Rates & fees
Fernway Loans is not a lender. We don't set, quote or control the rate, fees or terms of any loan, and we don't charge you an application fee for submitting a request.
Who sets the cost of a loan
If a lender makes you an offer, that lender sets the annual percentage rate (APR), finance charges, fees and repayment schedule. The cost depends on the lender, the type and size of the loan, the laws of your state and the information in your request. Lenders are required to show you the APR and all charges in the loan agreement before you sign. Read it carefully, and don't accept an offer you're not comfortable with.
Late or missed payments
Paying late or missing a payment may lead to extra fees, collection activity or both, and the lender may report it to credit bureaus, which can lower your credit score. Each lender has its own policy; it is set out in your loan agreement.
Renewals
Some lenders allow a loan to be renewed or extended, usually for an added charge, and some states limit or prohibit renewals. Ask your lender for its renewal policy before you sign.
Credit checks
Lenders may check your credit or verify your details with credit bureaus and other consumer reporting agencies when they review your request. Those checks can affect your credit score.
Important disclosures
This website does not constitute an offer or solicitation to lend. The operator of this website is NOT A LENDER, does not make loan or credit decisions, and does not broker loans. The operator of this website is not an agent or representative of any lender. We are a lead generator. This website's aim is to provide lenders with information about prospective consumer borrowers. We are compensated by lenders and lending partners for this service. We do not charge you an application fee.
Information about loans
Not all lenders can provide loan amounts up to the maximum amount that is advertised. The maximum amount you may borrow from any lender is determined by the lender based on its own policies, which can vary, and on your creditworthiness. Loan amounts, rates and terms vary by state and by lender. The time to receive loan proceeds varies among lenders, and in some circumstances additional documents may be required. Submitting your information online does not guarantee that you will be approved for a loan or for any particular amount.
Availability and responsible borrowing
Loans are not available in all states, and not every lender operates in every state. Short-term loans are meant for short-term financial needs and are not a long-term financial solution. Consider other options and borrow only what you can repay.
Lender terms
Every lender has its own terms and conditions and renewal policy, which may differ from lender to lender. You should review your lender's terms and renewal policy before signing the loan agreement. Late payments of loans may result in additional fees or collection activities, or both. Lenders may perform credit checks or otherwise verify the information you provide.
Eligibility
By using this website or its services, you represent and warrant that you are at least 18 years old, that you are a resident of the United States, and that you are not a resident of any state where the loan you are applying for is illegal.