Interest Rate On Loans

Interest Rate on Loans

Your interest rate is the percentage of the loan principal a lender charges a borrower for the loan. Finance charges are a broader measure of the cost of borrowing that includes both interest and any applicable fees. Annual percentage rate, or APR, expresses the finance charges of a loan as a yearly rate. Finance charges are based on a borrower’s creditworthiness. A borrower’s creditworthiness is determined by several factors, including credit and payment history, income, employment, existing debt, and types of debt. You can reduce the total cost of your loan by paying your loan off early, before your last due date on your payment schedule, or by making additional payments on or between your payment due dates.

A copy of your loan details, finance charges, and APR will be fully disclosed to you in your loan agreement once you are approved for a loan. Contact our team today to see if you qualify for a loan with us.

Our Company adheres to all federal laws and regulations. Our company does not discriminate against credit applicants on the basis of race, color, religion, national origin, sex, marital status, age or because all or part of an applicant’s income derives from any public assistance program or because an applicant has in good faith exercised any right under the Consumer Credit Protection Act.

Please note: This is an expensive form of borrowing, and it is not intended to be a long-term financial solution. These loans are designed to assist you in meeting your short-term financial needs and are not intended to be a long-term financial solution.

*All loans are subject to credit approval.

Late Fee: If you make a payment more than 5 days late, you will be charged $20.00 and your amount due will continue to accrue additional interest charges until paid in full.

NSF Fee: If a payment is returned, you will be assessed a $30.00 NSF fee.

Prepayment: If you pay off your loan early, there is no penalty to do so. You will only pay the interest accrued on your loan up until your pay off date. Tolovana Financial d/b/a Birch Lending encourages repayment as quickly as possible to save on finance fees.

For more details about this service and other terms of your loan, please refer to our Terms and Conditions.

We do not always lend in every state. Our states of operation change frequently, please check back periodically to see if we are doing business in your state. Birch Lending loans are currently available to residents of all states except Alaska, Arkansas, Connecticut, District of Columbia, Georgia, Illinois, Maryland, Minnesota, New Jersey, New York, Pennsylvania, Vermont, Virginia, West Virginia.

If you have any questions about Birch Lending, please contact us or check out our FAQ for further information. Our hours of operation are Monday through Friday 7AM to 7PM and Saturday 8AM to 4:30PM Central Time (Monday through Friday 4AM to 4PM and Saturday 5AM to 1:30PM Alaska Standard Time.). However, you can always email us at

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