Our Cash Advance rates range from 1.5% to 3.0% per month on the average outstanding balance of your loan. In order to compare to other Cash Advance providers, we have provided this explanation; If you borrow $100,000 from us and pay it off over the course of one year you would pay between $9,000 and $18,000 total for the loan over the year. Because your loan balance is going down every month, the amount of interest you pay also goes down with us. Other Cash Advance providers charge an upfront fee of $30,000; $40,000 or even $50,000. You owe them that fee from Day 1, while with Primary Funding you can pay down the loan to reduce interest or pay it off completely with no downside.
Posted in: CASH ADVANCE ASSIGNMENT LOAN
