Payday Loan Cash Advance Loan Fee Calculator

Use the fields below to calculate the fees and rates for your Michigan Spotya! payday loan.

Fees:

APR:

Michigan Payday Loan Fee, Rates, and Terms

Spotya! is pleased to provide payday loans to state residents of Michigan. Compliance with all federal and state laws governing the payday loan industry is important to us. Your Spotya payday loan agreement will be governed by the laws applicable in Michigan. In accordance with the Federal Truth In Lending Act, please review this page for our full disclosure of loans fees and the corresponding Annual Percentage Rate (APR).

Maximum Loan Amount

$600.00

Spotya Payday Loan Fee

$15.00 for the 1st $100.00 borrowed
$14.00 for the 2nd $100.00 borrowed
$13.00 for the 3rd $100.00 borrowed
$12.00 for the 4th $100.00 borrowed
$11.00 for the 5th $100.00 borrowed
$11.00 for the 6th $100.00 borrowed
(Please see APR information above)

Our Loan Terms

Your Spotya! payday loan will be scheduled for repayment on your pay date within the next 7 to 30 days. We do not exceed 20 days loan periods unless you are only paid once per month. Verifiable payroll direct deposit to your checking account is required for approval.

Extensions or "Roll Overs"

In accordance with state law, we do not allow loan extensions for Michigan customers. Payment in full will be required on your scheduled due date.