Annual Interest Rate
The annual interest on all of TerePay’s loans is 49%. Our loans are all for terms (lengths) of 8 weeks. So, if you make payments on time, the total interest you will pay over that 8 weeks is 4.7% of the loan amount.
The annual interest on all of TerePay’s loans is 49%. Our loans are all for terms (lengths) of 8 weeks. So, if you make payments on time, the total interest you will pay over that 8 weeks is 4.7% of the loan amount.