Why get an Online Loan in New Jersey?
We get it. Sometimes, emergency expenses like dental come up and you need to get cash
immediately. Howbeit, you don't have the income or credit to put it on your credit card.
Thankfully, getting an online loan in New Jersey is quick and easy. It doesn't matter if you live
in Newark, Jersey City, Paterson, or Elizabeth, you can you loan deposited the same business day or if applying after 11am, the next business day.
How Much do Online Installment Loans in New Jersey Cost?
The maximum annual percentage rate allowed by law in New Jersey is 36% APR.
Finance Charges
Often, the APR includes the interest rate plus fees. In New Jersey, lenders may charge a maximum
of 36% APR.
Representative Example
For example, Elizbeth has an unexpected dental expense and needs cash
immediately. They can borrow up to $40,000 for up to 5 years
at 36% APR. The high APR can make this example loan extremely expensive; Elizbeth will pay back a total of $16,800 including a total of $10,800 in interest and fees!
What You Need
Before you can get an online loan in New Jersey, this is what you will need:
- You must be at least 18 years old
- Valid New Jersey driver license or government issued ID
- Checking or savings account
- Most recent pay stub
Terms for Online Installment Loans in New Jersey
Maximum loan terms in New Jersey:
- Maximum loan amont: $40,000
- Maximum rate, including fees: 36%
- Maximum loan length: $40,000
