APR

What is the APR for the Hatch line of credit?

What is the difference between an interest rate and APR?

What is the APR for the Hatch line of credit?

We believe in keeping things simple. Our APR is 18-24%, depending on your state, with no additional fees or penalties (yes, really!). If you've already applied for our line of credit, check your approval email or your Hatch Dashboard for your exact terms. 

The Minimum Payment due is the greater of $10 or the amount required to fully repay the new balance plus interest in equal monthly payments over 60 months.  For example, if you have a 24% APR on your line of credit and $1,000 balance, the monthly minimum payment due will be $28.77.

What is the difference between an interest rate and APR?

APR (Annual Percentage Rate) includes any fees and expenses associated with your loan. Since we don't charge any fees or expenses, the interest rate is the same as our APR.

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