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FairLoan installment loans offer a simple, transparent structure, without the confusing terms and hidden fees of other borrowing products. FairLoans have an APR between 19% and 53% – much more affordable than alternatives. Borrowers can select between $500 and $5,000 and can repay over 4 to 36 months.
FairLoan can offer lower interest rates because with the employee's permission, FairLoan verifies employment and income while payments are made directly from the borrower's paycheck.