Office Address
2525 Kyle Canyon Rd, Mt Charleston, NV 89124, United States
Phone Number
(323) 238-0696
Email Address
info@scratchloans.com
2525 Kyle Canyon Rd, Mt Charleston, NV 89124, United States
(323) 238-0696
info@scratchloans.com
Welcome to Scratch Loans—your trusted partner in financial solutions. We are committed to helping individuals and businesses achieve their goals with ease through tailored loan options. Our team of financial experts is available around the clock to guide you through the loan application process, ensuring terms that suit your needs.
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5.8% APR Representative based on a loan of $10,000 repayable over 60 months at an interest rate of 5.8% per annum. Monthly repayment of $191.71. Total amount payable $11,502.60. Loan products general have a 61-day minimum repayment term and a 60-month maximum repayment term. Before accepting a loan from a lender within our network, please read the loan agreement carefully as the APR and repayment terms may differ from what is listed on this site.
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Make sure you understand the total cost of a loan before making a decision. Multiply the payment amount by the number of payments in your term.
For example, suppose you want to get a personal loan for $2,000. The interest rate is 19.99% on a monthly payment plan. The example below shows the total cost of a loan with different terms.
| Option | Monthly Payment | Loan Term (Months) | Total Loan Cost |
|---|---|---|---|
| 1 | $185 | 12 | $2,220 |
| 2 | $75 | 36 | $2,700 |
| 3 | $53 | 60 | $3,180 |
This example shows that the longer you take to pay off your loan, the more expensive it’ll be.
The interest rate on a personal loan impacts the overall cost of the loan. By law, lenders may not charge more than 35% interest annually. This includes all fees, costs and interest that you’ll pay to get the loan.
For example Suppose you want to get a personal loan of $2,000 for 36 months. The example below shows the total cost of the loan with different interest rates.
| Option | Interest Rate | Monthly Payment | Total Loan Cost |
|---|---|---|---|
| 1 | 8.99% | $64 | $2,304 |
| 2 | 19.99% | $75 | $2,700 |
| 3 | 34.99% | $92 | $3,312 |
This example shows that a higher interest rate may significantly increase the total cost of your personal loan.
The interest rate a lender offers you may vary depending on:
