Cost of Credit

With a Line of Credit from a Bank Lending Partner through CreditFresh, you can expect a fully transparent process.

Payment Breakdown

So long as you have an Outstanding Balance, you’ll have to make Minimum Payments. Each Minimum Payment consists of:

Mandatory
Principal
Contribution

 + 

Billing
Cycle
Charge

 = 

Minimum
Payment

Mandatory Principal Contribution

Each Minimum Payment includes a contribution towards your principal balance to ensure you are always paying down your Line of Credit. The Mandatory Principal Contribution will vary depending on your income frequency. Refer to your Line of Credit Agreement, or any amendments, for more details.

Billing Cycle Charges

Your Line of Credit Agreement, or any amendments, will indicate the specific Billing Cycle Charges applicable to your Line of Credit. As you move through your credit journey, you may also be eligible for reduced Billing Cycle Charges and/or increased credit limits based on your payment history over time5. Please refer to the Billing Cycle Charge Tables below – the Billing Cycle Charges you are eligible for may vary based on your qualifications*.

If the "Average Daily Principal Balance" appearing on your periodic statement is: If you are paid weekly, bi-weekly or semi-monthly, your Billing Cycle Charge will be: If you are paid monthly, your Billing Cycle Charge will be:
$0.01 - $9.99 $5.00 $10.00
$10.00 - $249.99 $15.00 $30.00
$250.00 - $499.99 $30.00 $60.00
$500.00 - $749.99 $38.00 $76.00
$750.00 - $999.99 $55.00 $110.00
$1,000.00 - $1,249.99 $70.00 $140.00
$1,250.00 - $1,499.99 $85.00 $170.00
$1,500.00 - $1,749.99 $95.00 $190.00
$1,750.00 - $1,999.99 $105.00 $210.00
$2,000.00 - $2,249.99 $115.00 $230.00
$2,250.00 - $2,499.99 $120.00 $240.00
$2,500.00 - $2,749.99 $135.00 $270.00
$2,750.00 - $2,999.99 $145.00 $290.00
$3,000.00 - $3,249.99 $160.00 $320.00
$3,250.00 - $3,500.00 $175.00 $350.00
If the "Average Daily Principal Balance" appearing on your periodic statement is: If you are paid weekly, bi-weekly or semi-monthly, your Billing Cycle Charge will be: If you are paid monthly, your Billing Cycle Charge will be:
$0.01 - $9.99 $5.00 $10.00
$10.00 - $249.99 $10.00 $20.00
$250.00 - $499.99 $25.00 $50.00
$500.00 - $749.99 $35.00 $70.00
$750.00 - $999.99 $50.00 $100.00
$1,000.00 - $1,249.99 $60.00 $120.00
$1,250.00 - $1,499.99 $75.00 $150.00
$1,500.00 - $1,749.99 $85.00 $170.00
$1,750.00 - $1,999.99 $90.00 $180.00
$2,000.00 - $2,249.99 $100.00 $200.00
$2,250.00 - $2,499.99 $105.00 $210.00
$2,500.00 - $2,749.99 $115.00 $230.00
$2,750.00 - $2,999.99 $120.00 $240.00
$3,000.00 - $3,249.99 $135.00 $270.00
$3,250.00 - $3,499.99 $150.00 $300.00
$3,500.00 - $3,749.99 $155.00 $310.00
$3,750.00 - $3,999.99 $165.00 $330.00
$4,000.00 - $4,249.99 $175.00 $350.00
$4,250.00 - $4,499.99 $190.00 $380.00
$4,500.00 - $4,749.99 $200.00 $400.00
$4,750.00 - $5,000.00 $205.00 $410.00
If the "Average Daily Principal Balance" appearing on your periodic statement is: If you are paid weekly, bi-weekly or semi-monthly, your Billing Cycle Charge will be: If you are paid monthly, your Billing Cycle Charge will be:
$0.01 - $9.99 $5.00 $10.00
$10.00 - $249.99 $10.00 $20.00
$250.00 - $499.99 $15.00 $30.00
$500.00 - $749.99 $20.00 $40.00
$750.00 - $999.99 $30.00 $60.00
$1,000.00 - $1,249.99 $45.00 $90.00
$1,250.00 - $1,499.99 $50.00 $100.00
$1,500.00 - $1,749.99 $60.00 $120.00
$1,750.00 - $1,999.99 $75.00 $150.00
$2,000.00 - $2,249.99 $80.00 $160.00
$2,250.00 - $2,499.99 $95.00 $190.00
$2,500.00 - $2,749.99 $100.00 $200.00
$2,750.00 - $2,999.99 $105.00 $210.00
$3,000.00 - $3,249.99 $115.00 $230.00
$3,250.00 - $3,499.99 $125.00 $250.00
$3,500.00 - $3,749.99 $130.00 $260.00
$3,750.00 - $3,999.99 $140.00 $280.00
$4,000.00 - $4,249.99 $145.00 $290.00
$4,250.00 - $4,499.99 $155.00 $310.00
$4,500.00 - $4,749.99 $160.00 $320.00
$4,750.00 - $5,000.00 $165.00 $330.00

*You will receive a notice explaining how your credit score may impact the cost of your Line of Credit. If you are an existing customer, please refer to your Line of Credit Agreement, or any amendments, for more information.

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