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APR & Rates

Understand how rates work and review representative examples before you decide.

How APR works

Annual Percentage Rate (APR) reflects the yearly cost of a loan, including interest and any applicable fees. It gives you a single number to compare offers. Because LendWave is not a lender, we cannot guarantee any specific APR — your actual rate depends on the lender you're matched with, your credit profile, your state, and the amount and term you choose.

Representative range

APRs in our network generally range from 5.99% to 35.99% for qualified borrowers. Loan terms typically run from 91 days up to 72 months. Always read your loan agreement carefully, as the final APR and repayment terms may differ from the examples shown here.

Sample costs

Example loan scenarios

$1,134.72

Total repaid on $1,000

$1,000

Borrowed Amount

12 months

Repayment Term

29.82%

Sample APR

$94.56

Monthly Payment

$2,269.44

Total repaid on $2,000

$2,000

Borrowed Amount

12 months

Repayment Term

24%

Sample APR

$189.12

Monthly Payment

$3,389.28

Total repaid on $3,000

$3,000

Borrowed Amount

24 months

Repayment Term

12%

Sample APR

$141.22

Monthly Payment

*Figures are illustrative only. Actual rates and terms vary by lender and borrower.

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