Rates & Fees

Rates and Fees

Transparent Loan Information – What You Need to Know

At Money Mate Loans, our mission is simple: we connect you with trusted lenders, at no cost to you. While we help you explore your loan options, we’re not a direct lender ourselves, which means we don’t set or influence the specific terms, rates, or fees that lenders may offer.

Loan Costs and APRs

Since we don’t issue loans directly, we can’t provide exact details about interest rates, Annual Percentage Rates (APRs), or the full cost of a loan. These factors are determined by your location and the lender you are matched with. If approved, the lender will present a clear, legally required disclosure outlining all terms, fees, and repayment details.

Before proceeding, you’ll have the chance to review everything carefully and decide whether to accept the offer. Once you electronically sign the agreement, your loan process will move forward.

What Happens if You Miss a Payment

If a payment is missed, some lenders may offer a short extension, usually up to two weeks, often with additional fees similar to your original loan cost. It's important to know that late or missed payments can hurt your credit score.

We only work with lenders that follow state regulations and fair debt collection practices, so you can feel confident that you're dealing with responsible providers.

Understanding Your Loan Agreement

Before you commit, your lender will give you a full loan agreement that breaks down all fees, rates, terms, and conditions. We strongly recommend reviewing it thoroughly. If you’re comfortable with the terms, you’ll complete the process by signing the document electronically.

Just a reminder: Money Mate Loans does not determine or enforce loan terms; we simply connect you with lending partners.

Late Payments and Their Impact

Each lender has different policies when it comes to late payments. That’s why it’s crucial to read and understand the lender’s terms before agreeing to anything. Penalties can vary depending on your state and lender and may include extra fees or extensions.

Late payments may also affect your credit report. That said, every lender we partner with is required to comply with applicable laws and ethical collection standards.

Loan Extensions

If you request more time to repay your loan, keep in mind this may come with additional interest or late fees, increasing the total amount you owe. State laws often regulate how these extensions work, and your lender will outline everything in detail.

Questions?

We are here to help. While we can't provide specifics on your loan, we’re happy to guide you through the process and help you understand what to expect before you're connected with a lender.