Refund Advance Loan
When receiving a Refund Advance from EPS for
$150, $500, or $1,000 – the loan carries a 0% APR2.
That means the fee to you is $0.
For advances of $1,250 or more – the loan carries a
36% APR. Here is what that means for you…
If approved for a Refund Advance Loan greater than $1,250, you will be charged interest. The amount of interest you are charged depends on how many days it takes to repay the advance from your tax refund. In other words — if your tax refund is processed and deposited by the IRS or State quickly, you’ll pay less than if your tax refund takes longer to be released. Don’t worry though! We cap the interest charges at 60 days. So, the charges to you will stop at 60 days if your refund is delayed.
You can use this table to estimate how much your refund advance may cost you.
Outstanding Loan Time Period
Refund is deposited in 14 days
Refund is deposited in 21 days
Refund is deposited in 28 days
Maximum charge (60 days)
Your Cost Per $1,000 Borrowed
$13.81
$20.71
$27.62
$59.18