LIMITED TIME ONLY: 3-5% for early payouts. Download app now for early access.

Clear and simple

A small one-time service fee or rewards applies when you join a group.

8% 5%

First payout

Pay a one-time 8% 5% flat fee when you are the first member to receive the payout in a group

Example: The first payout position with 10 payments of $100 will receive a lump sum of $920 $950.

For a limited time only

5% 3%

Middle payouts

Pay a one-time 5% 3% flat fee when you receive the middle payout positions in a group

Example: The mid- payout position with 10 payments of $100 will receive a lump sum of 950 $970.

For a limited time only

%

Last two payouts

Earn 1% and 2% cash rewards respectively when you receive the late payout positions in a group

Example: The last two payout position with 10 payments of $100 will receive $10 or $20 cash rewards.

A cost snapshot

Get low cost access to funding and higher savings incentives

$125/month

Receive: $920 $950
Total payment: $1000

Early payout

Cost: 8% 5%
Payment terms: 8 times
No hidden fees
Withdraw money first in the group

$125/month

Receive: $950 $970
Total payment: $1000

Middle payouts

Cost: 5% 3%
Payment terms: 8 times
No hidden fees
Middle-turn positions to withdraw

$125/month

Receive: $1010-1020
Total payment: $1000

Last two payouts

Cost: 0 | Rewards: 1-2%
Payment terms: 8 times
No hidden fees
Two last positions to withdraw

*The information provided is for illustrative purposes only. Payment terms can be customized (up to 12 bi-weekly/monthly cycles per group). No payment is required during your turn. Early payouts service fee ranges from 5-8%. Up to 2% rewards can be earned with the last group payouts. Group payments end when everyone has received a payout once.

How we compare

 JoolaPayday LoansPersonal LoansCredit Cards
No credit checkSome
No origination fees
Fixed low fees
Transparent payments
Mutual benefits
Cash bonusSome

Scroll to view more comparisons

Download now