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Payday Loans Rates and Terms
The loan agreement is governed by the applicable laws of the state of Colorado.
Maximum Loan Amount
Colorado residents may receive up to 25% of net monthly income. The maximum Payday Loan amount at Speedy Cash® is $500.
Loan Terms
Generally, your loan will be due on your next payday.
Extensions/Rollovers/Refinance
In accordance with Colorado law, you may extend or rollover your loan. Colorado law requires you to repay the loan in full after one (1) extension. You are eligible to re-loan at any time once the loan is paid in full.
Rate and Term Chart
| ADVANCE AMOUNT (Amount Financed) | FINANCE CHARGE (Cost of Loan) | CHECK AMOUNT (Total of Payments) | APR ** | |
|---|---|---|---|---|
| LOAN TERM (14 days) | LOAN TERM (30 days) | |||
| $100.00 | $20.00 | $120.00 | 521.43% | 243.33% |
| $200.00 | $40.00 | $240.00 | 521.43% | 243.33% |
| $300.00 | $60.00 | $360.00 | 521.43% | 243.33% |
| $400.00 | $67.50 | $467.50 | 439.96% | 205.31% |
| $500.00 | $75.00 | $575.00 | 391.07% | 182.50% |
** ANNUAL PERCENTAGE RATE: The APR is the cost of your loan expressed as a yearly rate. The above APRs are based on example loan terms of one payment ("Check Amount") due in 14 or 30 days. The APR will increase if the actual loan term is shorter than these examples, and will decrease if your loan term is longer.
