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Quick & Reliable Payday Loans in North Dakota – TRC Loans Has You Covered!

Payday Loans up to $5,000

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Rates and Fees

At TRC Loans, we believe in full transparency, ensuring that you understand all costs before borrowing. Below are the details of our payday loan terms in North Dakota.

Loan Terms & Fees

• Loan Amounts: Varies based on eligibility and lender approval.

• Loan Term: Typically ranges from 14 to 30 days for payday loans.

• Finance Charges: Typically, a flat fee of $15 to $30 per $100 borrowed, depending on state regulations.

• Annual Percentage Rate (APR): Varies based on the loan type and lender approval.

Understanding APR

The Annual Percentage Rate (APR) represents the total cost of borrowing on an annualized basis, including interest rates and fees. Here are some general APR ranges:

• Personal loans APRs range from 4.99% to 450%.

• Cash advance loans APRs vary between 200% and 1386%.

• Installment loans APRs typically range from 6.63% to 225%.

Since TRC Loans connects borrowers with lenders but does not directly issue loans, we cannot guarantee a specific APR. Your actual rate will depend on factors such as credit score, credit history, income, and other information in your application. For precise APR details, please refer to your loan agreement or contact your lender.

Representative APR Example

If you borrow $2,500 over a term of 1 year with an APR of 10% and a 3% origination fee, your repayment breakdown would be:

• Monthly Payment: $219.79

• Total Amount Payable: $2,637

• Total Interest Paid: $137.48

Late or Non-Payment Fees

Missing a payment or failing to repay your loan on time may result in additional charges, such as:

• Late Payment Fees: Varies by lender, typically $10 to $25.

• NSF Fees (Non-Sufficient Funds): $15 to $35, if your payment is returned due to insufficient funds.

• Collection Costs: Additional fees may apply if the loan is sent to collections.

Important Considerations

• Payday loans are designed for short-term financial needs and are not a long-term financial solution.

• Borrowing responsibly helps you avoid unnecessary fees and financial difficulties.

• If you have any questions about our rates and fees, our friendly team is here to assist you!