Verge Credit powered by Stride Bank

Rates & Terms

Loan Amount:$500 - $5,000
Repayment term:6 - 60 months
APR Range:37% - 179%

Cost of Borrowing Example

The following is a representative example of Finance Charges on a $2,000 loan with a 94% interest rate. This example is based on the assumption the loan will be repaid as scheduled.

Origination Date:01/01/2020
Loan Amount:
The amount of credit provided to you on your behalf.
$2,000
Term:24 Months
Amount Due for Monthly Payments 1-23:
First payment due 02/01/2020.
$187.35
Amount Due for Final Monthly Payment:
Final payment due 01/01/2022.
$187.41
Finance Charge:
The dollar amount the credit will cost you.
$2,496.46
Total Amount Due:
The amount you will have paid after making all payments as scheduled.
$4,496.46
APR*:
The amount you will have paid after making all payments as scheduled.
94.02%

*Annual Percentage Rate is based on example loan terms of 24 payments due over 24 months. Example loan date is 01/01/2020 with a first payment due date of 02/01/2020.

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