Fee Schedule


BM&T Loans - Fee Schedule

Loan Amounts

Currently from $100 up to $500.

APR

Up to 658%

Loan Length

14 days, up to 70 days.

10 Week Rollover Limit

Loans can be rollover for a maximum of 10 weeks (70 days). Please be mindful of this limitation when making your decison to apply or not for a loan with us.

Fees

We may charge two types of fees: Late Payment Fee and Returned Payment Fee. Our current Fees are the following:
Verification Fee: $0
Loan Application Fee: $0
Deposit or Debit Transaction Fee: $0
Loan Renewal Fee: $0
Late Payment Fee: $10.00 or 5% of the unpaid amount of the installment, whichever is less.
Returned Payment Fee: $25 for amounts up to $500, $30 for amounts up to $1000, and $40 for amounts exceeding $1000.

Fee Schedule

Term in Days Annual
Percentage
Rate
FINANCE CHARGE
Loan Amount
$100 $200 $300 $400 $500
14 days 658% $25.23 $50.46 $75.69 $100.92 $126.15
28 days 658% $50.46 100.92 $151.38 $201.84 $252.30
42 days 658% $75.69 151.38 $227.07 $302.76 $378.45
56 days 658% $100.92 201.84 $302.76 $403.68 $504.60
70 days 658% $126.15 252.30 $378.45 $504.60 $630.75

Total Loan Cost to the Customer

The Total Loan Cost to the customer will be the Finance Charge as detailed in the Fee Schedule table above, plus any other applicable fees as detailed in the Fees section above.

Contacting us

If you have any questions about this Availability and Rates document, the practices of this Site, or your dealings with this Site, please contact us at:

BM&T Loans
https://www.bmtloans.com/contact-us
801-207-9039 | [email protected]

This document was last updated on November 21, 2021