Rates & Fees Information

Effective Date: January 5, 2026

1) Understanding Loan Costs

When considering any loan or cash advance, it's important to understand all potential costs. This document provides general information about rates and fees you may encounter when using loan matching services through Instant Cash Advance - Abax.

Important: All final rates, fees, and terms are determined by the lenders, not by Instant Cash Advance - Abax. You will receive complete disclosure of all costs before accepting any loan offer.

2) Annual Percentage Rate (APR)

The Annual Percentage Rate (APR) represents the yearly cost of borrowing, expressed as a percentage. It includes both interest and certain eligible fees.

2.1 Representative APR Range

APRs for loans accessed through our platform typically range from 5.99% to 35.99%, depending on various factors including:

• Your credit profile and history
• The loan amount requested
• The repayment term selected
• State regulations and limits
• The lender's specific underwriting criteria

2.2 How APR is Determined

Lenders consider multiple factors when determining your APR:

• Credit Score: Higher scores typically qualify for lower rates
• Income: Stable, verifiable income may lead to better rates
• Debt-to-Income Ratio: Lower ratios are generally preferred
• Loan Purpose: Some loan types have different rate structures
• State Laws: Maximum APRs vary by state

3) Potential Fees

Depending on the lender and loan product, you may encounter various fees. These are always disclosed before you accept any offer.

3.1 Common Fee Types

• Origination Fees: One-time fees for processing the loan (typically 1-8% of loan amount)
• Late Payment Fees: Charged if payment is not received by the due date
• Returned Payment Fees: Applied if a payment is returned due to insufficient funds
• Prepayment Fees: Some lenders charge fees for early repayment (though many do not)
• Processing Fees: Administrative costs for loan servicing

3.2 Fee Limits by State

Many states regulate the maximum fees lenders can charge. Common limits include:

• Maximum origination fee percentages
• Caps on late payment fees
• Limits on total fees as a percentage of loan amount
• Restrictions on fee stacking or compounding

4) Total Cost of Borrowing

When evaluating loan offers, consider the total cost of borrowing, which includes:

• All interest charges over the loan term
• Any applicable fees
• Other costs specified in the loan agreement

4.1 Cost Calculation Example

For illustrative purposes only:

• Loan Amount: $1,000
• APR: 24.99%
• Term: 12 months
• Origination Fee: 5% ($50)
• Estimated Total Cost: Approximately $1,300 (including principal, interest, and fees)
• Estimated Monthly Payment: Approximately $108

Note: This is an example only. Your actual costs will vary.

5) State-Specific Regulations

Loan terms and maximum costs vary significantly by state. Some states have:

• Interest rate caps (usury laws)
• Maximum loan amount limits
• Required cooling-off periods between loans
• Mandatory repayment plans for struggling borrowers
• Database tracking of all loans

6) No Hidden Costs

We require all lenders in our network to:

• Disclose all costs upfront
• Provide clear, standardized disclosures
• Explain terms in plain language
• Offer a period to review terms before acceptance
• Comply with all truth-in-lending laws

7) Comparing Loan Offers

When comparing loan offers, consider:

• APR: Lower is generally better
• Total Repayment Amount: What you'll pay back in total
• Monthly Payment: Can you afford it consistently?
• Term Length: Shorter terms usually mean less total interest
• Fees: Both upfront and potential late fees

8) Impact of Loan Term on Cost

Generally:

• Shorter terms mean higher monthly payments but lower total interest
• Longer terms mean lower monthly payments but higher total interest
• Consider both affordability and total cost when choosing a term

9) Your Rights and Protections

You have important rights regarding loan costs:

• Right to receive all cost information before accepting
• Right to clear disclosures in understandable language
• Right to cancel within a specified period (where applicable)
• Right to file complaints if you believe costs are unfair or improperly disclosed

10) Using Our Calculator Tool

Our loan calculator can help you:

• Estimate monthly payments
• Compare different loan scenarios
• Understand how term length affects costs
• Plan your budget around loan payments

Note: Calculator results are estimates only. Actual terms may vary.

11) Questions About Specific Offers

If you have questions about rates or fees on a specific loan offer:

• Review the lender's disclosures carefully
• Ask the lender directly before accepting
• Contact us if you believe disclosures are unclear or incomplete
• Consider consulting with a financial advisor

12) Contact Information

For questions about this Rates & Fees information:

Instant Cash Advance - Abax Support: support@abaxfinance.com

For questions about specific loan terms: Contact the lender directly using the information provided in your offer.