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Alabama Rates and Terms

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Installment Loan Terms

Alabama Installment Loans are available from Easymoney (a proud member of the Community Choice Financial family of companies) in amounts from $2,000.00 up to $5,000.00 based on your qualification. These loans are paid in regular payments over 24 months based on your selection of terms in either monthly, semi-monthly or biweekly payments with finance fees calculated daily. Refinances result in more finance charges paid over the life of the loan. Early loan repayment reduces overall finance fees. Late payments accrue additional finance fees and charges.

Representative Example of Installment Loan Fees:

24 month Installment Loan of $2,000.00 would require 24 payments of $310.86. APR: 180.00%*.

*APR may change based on first payment date selected.

To learn more about Installment Loans, click here to read more about how an Installment loan works..

If you have questions or concerns regarding your Easymoney loan, please feel free to contact us.

Payday Loan Terms

Our short-term payday loans put a cash deposit directly into your checking account. In general, the due date of your loan is tied to your next pay date. See HOW YOUR DUE DATE IS DETERMINED below for details. When your loan is due, we automatically access your checking account via an authorized electronic withdrawal or, if you have provided it, the debit card associated with your checking account. For alternative repayment options, please contact us.

Representative Example of Payday Loan Fees:

A 15-day payday loan of $300.00 has an APR of 425.83% and a finance charge of $52.50.

To view additional examples of payday loan fees, select a loan amount and loan duration from the drop-down menus below. Your results will be shown below once you select a loan amount and duration, and click the ‘Submit’ button.

 
day Payday Loan of has an APR of %. Finance Charge: .

To view a specific payday loan example, select loan amount and duration. Terms will be shown here when you click the 'Submit' button.

This payday loan fee calculator is only for illustrative purposes and provides an example of a typical payday loan we offer to qualified applicants. If approved, the specific rates and terms of your loan agreement will depend on your qualifications.

Loan Amounts available depending on your earnings & approval
$100 $200 $300 $400 $500
Term in Days APR Finance Charge
10 638.75% $17.50 $35 $52.50 $70 $87.50
11 580.68% $17.50 $35 $52.50 $70 $87.50
12 532.29% $17.50 $35 $52.50 $70 $87.50
13 491.35% $17.50 $35 $52.50 $70 $87.50
14 456.25% $17.50 $35 $52.50 $70 $87.50
15 425.83% $17.50 $35 $52.50 $70 $87.50
16 399.22% $17.50 $35 $52.50 $70 $87.50
17 375.74% $17.50 $35 $52.50 $70 $87.50
18 354.86% $17.50 $35 $52.50 $70 $87.50

A fee of $30 will be charged for returned payments.

NOTICE: FEES FOR DEFERRED PRESENTMENT TRANSACTIONS MAY BE SIGNIFICANTLY HIGHER THAN FOR OTHER TYPES OF LOANS.

To find out if you are eligible for a payday loan, fill out a new customer application and you'll be on the road to quick cash. If you have questions about your eligibility for a loan, learn more about how a payday loan works, or contact us. Once you have been approved, sign in on the customer page and submit your request for a payday loan.

How your due date is determined:

The term of these payday loans is 10-30 days. The system will set your loan due date to coincide with your next payday, unless your next payday is less than 4 days away. If you need a different due date, please call 1-800-460-4305 for assistance. Whenever possible, we suggest making your loan due date on your next payday.

REPAYMENT OPTIONS:

When your loan is due we will automatically withdraw the total amount due from your checking account via an authorized electronic withdrawal or, if you’ve provided it, the debit card associated with your checking account. If you need an alternative method of payment, please call 1-800-460-4305. Please remember that if you cannot repay your loan in full on its due date, you should contact us one banking day before your loan is due.

If you do not want us to withdraw the total amount due you have the option to refinance your loan until your next payday. Refinances result in more finance charges paid over the life of the loan. The cost to refinance your loan is $17.50 per $100.00 borrowed. $17.50 fee covers earned interest for the extended period. We recommend paying an additional amount toward the principal balance to reduce the amount of fees you will pay for refinancing your loan.

The refinance fee will be withdrawn from your account on your due date. You have the option to refinance your payday loan one time. We must receive your refinance request before 7:45 PM EST, one banking day before your loan is due.

ACH/EFT Authorization:

Your online agreement will be governed by the laws and regulations of the state of Alabama. If your authorized ACH debit is returned for any reason you agree to the following:

You are authorizing us to initiate electronic debits or drafts to your account in the amount up to, or less than the amount owed, until the amount owed is paid in full. Your authorization shall remain in effect until we have received written notice of its termination. We must also have had a reasonable opportunity to act on this authorization.
If you have questions or concerns regarding your Easymoney loan, please feel free to contact us.