Loan Gorillas - Payday Loans - Borrow Money
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If you like it, you sign a loan agreement. If you don’t, you have the right to refuse.
The money is transferred straight to your bank account.
You can start using these funds the moment you get them!
How It Works
Everything is simple, from the very beginning up to the final straight.
Funds are easier to get than you think. Still don’t believe us? Try our service out!
Annual Percentage Rate (APR)
Annual Percentage Rate (APR) represents the annualized interest rate that you are charged for borrowing. It is the combination of the nominal interest rate and some additional costs such as fees involved in obtaining a loan. Our lenders offer APRs for personal loans from 4.99% to 450%, APRs for cash advance loans from 200% to 1386%, and APRs for installment loans from 6.63% to 225%. Since loangorillas.com is not involved in the lending process, we can not deliver any specifics about the APR you will be offered. The APR depends solely on your lender’s decision, based on various factors including your credit score, credit history, income, and some other information you supply in your request. For more information regarding the APR contact your lender.
Representative Example of APR
If you borrow $2,500 over a term of 1 year with an APR of 10% and a fee of 3%, you will pay $219,79 each month. The total amount payable will be of $2,637, with total interest of $137,48.
Financial Implications (Interest & Finance Charges)
Our service is free of charge, and you are under no obligation to use it. But it doesn’t mean that loans you are requesting are free. Their terms, fees, interest rates and other details are specified in your loan agreement. Please, read it carefully.
Implications of Non-Payment
Late Payment and Non-Payment penalties vary. Charges for non-payment and late payments are usually specified in loan agreements. If you feel you won’t be able to repay the loan on time, contact your lender. A missed or late payment may have a negative impact on your credit score.
Potential Impact to Credit Score
When you submit a request, your credit report with three major credit bureaus (Transunion, Experian and Equifax) may be reviewed to ascertain your eligibility. These credit checks may affect your credit score.
Collection practices are methods used to collect a debt from you if you don’t pay it on time. The collection practices are specified in your loan agreement. Note that loangorillas.com itself isn’t involved in debt collection.
Loan Renewal Policies
A loan renewal allows you to delay loan repayment by paying a fee. The possibility of loan renewal is specified in your loan agreement.
loangorillas.com streamlines the loan process from start to finish, though we do not lend you money ourselves. This also means we do not make any decisions on your request, we cannot influence upon the lender’s decision, and we are not privy to information regarding your fees, rates, APR, non-payment rules, and renewal policy.
APR Rates Range From 5.99% to 35.99% Maximum APR for qualified consumers. Repayment terms from 3 months to 36 months. This number will be set by your lender and you will be notified of the final number before accepting the loan terms. We are not a lender and does not have the ability to disclose exact APR.
If you borrowed $5000.00 over a 4 years period and the loan had a 8.00% arrangement fee ($400), your monthly repayments would be $131.67, with a total payback amount of $6320.12 which including the 8.00% fee paid from the loan amount, would have a total cost of $1720.12. Representative 18.23% APR.
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