Principal only payments of 0.4% required during the 3‑month Shopping Period. After the 3‑month Shopping Period, the total amount outstanding by the borrower will convert to a term loan at a fixed credit rate/APR ranging from 7.99% to 15.99% with fixed monthly payments divided over (i) a 60‑month term where the minimum spend is over $1,000, or (ii) 12 months with a spend of $999.99 or less. A loan of $50,000 incurs $10,814.83 in interest and credit charges over 60 months for a total obligation of $60,814.83.
