Your finance charge and Annual Percentage Rate (APR) will vary based on many factors, such as your creditworthiness and the amount, length, and repayment term of your loan. Below is an example of a typical transaction. See your loan agreement for the cost of credit of your loan.
Online Installment Loans from W6LS, Inc. dba WithU Loans are governed by the laws of the Otoe Missouria Tribe of Indians.
Cost of Credit for a Typical Transaction
|
Loan Amount |
$1000 |
|
Number of Payments |
26 |
|
Payment Schedule |
25 bi-weekly payments of $221.58; final bi-weekly payment of $220.91 |
|
Finance Charge |
$4760.41 |
|
Total of Payments (the amount you will have paid after you have made all payments as scheduled) |
$5760.41 |
|
Late Fee: |
$20.00 |
|
Early Payoff Fee: |
None |
|
APR**: |
597.3591% |
**Annual Percentage Rate: The APR is the total cost of your loan expressed as a yearly rate.
Example Bi-Weekly Payment Schedule
Example Loan Amount: $1,000
Example Loan Start Date: May 1, 2020
|
Number of Payments |
Payment Due Date |
Payment Amount |
|
0 |
5/1/2020 |
$0.00 |
|
1 |
5/12/2020 |
$221.58 |
|
2 |
5/26/2020 |
$221.58 |
|
3 |
6/9/2020 |
$221.58 |
|
4 |
6/23/2020 |
$221.58 |
|
5 |
7/7/2020 |
$221.58 |
|
6 |
7/21/2020 |
$221.58 |
|
7 |
8/4/2020 |
$221.58 |
|
8 |
8/18/2020 |
$221.58 |
|
9 |
9/1/2020 |
$221.58 |
|
10 |
9/15/2020 |
$221.58 |
|
11 |
9/29/2020 |
$221.58 |
|
12 |
10/13/2020 |
$221.58 |
|
13 |
10/27/2020 |
$221.58 |
|
14 |
11/10/2020 |
$221.58 |
|
15 |
11/24/2020 |
$221.58 |
|
16 |
12/8/2020 |
$221.58 |
|
17 |
12/22/2020 |
$221.58 |
|
18 |
1/5/2021 |
$221.58 |
|
19 |
1/19/2021 |
$221.58 |
|
20 |
2/2/2021 |
$221.58 |
|
21 |
2/16/2021 |
$221.58 |
|
22 |
3/2/2021 |
$221.58 |
|
23 |
3/16/2021 |
$221.58 |
|
24 |
3/30/2021 |
$221.58 |
|
25 |
4/13/2021 |
$221.58 |
|
26 |
4/27/2021 |
$220.91 |