Typical rate ranges across our network
APR (annual percentage rate) reflects the total yearly cost of borrowing, including interest and most fees. Across VelhoCapital's lender network, APRs typically fall between 5.99% and 35.99%, with loan terms from 3 to 84 months. The exact rate you're offered depends on your credit profile, income, loan amount, and the specific lender.
| Credit tier | Typical APR range | Typical loan amount |
|---|---|---|
| Excellent (720+) | 5.99% – 12.99% | $2,000 – $50,000 |
| Good (680–719) | 9.99% – 18.99% | $1,000 – $35,000 |
| Fair (620–679) | 15.99% – 25.99% | $500 – $15,000 |
| Poor / bad credit (below 620) | 21.99% – 35.99% | $100 – $10,000 |
Ranges are illustrative examples based on typical network activity, not a quote or guarantee. Actual offers depend on the individual lender's underwriting criteria.
Example monthly payments
| Loan amount | APR | Term | Est. monthly payment |
|---|---|---|---|
| $1,000 | 24% | 12 months | ~$94/mo |
| $5,000 | 19.9% | 36 months | ~$186/mo |
| $10,000 | 15% | 36 months | ~$347/mo |
Want a number for your own situation? Use our loan payment calculator to estimate a monthly payment for any amount, rate, and term.
What affects the rate you're offered
- Credit score and history: The single biggest factor. Higher scores generally unlock lower APRs.
- Income and debt-to-income ratio: Lenders want to see that your income comfortably covers the new payment plus existing debt.
- Loan amount and term: Larger amounts and shorter terms can sometimes qualify for better rates; longer terms lower the monthly payment but increase total interest paid.
- Loan type: Short-term or payday-style loans typically carry higher APRs than traditional installment loans.
- State of residence: Some states cap maximum APRs or loan amounts by law, which affects which lenders and offers are available to you.
💡 A lower APR isn't always the cheapest option if it comes with a much longer term. Compare total repayment amount, not just the monthly payment or the headline rate.
Fees to watch for
Beyond APR, some lenders charge an origination fee (often 1%–8% of the loan amount, deducted before you receive funds), late payment fees, or — less commonly — a prepayment penalty. Reputable lenders disclose all fees in writing before you sign. Always read your loan agreement in full before accepting an offer.