What is Possible Finance? Possible Finance is an app that offers short-term installment loans of up to $500. Rates vary by state, though you’ll likely be charged around $15 or $20 per $100 borrowed. This works out to an APR of around 91% or 122%.Oct 16, 2020
If you're trying to get a loan without employment, be sure to ask around and show a good proof of your income — from investment or inheritance. But you might end up having to put some deposit as a guarantee for your loan. Similar to loans, lenders are happy to hand these to clients who have regular employment.Nov 4, 2017
If you need a small loan for an emergency situation like a car repair or other unexpected expense, Possible Finance typically offers loans up to $500. That can be helpful if you need a small amount to tide you over and you want a month or two to repay your loan.
7% per year
|Legal Maximum Rate of Interest||7% per year when rate not specified; higher than 7% must be in writing; maximum 16% where principal is $3000 or less; no limit on rate if loan is between $3000 and $250,000 and must be in simple interest in written contract (§7-4-2)|
|Exceptions||Small industrial loans (§7-3-14)|
Even those who have a stable source of income and receive their paychecks regularly can face an emergency situation when they need cash fast and without questions. With MayBeLoan's convenient and easy forms and quickest approval, it's possible to get payday loans in Georgia as fast as possible!May 9, 2021
Georgia law defines an installment loan as a contract or agreement to make a loan to an individual in an amount of $3,000.00 or less, including the renewal or refinancing of any such loan. Access to the entire Georgia Code is provided by LexisNexis from the Georgia General Assembly's website.Jul 19, 2021
Payday loans are generally illegal in Georgia, unless made by a lender licensed by Georgia's Department of Banking and Finance, though some lenders may qualify for exemption from licensure. Questions about an installment loan licensee should be directed to the Georgia Department of Banking and Finance.