Full breakdown of APR, monthly payment estimates, fees, and what determines your rate. No surprises.
| Fee Type | Amount | Notes |
|---|---|---|
| Origination Fee | $0 — None | You receive 100% of the approved loan amount |
| Prepayment Penalty | $0 — None | Pay off early anytime and save on interest |
| Annual Percentage Rate | 199% – 699% | Varies by credit profile and VIP tier |
| Monthly Rate | 16.6% – 58.3% | APR divided by 12 |
| Returned Payment Fee | Not publicly disclosed | Applies if payment fails |
| Late Payment Fee | Not publicly disclosed | Review your loan agreement |
| Application Fee | $0 — Free | No cost to apply |
| Loan Amount | APR | Term | Monthly Payment | Total Repaid | Total Interest |
|---|---|---|---|---|---|
| $500 | 399% | 12 months | ~$150 | ~$1,800 | ~$1,300 |
| $500 | 699% | 12 months | ~$293 | ~$3,516 | ~$3,016 |
| $1,000 | 399% | 12 months | ~$300 | ~$3,600 | ~$2,600 |
| $1,000 | 699% | 24 months | ~$583 | ~$13,992 | ~$12,992 |
| $2,500 | 299% | 24 months | ~$561 | ~$13,464 | ~$10,964 |
| $4,500 | 199% | 24 months | ~$657 | ~$15,768 | ~$11,268 |
* Estimates only. Use our calculator for a personalized estimate.
Plain Green reviews your credit through multiple bureaus including Experian, Equifax, TransUnion, Clarity, FactorTrust, and DataX. Stronger credit typically means a lower APR.
Your verified income level and employment stability affect your approved loan amount and interest rate. More stable income = better terms.
Returning borrowers who've repaid on time earn VIP tier upgrades. Each tier reduces your APR by approximately 100 basis points — up to 400 points total at Titanium.
APR is the single most important number in any loan agreement. Here's how to read it, calculate its impact, and compare it to alternatives.
Annual Percentage Rate (APR) is the yearly cost of borrowing expressed as a percentage — and unlike a simple "interest rate," APR includes both the interest charged and any mandatory fees rolled into the loan. Because Plain Green doesn't charge origination fees, prepayment penalties, or check-processing fees, its APR is essentially pure interest — but that interest rate is still extraordinarily high compared to mainstream credit products.
For context: a typical unsecured personal loan from an online lender runs 8%–36% APR. A credit card averages 24% APR. A payday loan (2-week term) can effectively be 400%+ APR when annualized. Plain Green sits between payday loans and traditional installment lenders — cheaper per-day than a payday loan, but far more expensive than a bank loan.
Plain Green loans use daily interest compounding. At 400% APR on a $1,000 balance, that's roughly $11 in interest per day — meaning even a two-week delay in a payment can add $150+ to your total cost. This is the primary reason we strongly recommend prepaying as much as possible: because there's no prepayment penalty, every dollar you pay ahead of schedule saves you compounding interest going forward.
The single most effective way to reduce total cost on any Plain Green loan is to prepay early. Even paying $50 extra per month on a $1,000 loan can cut total interest by 30%–40%. Set up biweekly rather than monthly payments if your budget allows — this alone saves compounding interest across the term.
| Fee Type | Charged by Plain Green? | Details |
|---|---|---|
| Origination fee | ✓ No | Most online lenders charge 1%–10% upfront; Plain Green rolls all cost into the APR |
| Application fee | ✓ No | Applying is always free; no charge for a decision |
| Prepayment penalty | ✓ No | You can pay off early with zero penalty — this is a genuine consumer benefit |
| Interest (APR) | ✗ Yes | 199%–699% APR — the primary cost of the loan |
| Late payment fee | ✗ Yes | Typically $25–$30 per late payment; varies by state and loan agreement |
| NSF / returned payment | ✗ Yes | Typically $25–$30 when an ACH withdrawal fails; also triggers late fee if payment isn't made |
| Credit report / reporting | ✓ No cost | Plain Green reports to bureaus at no cost to you — on-time payments help credit |
All fees vary by state and are disclosed in your loan agreement before signing. Always read the fee schedule carefully.
Before you accept a Plain Green rate, check whether you qualify for cheaper alternatives. Every option below is dramatically less expensive than Plain Green's minimum rate.
| Product | Typical APR | Speed | Credit Required |
|---|---|---|---|
| Credit union PAL (Payday Alternative Loan) | 18%–28% | 2–7 days | Must be a CU member 1 month+ |
| Employer paycheck advance / earned wage access | 0%–$5 flat | Same day | Employed at participating employer |
| Personal loan (bank / online lender) | 8%–36% | 1–5 days | Fair credit (620+ FICO usually) |
| Credit card cash advance | 25%–30% | Same day | Existing card with available credit |
| 0% APR credit card promo | 0% (12–18 mo) | 7–10 days for card | Good credit (670+ FICO) |
| Cash advance apps (Earnin, Dave, Brigit) | Effective 100%–300% with tips/fees | Same day | Direct deposit history |
| Traditional payday loan | 300%–600% | Same day | Bank account, income proof |
| Plain Green tribal installment | 199%–699% | Same day | Bank account, income proof — bad credit OK |
Final considerations: Your final APR depends on your state's regulations, your credit profile, and your VIP tier status. Rates displayed on this page are ranges — always verify your specific APR, monthly payment, and total finance charge in the actual signed loan agreement before accepting funds. If the offer you receive feels uncomfortable, you can decline without penalty and explore other options. Never accept a loan you can't confidently repay on schedule, regardless of how urgent the need feels.
Use our free calculator to see your estimated cost, then apply when you're ready.