Rates & Fees
Transparency is important to us. Below you'll find detailed information about our rates and fee structure.
As a matching service, Moreno Valley Cash Advance does not set interest rates or loan fees. Lenders in our network adhere strictly to California's Deferred Deposit Transaction Law (CDDTL). Under California law, a payday lender can charge a maximum fee of 15% of the check amount, up to a maximum check amount of $300. Therefore, the maximum cash advance you can receive is $255, with a $45 fee. Your matched lender will provide a clear loan agreement detailing the APR, specific finance charges, and total repayment amount before you are obligated to sign.
Annual Percentage Rate (APR)
Up to 460% for a typical 14-day payday loan
Representative Example
| Loan Amount | Term | APR | Finance Charge | Total Repayment |
|---|---|---|---|---|
| $100 | 14 Days | 460% | $17.65 | $117.65 |
| $200 | 14 Days | 460% | $35.29 | $235.29 |
| $255 | 14 Days | 460% | $45.00 | $300.00 |
Representative examples only. Actual loan terms, APRs, and fees will vary based on the specific lender you are matched with and the exact duration of your loan. Please review all loan agreements carefully before accepting.
State-Specific Information — California
Maximum Loan Amount: $255 cash advance ($300 total check amount)
Rate Cap: Max APR for a 14-day $255 payday loan in California is 460%.
Regulations: California strictly regulates payday loans under the CDDTL. The maximum fee is 15% of the face amount of the check. The maximum duration is 31 days. Rollovers are banned. Criminal prosecution for bounced checks is prohibited.
Licensing: California lenders must be licensed by the Department of Financial Protection and Innovation (DFPI).