Rates, Terms & Complete Fee Disclosure

Transparent pricing for $500-$5,000 installment loans

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⚠️ Important: This is Expensive Borrowing

Blue Mountain Loans installment loans carry high Annual Percentage Rates (APR) compared to traditional bank loans. These loans are designed for short-term financial needs only and should not be used as a long-term financial solution.

Before applying, we strongly encourage you to:

  • Compare rates with credit unions and traditional banks
  • Ask creditors about payment plans or hardship programs
  • Check community assistance programs in your area
  • Consider borrowing from family with a written agreement
  • Only borrow what you can afford to repay

💰 APR Range Disclosure

Our APR Ranges From

59.99% - 299.99%

Your actual APR will be determined based on multiple factors during the application process

Credit History

Your credit score and payment history affect your rate

Loan Amount

Larger loans may qualify for lower APR

Repayment Term

Longer terms typically have lower APR

Income Verification

Stable, verifiable income can improve your rate

Note: Your exact APR will be disclosed before you sign your loan agreement. You are under no obligation to accept a loan offer.

📊 Real Loan Examples by Amount

These examples show what you might pay based on different loan amounts and terms. Your actual rates may vary.

$500 - $1,000 Loans

Small emergency loans with shorter repayment terms

$500
Repayment Term: 3 months
APR: 299%
Monthly Payment: $293
Total Interest: $379
Total Repayment: $879
$1,000
Repayment Term: 6 months
APR: 199%
Monthly Payment: $263
Total Interest: $578
Total Repayment: $1,578

$1,001 - $2,000 Loans

Mid-range loans for moderate expenses

$1,500
Repayment Term: 9 months
APR: 159%
Monthly Payment: $271
Total Interest: $939
Total Repayment: $2,439
$2,000
Repayment Term: 12 months
APR: 139%
Monthly Payment: $292
Total Interest: $1,504
Total Repayment: $3,504

$2,001 - $3,500 Loans

Larger emergency loans with flexible terms

$2,500
Repayment Term: 12 months
APR: 119%
Monthly Payment: $343
Total Interest: $1,616
Total Repayment: $4,116
$3,500
Repayment Term: 18 months
APR: 99%
Monthly Payment: $322
Total Interest: $2,296
Total Repayment: $5,796

$3,501 - $5,000 Loans

Maximum loan amounts with extended repayment options

$4,000
Repayment Term: 18 months
APR: 89%
Monthly Payment: $353
Total Interest: $2,354
Total Repayment: $6,354
$5,000
Repayment Term: 18 months
APR: 79%
Monthly Payment: $417
Total Interest: $2,506
Total Repayment: $7,506

🧮 Interactive Loan Calculator

Adjust the sliders to see estimated payments for your loan

Loan Amount: $2,500
Repayment Term: 12 months
Estimated APR: 119%
Monthly Payment: $343
Total Interest: $1,616
Total Repayment: $4,116

* This is an estimate only. Actual rates and terms will be disclosed in your loan agreement.

💵 Complete Fee Schedule

All fees clearly disclosed - no hidden charges

Fee Type Amount When It Applies
Origination Fee Varies by loan amount One-time fee when loan is funded
Late Payment Fee $25 or 5% of payment (whichever is greater) If payment is more than 15 days late
Returned Payment (NSF) Fee $30 If payment is returned by your bank
Early Repayment Fee $0 - NO FEE ✓ You can pay off early anytime without penalty
Prepayment Penalty $0 - NO FEE ✓ No penalties for extra or early payments
Application Fee $0 - NO FEE ✓ Free to apply - no upfront costs
Monthly Service Fee $0 - NO FEE ✓ No ongoing monthly maintenance charges
Payment Method Fee $0 - NO FEE ✓ Standard ACH payments are free

💡 How to Avoid Fees

  • ✓ Set up automatic payments to never miss a due date
  • ✓ Ensure sufficient funds in your account before payment dates
  • ✓ Contact us immediately if you anticipate payment difficulties
  • ✓ Pay extra when possible to reduce total interest (no penalty!)

📅 Repayment Terms & Options

Flexible repayment schedules designed to fit your budget

Available Repayment Terms

  • 3 months (best for $500-$1,000)
  • 6 months (popular for $1,000-$2,000)
  • 9 months (common for $1,500-$2,500)
  • 12 months (typical for $2,000-$4,000)
  • 18 months (available for $3,000-$5,000)

Payment Schedule

  • Payments due monthly on the same date
  • First payment typically 2-4 weeks after funding
  • Automatic withdrawal from your bank account
  • Payment reminders sent via email/SMS
  • Grace period: 15 days before late fee applies

Early Repayment Benefits

  • No prepayment penalties whatsoever
  • Pay off anytime to save on interest
  • Make extra payments without restrictions
  • Pay bi-weekly to reduce total cost
  • Improves credit history with timely payoff

Payment Options

  • Automatic ACH withdrawal (recommended)
  • Online payment through customer portal
  • Phone payment with customer service
  • Change payment date if needed (contact us)
  • Track payments and balance online 24/7

⚖️ Cost Comparison Example

Understanding how Blue Mountain Loans compares to other borrowing options for a $2,000 loan over 12 months

Loan Type APR Monthly Payment Total Interest Total Cost
Blue Mountain Loans 139% $292 $1,504 $3,504
Credit Card (Average) 24.99% $200 $398 $2,398
Credit Union Loan 12.00% $178 $136 $2,136
Online Loan 10.50% $176 $112 $2,112
Payday Loan Rollovers* 400%+ N/A $4,000+ $6,000+

* Payday loans must typically be repaid in full within 2-4 weeks. Many borrowers roll over the loan multiple times, accumulating excessive fees.

⚠️ Why Are Our Rates Higher?

Blue Mountain Loans rates are significantly higher than traditional banks and credit unions. This is because:

  • We work with borrowers who have challenged credit histories
  • No collateral is required (unsecured loans)
  • Fast approval and same-day funding carry higher operational costs
  • Higher default risk requires higher interest rates
  • Tribal lending model operates under different regulatory framework

We encourage you to explore lower-cost options first. Only use Blue Mountain Loans if you cannot access traditional lending and need funds urgently.

📋 Important Disclosures

Loan Agreement

Before you sign your loan agreement, we will provide you with complete disclosures of:

  • Your specific APR based on your creditworthiness
  • The finance charge (total dollar amount the loan will cost you)
  • The amount financed (the actual amount you will receive)
  • The total of payments (the amount you will have paid after making all scheduled payments)
  • Your payment schedule, including the number of payments, amount of each payment, and when payments are due
  • All applicable fees and when they may be charged

You are under no obligation to accept any loan offer. You may refuse or cancel the loan at any time before signing the agreement.

State Availability

Blue Mountain Loans installment loans are not available to residents of all states. State availability may change from time to time without notice.

Currently NOT available in: Arkansas, Connecticut, Massachusetts, Maryland, New York, Pennsylvania, Vermont, Virginia, District of Columbia, and West Virginia.

Residents of all other U.S. states may apply. Check our State Availability page for current information.

Credit Check & Credit Reporting

We verify applicant information through national databases including Clarity Services, Experian, TransUnion, FactorTrust, DataX, and Equifax. We will pull your credit to determine your eligibility and ability to repay.

Credit Impact: Applying for a loan will result in a hard credit inquiry, which may temporarily lower your credit score by a few points. Successfully repaying your loan can help improve your credit over time.

Credit Reporting: We report payment activity to one or more credit bureaus. On-time payments can help build positive credit history. Late or missed payments will negatively impact your credit score.

Tribal Lending

Blue Mountain Loans is a brand of Loan Spot, a wholly owned subsidiary of Kashia Services, a wholly owned economic arm and instrumentality of the Kashia Band of Pomo Indians of the Stewarts Point Rancheria, a sovereign federally recognized Indian tribe located in the United States.

Loan Spot is licensed by the Kashia Lending Commission. Its operations are subject to federal and Tribal consumer financial protection laws.

As a tribal lender, we operate under tribal and federal law, which may provide different consumer protections than state law. For questions about applicable consumer protections, please contact us or consult with a legal professional.

Right to Cancel

You may have the right to cancel your loan after signing under certain circumstances. Your specific cancellation rights and timeframes will be disclosed in your loan agreement.

If you wish to cancel your loan, contact us immediately at (877) 689-7747 or via email at support@bluemountainloanusa.com.

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