Transparent and Fair Lending

At Little Lake Lending, we believe in transparency and fairness. We provide clear information about our rates and fees so you can make informed decisions about your borrowing needs.

Interest Rates

Annual Percentage Rate (APR): Our APR ranges from 720% to 795%, depending on your loan amount and repayment schedule. The exact rate will be disclosed in your Loan Agreement.

Fees

Origination Fee: We charge an origination fee, which is a percentage of the loan amount. This fee will be deducted from your loan proceeds and will be clearly stated in your Loan Agreement.

Late Payment Fee: If a payment is not made by the due date, a late payment fee may be assessed. The amount of this fee will be specified in your Loan Agreement.

Insufficient Funds Fee: If a payment is returned due to insufficient funds, a fee will be charged. This fee will also be detailed in your Loan Agreement.

No Prepayment Penalties

We encourage you to pay off your loan early if possible. There are no penalties for early repayment, and doing so can help you save on interest.

Example Loan

For example, if you borrow $1,000 with an APR of 750% and a repayment term of 12 months, your monthly payment would be approximately $150. The total repayment amount would be around $1,800, including interest and fees.

Important Considerations

High-Cost Loans: Our loans are designed for short-term financial needs and may not be the best option for long-term borrowing. Due to the high APR, these loans can be expensive if not repaid quickly.

Responsible Borrowing: We encourage responsible borrowing. Please ensure you understand the terms and conditions of your loan agreement and borrow only what you can afford to repay.

Contact Us

If you have any questions about our rates and fees, please contact our customer support team at (844) 546-4391 or email us at support@littlelakelending.co. We're here to help!