Perpay Installments Loan
Perpay Installments Loan
in Personal Loans from Perpay Inc

Perpay Installments Loan

in Personal Loans from Perpay Inc
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Perpay Installments Loan Review

Perpay Installments Loan is offered by Perpay, a financial services company founded in 2014 and based in Philadelphia, PA. Perpay Installments Loan are available in 50 states (and Washington, DC).

Key Takeaways

  • Uses a variable APR. This is uncommon for personal loans. If interest rates rise in the future it could make the monthly payments more challenging.
  • Charges a prepayment fee. This is rare for personal loans. It means you will have to pay a fee if you pay off your Perpay Installments Loan early.
  • No late fees. Missing a payment can seriously damage your credit, but Perpay Installments Loan will not charge additional fees if you miss the due date on a payment.

perpay Pros & Cons

Pros Cons
  • Charges an origination fee.
  • Do not offer pre-approval with soft credit pull.
  • Perpay Installments Loan does not report to credit bureaus.
  • Charges prepayment fees.

perpay FAQ

What interest rates and personal loan terms does perpay offer?

perpay has lower than average interest rates for lenders reviewed on SuperMoney.

What interest rates does perpay offer?

perpay offers a variable APR personal loan product but they do not disclose their interest rates.

perpay Interest Rates & Loan Terms
Personal Loan Amount N/A
Loan Term N/A

What fees does perpay charge?

Does perpay charge an origination fee?

perpay may charge a personal loan origination fee.

Does perpay charge a late fee?

No, perpay will not charge you a late fee if you miss one of the monthly payments.

Does perpay charge prepayment fees?

No, perpay does not charge prepayment fees. This means you will not have to pay additional fees if you decide to pay the personal loan off early.

perpay Fees
Origination Fee No
Prepayment Fee N/A
Late Payment Fee No

What do you need to qualify for Perpay Installments Loan?

Perpay Installments Loan does not require or does not disclose a credit score minimum.

Perpay Installments Loan does not have or does not disclose a minimum annual income eligibility requirement. Perpay Installments Loan only considers borrowers who are employed.

The Military Lending Act (32 C.F.R. § 232) prohibits lenders from charging service members more than 36% APR on credit extended to covered borrowers. Active duty service members and their covered dependents are eligible to apply for a loan via Perpay Installments Loan. Their rates fall within the limits of The Military Lending Act.

U.S. citizens and permanent resident / green card holders are eligible to apply for the services offered by Perpay Installments Loan.

perpay Eligibility Criteria
Minimum Age N/A
Bank Account Required? No
Application Types Accepted
  • Individual Applications
  • Credit Score N/A

    Are Perpay Installments Loan legit?

    Perpay Inc was founded in 2014, it is a well-established company that has been in business for 9 years.

    Unfortunately, we don't have sufficient community reviews to provide a reliable rating of their user experience and customer service.

    SuperMoney Disclosure: is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
    Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.


    Hours of Operation

    • Sunday Closed
    • Monday 9:00am - 6:00pm
    • Tuesday 9:00am - 6:00pm
    • Wednesday 9:00am - 6:00pm
    • Thursday 9:00am - 6:00pm
    • Friday 9:00am - 6:00pm
    • Saturday Closed

    About Perpay Installments Loan


      Available in 50 states and Washington, D.C.
    • Alabama
    • Alaska
    • Arizona
    • Arkansas
    • California
    • Colorado
    • Connecticut
    • Delaware
    • Florida
    • Georgia
    • Hawaii
    • Idaho
    • Illinois
    • Indiana
    • Iowa
    • Kansas
    • Kentucky
    • Louisiana
    • Maine
    • Maryland
    • Massachusetts
    • Michigan
    • Minnesota
    • Mississippi
    • Missouri
    • Montana
    • Nebraska
    • Nevada
    • New Hampshire
    • New Jersey
    • New Mexico
    • New York
    • North Carolina
    • North Dakota
    • Ohio
    • Oklahoma
    • Oregon
    • Pennsylvania
    • Rhode Island
    • South Carolina
    • South Dakota
    • Tennessee
    • Texas
    • Utah
    • Vermont
    • Virginia
    • Washington
    • Washington, DC
    • West Virginia
    • Wisconsin
    • Wyoming

    Feature Breakdown

    No Late Fees
    Employment Statuses Considered
    • Other
    • Employed Full-Time
    • Employed Part-Time
    • Self-Employed
    • Retired
    Immigration Status Considered
    • U.S. Citizen
    • U.S. Permanent Resident
    Joint Loan Applications Accepted
    • Individual Applications
    Military Status
    • Active Duty Military
    • Non-Military
    • Veterans
    • Military Dependent
    Supported Income Types
    • Direct Deposit (W2, SSA, SSDI)
    • Cash
    • Payroll Check or Prepaid Card
    • 1099 Misc. Income
    APR Type Variable APR

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