Rates & Fees

Last updated: October, 2026

Who sets rates and fees

MySmartFunding is a marketplace and is not a lender. We do not set interest rates, fees, repayment terms, or loan amounts. These are determined solely by the lender you are matched with and may depend on factors such as your credit profile, income, state of residence, and the loan product.

Understanding APR

The Annual Percentage Rate (APR) is the yearly cost of a loan, expressed as a percentage. It includes the interest rate and certain fees, which makes it easier to compare offers. A lender must show you the APR and the total cost of the loan before you accept.

Fees you may see

Depending on the lender and product, a loan may include fees such as:

• Origination or processing fees
• Late payment fees
• Returned payment or insufficient funds fees
• Prepayment fees, where permitted by law

Not every loan has every fee. Your lender's loan agreement lists the fees that apply to you.

Before you accept an offer

• Read the full loan agreement, including the APR, total repayment amount, and payment schedule
• Make sure you can afford the payments
• Compare offers where you can
• Ask the lender about anything you don't understand

Submitting an application does not obligate you to accept any offer, and there is no guarantee that you will receive one. Late or missed payments may lead to additional fees and may negatively affect your credit.

Questions

For questions about a specific offer, contact the lender directly. For questions about our marketplace, contact us at contact@mysmartfunding.com.