Rates & Fees
Transparency is important to us. Below you'll find detailed information about our rates and fee structure.
In Chula Vista, California, payday loans are regulated by the California Department of Financial Protection and Innovation (DFPI). The maximum loan amount is $300, which typically results in a $255 payout to the borrower after the maximum 15% fee is applied. Lenders cannot charge more than $17.65 per $100 borrowed. There are no rollovers allowed in California, meaning you must pay off one loan before taking another. APRs for these short-term loans are high because they are meant to be repaid quickly, usually on your next payday.
Annual Percentage Rate (APR)
Typically around 460% (California State Cap)
Representative Example
| Loan Amount | Term | APR | Finance Charge | Total Repayment |
|---|---|---|---|---|
| $100.00 | 14 Days | 460% | $17.65 | $117.65 |
| $200.00 | 14 Days | 460% | $35.29 | $235.29 |
| $255.00 | 14 Days | 460% | $45.00 | $300.00 |
This is a representative example only. Actual APRs, fees, and terms will vary based on the lender you are connected with. California law limits payday loan amounts to a maximum of $300 total, which usually means $255 to the borrower.
State-Specific Information — California
Maximum Loan Amount: $300 (Maximum payout of $255)
Rate Cap: 460%
Regulations: Max fee 15% of check amount;;No rollovers allowed;;Criminal prosecution prohibited for non-payment;;One loan at a time per lender
Licensing: Loans are subject to the California Deferred Deposit Transaction Law and regulated by the Department of Financial Protection and Innovation.