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Rates & Fees for Your Personal Loan


There are no hidden fees. You can apply for a loan free of charge and you will not incur any costs unless your loan is issued.

All rates and fees are listed below:


  • Interest Rates
  • Fees
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Interest Rates


Loan requests are given a Peerform Grade ranging from AAA to DDD, with each grade corresponding to an APR shown in the table below.1


  • Peerform GradeInterest RateOrigination FeeAPR*
    AAA 5.32 % 1.00 % 5.99 %
    AA+ 7.49 % 2.00 % 8.86 %
    AA 8.99 % 3.00 % 11.08 %
    A+ 10.49 % 5.00 % 14.06 %
    A 11.99 % 5.00 % 15.59 %
  • Peerform GradeInterest RateOrigination FeeAPR*
    BBB 13.49 % 5.00 % 17.13 %
    BB+ 14.99 % 5.00 % 18.66 %
    BB 16.49 % 5.00 % 20.19 %
    B+ 18.49 % 5.00 % 22.24 %
    B 19.99 % 5.00 % 23.77 %
  • Peerform GradeInterest RateOrigination FeeAPR*
    CCC 21.49 % 5.00 % 25.31 %
    CC+ 22.99 % 5.00 % 26.84 %
    CC 23.99 % 5.00 % 27.87 %
    C+ 24.99 % 5.00 % 28.89 %
    C 25.49 % 5.00 % 29.40 %
  • Peerform GradeInterest RateOrigination FeeAPR*
    DDD 26.06 % 5.00 % 29.99 %

1New York residents are ineligible for loans with corresponding annual percentage rates exceeding 15.99%.

* 36-month Annual Percentage Rate



Origination Fee


The Origination Fee is paid by a borrower when a loan is issued and is determined by the Peerform Grade of the loan. The Origination Fee is included in the Annual Percentage Rate calculation and is subtracted from the loan proceeds prior to disbursement.

For example, the final amount credited to the borrower's bank account for a $5,000 loan with a 2.0% Origination Fee of $100.00 will be $4,900.00. Remember, there are no application fees, and the Origination Fee is charged only if the loan is issued.



Unsuccessful Payment Fee


An Unsuccessful Payment Fee is paid by a borrower if an automatic deduction from a borrower’s bank account is rejected. A bank might reject the payment if there are insufficient funds in the borrower's bank account or if the bank account has been closed or suspended. Each attempt to collect the monthly payment is considered a separate transaction, so an Unsuccessful Payment Fee may be assessed for each failed attempt.

The Unsuccessful Payment Fee is either $15 per unsuccessful attempt or a lesser amount as determined by applicable state laws.



Late Fee


A Late Payment Fee is a fee paid by a borrower when a monthly payment is 15 or more days late. The fee assessed will be equal to 5.0% of the amount of the unpaid monthly installment, or $15.00, whichever is greater.

We will charge only one (1) Late Payment Fee on each late payment.



Check Processing Fee


A Check Processing Fee is a fee paid by a borrower if the borrower chooses to make monthly payments via check rather than by direct debits through a bank account. The Check Processing Fee is $15 per each payment.

Remember, there is no additional charge for a borrower to make payments via direct debit from a bank account (ACH).