MDG interest rates and fees, with the arithmetic shown
Our APR range, what moves you inside it, worked examples at every amount we lend, and a complete list of the charges that exist. Nothing hidden in a footnote.
Last updated 15 September 2026Figures as of 15 September 2026
One range, and what moves you inside it
Every MDG product is priced between 18.00% and 35.95% APR. Nobody pays more than 35.95%, and the bottom of the range is reserved for larger loans over longer terms from applicants with the strongest files.
Six things decide where you land: your credit profile, how stable your verified income is, the amount you request, the term you choose, the product, and your state. The first two you can improve over time. The middle three you control today.
The same $2,000 over 18 months costs $616.66 in interest at the top of our range and $296.98 at the bottom. That gap is the reason it is worth checking your rate rather than assuming.
What APR includes
- The interest charged on your balance.
- Any fee that is a condition of getting the credit. We charge none, so our APR is pure interest.
- It does not include the optional MDG Club fee, because membership is never a condition of approval.
- It does not include fees that only apply if something goes wrong, such as a returned payment.
Cash advance cost examples
Small, short advances of $200 to $1,000 sit nearer the top of the range, because underwriting and funding a $300 loan costs us roughly what a $3,000 one does.
| Amount | Product | APR | Term | Monthly payment | Finance charge | Total repaid |
|---|---|---|---|---|---|---|
| $200 | Cash Advance | 35.95% | 3 months | $70.70 | $12.10 | $212.10 |
| $300 | Cash Advance | 34.99% | 4 months | $80.55 | $22.20 | $322.20 |
| $500 | Cash Advance | 34.99% | 6 months | $92.04 | $52.24 | $552.24 |
| $1,000 | Cash Advance | 29.99% | 6 months | $181.54 | $89.24 | $1,089.24 |
Installment loan cost examples
Larger amounts over longer terms price nearer the bottom of the range. Note how the total finance charge climbs with the term even when the rate falls.
| Amount | Product | APR | Term | Monthly payment | Finance charge | Total repaid |
|---|---|---|---|---|---|---|
| $1,000 | Installment | 29.99% | 12 months | $97.48 | $169.76 | $1,169.76 |
| $1,500 | Installment | 29.99% | 18 months | $104.50 | $381.00 | $1,881.00 |
| $2,000 | Installment | 27.99% | 18 months | $137.34 | $472.12 | $2,472.12 |
| $3,000 | Installment | 24.99% | 24 months | $160.10 | $842.40 | $3,842.40 |
| $5,000 | Installment | 18.00% | 24 months | $249.62 | $990.88 | $5,990.88 |
To model any amount and term yourself, including the full payment schedule, use the calculator on our home page.
Every fee we charge, and every one we do not
Three charges exist, and two of them only ever apply if a payment fails. Nothing is deducted from your funds.
| Charge | Amount | When it applies |
|---|---|---|
| Returned payment fee | Capped at your state maximum | A scheduled debit is rejected by your bank. Your bank may also charge you separately. |
| Late fee | As stated in your agreement, where state law permits | After the grace period printed on your loan agreement. |
| MDG Club membership | $8.95 biweekly, optional | Only if you choose to join. Cancel any time without affecting your loan. |
| Application or prequalification fee | None | Never. Checking your rate is always free. |
| Origination fee | None | Never. You receive the full amount you signed for. |
| Prepayment penalty | None | Never. Pay off early any time and stop paying interest from that day. |
How to pay less than the table says
Three levers, in order of how much difference they make.
Borrow less
The finance charge scales almost directly with the amount. Asking for $800 instead of $1,200 because $800 is what you need is the single biggest saving available to you.
Choose the shortest term you can truly sustain
Shorter terms cost far less in total. But a term you cannot meet costs more than any interest saving, so pick the payment you could still make in a bad month.
Overpay when you can
There is no penalty and no notice required. Extra money goes against principal, cutting the interest charged from that day and shortening the schedule.
State law can lower your rate, never raise it
Where a state caps rates, fees or loan sizes below our standard range, the state limit applies to your loan. The licence we hold in your state and the limits attached to it are listed on our licensing page, and availability by state is on our where we lend page.
Common questions
What is the highest APR MDG charges?
35.95%. That is our ceiling across every product, and it is below the 36% Military Lending Act limit for covered borrowers.
Does MDG charge an origination fee?
No. Nothing is deducted from your funds, so the amount on your agreement is the amount that reaches your account.
Is there a fee for paying off early?
No. There is no prepayment penalty on any MDG product. Interest is charged on your outstanding balance, so paying early reduces your total cost.
Does the MDG Club fee count towards my APR?
No. Membership is optional and never a condition of credit, so it sits outside the APR and appears as a separate charge on your statement.
Why was I offered a higher rate than the lowest one advertised?
The bottom of our range goes to larger loans over longer terms from applicants with strong credit and very stable verified income. Smaller, shorter loans carry the same fixed underwriting cost spread over less borrowing, so they price higher.
Can my rate change after I sign?
No. Your APR is fixed for the life of the loan on every fixed-term product, and your payment amount does not change.
Related pages
Everything on this page links back to the product pages and disclosures it refers to.
MDG requirements
Credit score, income and the documents we ask for.
Read itPayment calculator
Model any amount and term, with the full schedule.
Read itLicensing and disclosures
Our licences, plus the rate caps that apply in your state.
Read itMDG alternatives
Cheaper options worth checking before you borrow.
Read itSee your own numbers before you decide
Two minutes, a soft credit inquiry, no fee and no obligation. Nothing is binding until you sign a loan agreement.