$2,000 Tribal Loan
vs BetterFi
Flex Loan
Tribal Loan
Confusing fees?
Yes
Yes
No
Max APR
279.5%
>800%
36%
Savings Builder Available?
No
No
Yes
3 Bureau Credit Reporting
Usually No
No
Yes
Example payment:
$500 Payment
$1,333 Payment
$500 Payment
Cost of borrowing
$465 interest /fees
$1,333 interest /fees
$60 interest
Time until paid off
>1 year
Never
<5 months
Total paid at end
>$6,407
Infinite
<$2,184
6 Month Payment
$651 / month
$1,398 / month
$370 / month
Total paid
$3,907
$8,391
$2,216
Total paid
$6,083
$16,034
$2,412
$507 / month
12 Month Payment
$1,336 / month
$201 / month
Paying down the loan
$35 principal
$0 principal
$440 principal
$146 / month
18 Month Payment
$477 / month
$1,333 / month
$2,618
Total paid
$8,583
$24,002
Ready to pay less and pay off that tribal loan?
Actual amounts could vary based on the frequency of and number of days before or between payments. Exact amounts rounded to the nearest dollar.
“Cost of borrowing” and “Paying down the loan” amounts estimated for first monthly payment.
BetterFi terms typically vary between 6 and 18 months. BetterFi’s maximum effective APR is 36% but rates vary between 10% and 36%.
Terms and conditions apply for any credit extended by BetterFi, and approval is not guaranteed. Nothing contained on this page constitutes a quote.