Rates & Fees
NEXTWAVE LOAN PROCESSING LLC operates the NextWave: Cash Advance Now website and mobile application. The following information describes typical rates, fees, and terms for loans facilitated through our platform. Actual terms are determined by the lenders in our network.
Loan Amount
$100 – $5,000
Borrow amounts within this range based on your eligibility and lender terms.
APR Range
5.99% – 35.99%
Annual Percentage Rate varies by lender, loan amount, term, and your credit profile.
Repayment Terms
3 – 24 months
Choose a repayment period that fits your budget. Terms vary by lender.
Example Loan Scenarios
The table below shows estimated monthly payments and total repayment amounts for sample loan amounts at different APRs and terms. These are examples only; your actual terms will depend on the lender and your application.
| Loan Amount | APR | Term | Monthly Payment | Total Repayment |
|---|---|---|---|---|
| $500 | 15.99% | 6 months | ~$88 | ~$528 |
| $500 | 29.99% | 12 months | ~$47 | ~$564 |
| $2,000 | 15.99% | 12 months | ~$181 | ~$2,172 |
| $2,000 | 24.99% | 24 months | ~$106 | ~$2,544 |
| $5,000 | 15.99% | 24 months | ~$234 | ~$5,616 |
| $5,000 | 35.99% | 24 months | ~$271 | ~$6,504 |
Fees Explained
NEXTWAVE LOAN PROCESSING LLC does not charge application or processing fees. However, the third-party lenders we connect you with may charge fees. These may include:
- Origination fees — Some lenders charge a one-time fee when your loan is funded. This is typically a percentage of the loan amount.
- Late payment fees — If you miss a payment or pay after the due date, the lender may charge a late fee. The amount varies by lender and is disclosed in your loan agreement.
- Returned payment fees — If a payment is returned (e.g., insufficient funds), the lender may charge a fee.
- Prepayment — Many lenders allow you to pay off your loan early without a prepayment penalty. Check your loan agreement for details.
All fees will be clearly disclosed in your loan agreement before you accept an offer. We encourage you to read all documents carefully and ask the lender any questions before signing.
Understanding APR
APR (Annual Percentage Rate) is the cost of credit expressed as a yearly rate. It includes the interest rate plus certain fees, giving you a more complete picture of the cost of borrowing. A lower APR generally means lower overall cost, but your actual APR depends on factors such as:
- Your credit history and score
- The loan amount and term you choose
- The lender's policies and risk assessment
We recommend comparing APRs when evaluating loan offers. The APR range of 5.99% to 35.99% reflects the full spectrum of offers available through our network; not all applicants will qualify for the lowest rates.