Loan Rates

• Borrower Fee: A fixed fee of 10% on the loan amount.
• Lender Service Fee: A fee ranging from 1.5% to 5.5% depending on the loan amount.
• Loan Rate Range: 1% - 35.99% APR.
• Loan Amounts: Loans are available in increments starting from $50 to $10,000.

Representative Examples

• Loan Amount: $1,000
  Borrower Fee (10%): $100
  Amount Disbursed: $900
  Repayment Amount: $1,000
  APR: Approximately 18.25% (depends on repayment term).
• Loan Amount: $500
  Borrower Fee (10%): $50
  Amount Disbursed: $450
  Repayment Amount: $500
  APR: Approximately 22.10% (depends on repayment term).

Key Disclosures

• All loans are subject to approval based on the borrower’s Trust Score and engagement level within the Sparheel community.
• Borrower fees are deducted upfront before funds are disbursed.
• Lender service fees are charged upon the repayment of the loan.
• Failure to repay on time may result in penalties, reduced Trust Scores, and loss of access to future loans.
• State laws may affect loan terms and availability.

Contact Us

For more information or assistance, please contact our support team at support@sparheel.com.