Rates & Fees

For many people, personal/credit loans can be a great alternative to other short-term credit options. Personal/Credit loans often come with lower interest rates than other short-term lending products, and usually offer the option to borrow for a period up to 36 months, providing both convenience and flexibility for borrowers. The exact rates and fees that to your loan, however, can only be determined by your lender. Your lender may base their charges on several factors, such as personal information, requested loan amount, and overall creditworthiness. FederalCreditLoans.com is not a lender and thus cannot provide you with the exact rates and fees that will to your loan. This website is an online marketplace that connects prospective borrowers with lenders, whose rates and fees vary. As always, our service is FREE to use and there’s ZERO obligation to accept any presented offer for any reason. Be sure to review the rate and fee information provided by your lender before accepting your loan.


Repayment structures vary by lender to lender. You may be asked to pay weekly, bi-weekly, or monthly depending upon your preferences and your lender's terms. To avoid defaulting on your loans or incurring any late fees, you may have the option to set-up periodic automatic payments directly from your bank account. Always be sure to read and fully understand all of your lender's policies regarding repayment, late or non-payment penalties, and your obligations as a borrower before accepting a loan offer.

Associated Costs

FederalCreditLoans.com is and always will be FREE to use. If you are connected with and approved by a lender, the cost of your loan will be determined by the initial principal amount, interest, and any additional fees charged by the lender. Interest rates will vary depending on several factors, including but not limited to the total loan amount and the duration of the loan. In addition, origination and documentation fees may be included for certain lenders and in certain states. You should always review all the associated costs before executing your loan agreement.

Lender’s Full Disclosure of Terms

The Federal Truth in Lending Act requires that lenders provide borrowers with full disclosure of all loan fees, terms, and interest rates. Your lender should disclose all of these fees and rates to you before you decide whether or not to accept your loan offer. If you decide to accept the loan terms, most lenders will direct you to an e-signature page, where you will be asked to provide your electronic signature to complete the loan process. Please take the time to read your loan agreement thoroughly before accepting and E-signing it.

Late Payment Policy

All lenders must abide by applicable laws, rules, and regulations regarding late payment fees and penalties. Late payment policies may vary based on the lender and the state in which you reside. However, all of this information will be disclosed in the paperwork provided by your lender. Make sure to review and understand the presented late payment policy details before accepting and signing your loan agreement.

Non-Payment Policy

Our lenders are dedicated to using lawful, fair and reasonable means to pursue collections of overdue accounts. In the case of non-payment, your lender may charge you additional fees. Additionally, lenders may place your account in collections and/or report non-payment to one or more credit bureaus, which could have a negative impact on your credit score. Non-payments are highly discouraged, and defaults can have a negative impact on borrower’s creditworthiness for future opportunities.

Loan Renewal Policy

Loan renewal policies are largely governed by state law. In states where renewals are allowed, additional interest and late fees may be added to your final loan amount, and should be avoided whenever possible. Be sure to read your lender's terms regarding loan renewal options before signing your loan agreement.

Standard Personal Loan Terms

The specific terms of your loan can only be provided by your lender, and will vary depending on several factors. Some common personal loan terms include a loan amount of $1,000 - $35,000, a payment period of 6-72 months, and payment frequency of once or twice a month. These terms are examples only, however, and the terms of the loan you are offered may vary.

Sample Personal Loan Cost & APR*

The chart below provides an example of the possible costs of a personal loan. This chart is provided as an example only – please review the documents provided by your lender to understand the actual costs of your particular loan.

Loan Amount Loan Term APR Monthly Payment Total Cost
$1,000 12 Months 20% $92.63 $1,111.61
$5,000 24 Months 15% $242.43 $5,818.40
$10,000 36 Months 10% $322.67 $11,616.19

* Please note that this list is for informational purposes only, is not intended to be legal advice, and may not be accurate or up to date at all times. If you have a specific question about laws or regulations applicable to you, please ask your lender directly or consult a legal adviser. Lending statutory provisions pertaining to personal loans may vary state to state.