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The first time a borrower contacts Plain Green, they may be able to borrow up to $1,000. After they have borrowed and repaid a few loans successfully, their privileges are increased. Responsible borrowers may be able to borrow up to $3,000 after they have established a relationship with Plain Green. A $3,000 loan is the most advantageous type of loan. It has an APR of only 59.84%, and borrowers can repay it in 38 bi-weekly installments of $119.29 each. Are you experiencing money problems? Âˇ Kathleen D. â paid off her last student loan
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In the traditional model of payday loans – the lender expects that the borrower will repay their loan (plus interest) in full on their next payday. Payment is possible through numerous methods – the borrowers account may be debited, they can provide the lender with a postdated cheque, or they can pay in cash. If they are unable to pay and the funds are not in their bank account, this will result in bounced fee – which can sometimes be negotiated. Take Control of Your Finances Of course you have no obligation to actually take the loan we find for you if you don't want to. It is totally up to you to decide if the terms of the loan are what you want and are looking for.