71
6 521.43% $8.57 $17.14 $25.71 $34.29 $42.86
7 521.43% $10.00 $20.00 $30.00 $40.00 $50.00
8 521.43% $11.43 $22.86 $34.29 $45.71 $57.14
9 521.43% $12.86 $25.71 $38.57 $51.43 $64.29
10 521.43% $14.29 $28.57 $42.86 $57.14 $71.43
11 521.43% $15.71 $31.43 $47.14 $62.86 $78.57
12 521.43% $17.14 $34.29 $51.43 $68.57 $85.71
13 521.43% $18.57 $37.14 $55.71 $74.29 $92.86
14 521.43% $20.00 $40.00 $60.00 $80.00 $100.00
15 521.43% $21.43 $42.86 $64.29 $85.72 $107.17
16 521.43% $22.86 $45.72 $68.58 $91.44 $114.30
17 521.43% $24.29 $48.58 $72.87 $97.16 $121.45
18 521.43% $25.71 $51.42 $77.13 $102.84 $128.55
19 521.43% $27.14 $54.28 $81.42 $108.56 $135.70
20 521.43% $28.57 $57.14 $85.71 $114.28 $145.85
21 521.43% $24.29 $48.58 $72.87 $97.16 $121.45
22 521.43% $31.42 $62.84 $94.26 $125.68 $157.10
23 521.43% $32.86 $65.72 $98.58 $131.44 $164.30
24 521.43% $34.29 $68.58 $102.87 $137.16 $171.45
25 521.43% $35.71 $71.42 $107.13 $142.84 $178.55
26 521.43% $37.14 $74.28 $111.42 $148.56 $185.70
27 521.43% $38.57 $77.14 $115.71 $154.28 $192.85
28 521.43% $40 $80 $120 $160 $200

Borrower’s Name:
Co-Borrower’s Name:

Mr Money

Loan Number: 12345-1
Date: XX/XX/20XX

Federal Truth-in-Lending Statement

ANNUAL PERCENTAGE
RATE

The cost of your credit
as a yearly rate.
  518.90%  

FINANCE CHARGE
The dollar amount the
credit will cost you.

  $172.17  

Amount Financed
The amount of credit
provided to you or on your
behalf.
  $100.00  

Total of Payments
The amount you will have
paid after you have made all
payments as scheduled.
  $272.17