As a new client of SimpleLoans500, you will be limited to $250 or $500 loans. Once your application has been received and approved, we will send your loan by email transfer to the same bank account your pay is deposited into. We offer payment plans to let you pay back your loan in 3, 6 or 12 installments, according to your payday schedule. Your contract will begin on your next payday following the signature of the contract.

In circumstances where a payment has been missed, a $65 missed payment fee will be applied to your balance. In case of an emergency forcing you to postpone a payment, please advise us by e-mail at least 3 business days prior to the withdrawal date, a $45 postponement fee applies. Respecting payment schedules will ensure you an excellent service for future renewals.

Here are some examples of loan repayment plans:

On a $500 loan, repaid on a weekly basis, with a 10 payment plan, each payment would come to $84.95.

On a $1000 loan, repaid on a biweekly basis, with a 14 payment plan, each payment would come to $120.95.

Repayment plans are subject to change and conditional upon clients pay frequency.