Rates & fees
Everything that costs you money on Perks Loans — and what doesn't.
The service is free
Perks Loans doesn't charge users for matching, applications, or use of the app. There are no premium tiers, no setup fees, and no convenience charges.
Perks Loans is free for consumers. We generate revenue from the sale and distribution of consumer lead information to third-party lenders, financial institutions, marketing partners, and partner buyers (including data aggregators), for example through per-lead fees, referral compensation, revenue share, and related performance-based arrangements.
Compensation structure can influence which partners receive data, in what order they receive it, and how offers appear in-app. For detailed disclosures about sale and sharing, see our Privacy Policy and Terms of Use.
Loan parameters
The ranges Perks Loans covers across our lender network.
Actual terms depend on the lender and your individual eligibility.
A representative APR example
Required by the Truth in Lending Act. This is an illustration, not a quote.
Your APR and monthly payment may differ based on your credit profile, the lender you're matched with, and the specific loan offered.
What lenders may charge
Fees set by the lender, not by Perks Loans.
Origination fee
A one-time fee deducted from the loan proceeds at funding. Typically 1% to 8% of the loan amount, depending on the lender.
Late payment fee
A fee charged by the lender if a scheduled payment is missed. The amount is specified in your loan agreement.
Returned payment fee
A fee if a scheduled payment is returned for insufficient funds.
Prepayment penalty
Most lenders in our network do not charge prepayment penalties, but some do. If a prepayment penalty applies, it will be disclosed in your loan agreement before you sign.
All fees a lender intends to charge must be disclosed in the loan agreement before you sign. If a fee isn't disclosed, it doesn't apply.
Where to find specific terms
When you're matched with a lender through Perks Loans, you'll see indicative terms in the app before being redirected to the lender's application. The final loan agreement — with the exact APR, fees, and repayment schedule — is provided by the lender directly. Review it in full before accepting.
If you need clarification on any term in a loan agreement, contact the lender directly. Perks Loans cannot interpret a lender's contract on their behalf. The lender's contact information is included in your loan agreement.