Rates & Fees
Transparency is important to us. Below you'll find detailed information about our rates and fee structure.
In California, payday loans are regulated by the Department of Financial Protection and Innovation (DFPI) under the California Deferred Deposit Transaction Law. The law states that the face value of a payday loan check cannot exceed $300. Lenders are permitted to charge a maximum fee of 15% of the face amount of the check (up to $45). This means the maximum cash you can receive is $255. The maximum term for a payday loan in California is 31 days. Rollovers are strictly prohibited, meaning you cannot extend the loan by paying another fee.
Annual Percentage Rate (APR)
Typically around 460.16% for a 14-day loan
Representative Example
| Loan Amount | Term | APR | Finance Charge | Total Repayment |
|---|---|---|---|---|
| $100.00 | 14 days | 460.16% | $17.65 | $117.65 |
| $200.00 | 14 days | 460.16% | $35.29 | $235.29 |
| $255.00 | 14 days | 460.16% | $45.00 | $300.00 |
Representative example for informational purposes only. We are not a direct lender. The above figures represent maximums allowed under California law. Your actual rates, fees, and terms will be determined by your specific lender and will be fully disclosed in your loan agreement prior to signing.
State-Specific Information — California
Maximum Loan Amount: $300 face value ($255 maximum cash advance)
Rate Cap: No strict APR cap; maximum fee is 15% of the $300 face value (resulting in ~460% APR for a 14-day term)
Regulations: California law (CDDTL) limits payday loan check amounts to $300, caps fees at 15% of the check amount, limits the loan term to 31 days, and strictly prohibits loan rollovers.
Licensing: Lenders operating in California must be licensed by the Department of Financial Protection and Innovation (DFPI) pursuant to the California Deferred Deposit Transaction Law.