If you’ve received Boosts, you can see how much of a discount you’ll get by checking your loan rate (checking your loan rates doesn’t impact your credit score).
The more Boosts you get, the higher the discount you’ll earn, up to a maximum of 15% for loans under 36% APR.
You’ll also earn discounts on our loans over 36%. See them here.
Rate discounts only apply for future loans and cannot be applied retroactively to an existing loan.
* Discount in chart applies for loans with an initial non-discounted loan APR less than or equal to 36%. Discount for loans with an APR greater than 36% will have the following discount schedule: 1 Boost = 5% discount up to a maximum of 50% for 10 Boosts. 20 or more Boosts = flat 36% APR. The minimum APR after all discounts have been applied will be 36%. You must also meet MoneyLion’s criteria for credit, including minimum income requirements, affordability requirements, and confirmation of identity. If you meet the criteria for this offer, the actual loan amount and annual percentage rate you receive will depend on a number of factors including your creditworthiness and your ability to repay as well as applicable law limitations.
** Example $10,000 loan with 24.18% APR, 36 month term, and bi-weekly payment schedule.