Personal Loan Rates and Fees
The complete rate sheet on one page. In accordance with the Truth in Lending Act, every cost associated with a Oakhill Loans personal loan is disclosed below — there is no second page of fine print.
Personal Loan Rates at a Glance
| Minimum loan amount | $2,000 |
|---|---|
| Maximum loan amount | $10,000 |
| Loan increments | $500 |
| Annual Percentage Rate (APR) | 10.00% fixed |
| Rate type | Fixed — never adjusts for the life of the loan |
| Repayment terms | 12, 24, 36, or 48 months |
| Payment schedule | Equal monthly payments, automatically debited |
| First payment due | Approximately 30 days after funding |
Representative Example
Borrow $5,000 over a 36-month term at a fixed 10.00% APR. Your monthly payment is $161.34. The total amount repaid over the life of the loan is $5,808.24, of which $808.24 is interest. There is no origination fee and no prepayment penalty.
What Fees Does Oakhill Loans Charge?
| Fee type | Amount |
|---|---|
| Origination fee | $0.00 |
| Application fee | $0.00 |
| Processing fee | $0.00 |
| Prepayment penalty | None |
| Late payment fee | $5.00 after a 5-day grace period (may vary by state) |
Why the origination fee line matters.
Origination fees are the most common way an advertised personal loan rate understates the real cost of borrowing. A 5% origination fee on a $10,000 loan means $9,500 arrives in your account while you repay interest on the full $10,000 — the effective APR is materially above the headline number.
Ours is zero. The amount we approve is the amount that reaches your account, and 10.00% APR is the entire cost of the loan.
Monthly Payments at Every Amount and Term
| Loan amount | 12 months | 24 months | 36 months | 48 months |
|---|---|---|---|---|
| $2,000 | $175.83 | $92.29 | $64.53 | $50.73 |
| $2,500 | $219.79 | $115.36 | $80.67 | $63.41 |
| $3,000 | $263.75 | $138.43 | $96.80 | $76.09 |
| $4,000 | $351.66 | $184.58 | $129.07 | $101.45 |
| $5,000 | $439.58 | $230.72 | $161.34 | $126.81 |
| $6,000 | $527.50 | $276.87 | $193.60 | $152.18 |
| $7,500 | $659.37 | $346.09 | $242.00 | $190.22 |
| $8,000 | $703.33 | $369.16 | $258.14 | $202.90 |
| $10,000 | $879.16 | $461.45 | $322.67 | $253.63 |
Fixed 10.00% APR with no origination fee. Total repayment equals the monthly payment multiplied by the number of payments.
How 10% APR Compares
In most states, consumer installment lenders may legally charge up to 36% APR, and many price close to that ceiling. Here is what the same $5,000 loan over 36 months costs at different rates:
| APR | Monthly payment | Total repaid | Total interest |
|---|---|---|---|
| 10.00% — Oakhill Loans | $161.34 | $5,808.24 | $808.24 |
| 20.00% | approx. $185.80 | approx. $6,689 | approx. $1,689 |
| 24.00% | approx. $196.16 | approx. $7,062 | approx. $2,062 |
| 29.99% | approx. $212.24 | approx. $7,641 | approx. $2,641 |
| 35.99% | approx. $229.01 | approx. $8,244 | approx. $3,244 |
Same loan, same term, same borrower. The rate is the entire difference.
Comparison figures are calculated illustrations at the APRs shown. They are not quotes from, or offers by, any named lender.
The Same Rate in Every State
Oakhill Loans charges a fixed 10.00% APR to every approved borrower, in every state we serve. Geography does not change your cost of credit.
| Region | APR | Loan range | Terms |
|---|---|---|---|
| All 50 U.S. states | 10.00% fixed | $2,000 – $10,000 | 12–48 months |
Specific loan terms and fees may vary where required by state law. State-specific disclosures are available on our State Licenses & Disclosures page.
Choosing Your Term
A longer term lowers your monthly payment and raises your total cost. The same $10,000 loan:
- • 36 months — $322.67 per month · $11,616.12 total · $1,616.12 in interest
- • 48 months — $253.63 per month · $12,174.24 total · $2,174.24 in interest
That's $69.04 less every month, for $558.12 more overall.
Neither is the wrong answer. Choose the payment you can make comfortably every month without straining your budget, then pay extra when you're able. There is no prepayment penalty, and every additional dollar reduces your principal — which reduces the interest charged on every month that follows.
Pricing Disclosure
Oakhill Loans offers a fixed 10.00% Annual Percentage Rate on all personal loans from $2,000 to $10,000, with repayment terms of 12, 24, 36, or 48 months. We do not charge origination fees, application fees, or processing fees. Your APR is fixed for the life of the loan and does not vary by credit profile, loan amount, term, or state of residence. All loans are subject to credit approval and verification. Not all applicants will qualify.
Rates and Fees FAQ
What is the APR on a Oakhill Loans personal loan?
10.00% fixed, for every approved borrower, in every state.
Is 10% a good APR for a personal loan?
It sits well below the average for unsecured personal loans and far below the 36% ceiling most states permit. Whether it's right for you depends on your alternatives — a 0% promotional credit card you can clear before it expires may cost less.
Does my credit score change my rate?
No. Credit history is one input into whether we approve your application, not into what you're charged.
Are there prepayment penalties?
None. You can pay off any portion of your loan at any time.
What's the difference between the interest rate and the APR?
APR includes interest plus most mandatory fees, so it reflects the full cost of borrowing. Because we charge no origination or application fee, our interest rate and our APR are both 10.00%.
Do rates differ by state?
No. 10.00% APR in all 50 states.
Ready to Get Started?
Apply today at a fixed 10.00% APR — the same rate every approved borrower receives.
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