Rates & Terms
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Governing Law
The loan agreement will be governed by the laws of the state of Louisiana. For contact information for the Louisiana Office of Financial Institutions you may contact customer service at 1.888.856.1812 M-F 9am to 6pm MST.
Loan Amounts
- The minimum loan amount for Louisiana residents is $100.00
- The maximum loan amount for Louisiana residents is $200.00
- Loans will be issued in $50 increments.
Loan Terms
- Your loan will be due on your next payday that falls between 8 and 35 days away
- If you are paid monthly, your loan will be due on your next payday that falls between 8 and 30 days away - If your payday falls outside of this range, your loan will be due in 14 days.
- If you do not have direct deposit, MyMoneyPartner.com will allow a one day grace period to deposit your check
Extensions
You may extend your loan up to 4 times. In addition, Louisiana state law requires residents to pay a minimum of 25% of the loan principal at the time of making the extension. Extensions, partial payments, and early payoff requests must be received at least 2 business days prior to your due date. You can request these updates to your loan by logging into your member account.
Fee Schedule and Charges
MyMoneyPartner.com charges $20 per $100 borrowed. MyMoneyPartner.com charges a daily rate therefore, APR will always be 521.43% regardless of the number of days outstanding.
| Term |
APR |
Finance charge |
| (days) |
|
$100.00 |
$150.00 |
$200.00 |
| 8 |
521.43% |
$11.44 |
$17.12 |
$22.88 |
| 9 |
521.43% |
$12.87 |
$19.26 |
$25.74 |
| 10 |
521.43% |
$14.30 |
$21.40 |
$28.60 |
| 11 |
521.43% |
$15.73 |
$23.54 |
$31.46 |
| 12 |
521.43% |
$17.16 |
$25.68 |
$34.32 |
| 13 |
521.43% |
$18.59 |
$27.82 |
$37.18 |
| 14 |
521.43% |
$20.00 |
$30.00 |
$40.00 |
| 15 |
521.43% |
$21.45 |
$32.10 |
$42.90 |
| 16 |
521.43% |
$22.88 |
$34.24 |
$45.76 |
| 17 |
521.43% |
$24.31 |
$36.38 |
$48.62 |
| 18 |
521.43% |
$25.75 |
$38.52 |
$51.48 |
| 19 |
521.43% |
$27.17 |
$40.66 |
$54.34 |
| 20 |
521.43% |
$28.60 |
$42.80 |
$57.20 |
| 21 |
521.43% |
$30.03 |
$44.94 |
$60.06 |
| 22 |
521.43% |
$31.46 |
$47.08 |
$62.92 |
| 23 |
521.43% |
$32.89 |
$49.22 |
$65.78 |
| 24 |
521.43% |
$34.32 |
$51.36 |
$68.64 |
| 25 |
521.43% |
$35.75 |
$53.50 |
$71.50 |
| 26 |
521.43% |
$37.18 |
$55.64 |
$74.36 |
| 27 |
521.43% |
$38.61 |
$57.78 |
$77.22 |
| 28 |
521.43% |
$40.04 |
$59.92 |
$80.08 |
| 29 |
521.43% |
$41.47 |
$62.06 |
$82.94 |
| 30 |
521.43% |
$42.90 |
$64.20 |
$85.80 |
Complaints
For complaints, please contact us at 888.856.1812.
Louisiana residents may contact the Louisiana Office of Financial Institutions at 888.525.9414.
Residents of other states may contact the regulatory agencies of the states in which they reside.
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